"Economics presents us with a powerful, and not necessarily complex, set of analytical tools that can be used to look back and explain why events unfolded the way they did; to look around and make sense of the world; and to look forward so that we can anticipate the effects of major policy changes. Economics is like gravity: Ignore it and you will be in for some rude surprises."

Charles Wheelan Economics See all quotes by Charles Wheelan →

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“Good government is a prerequisite for a thriving market economy. At the same time, the coercive powers of government can be put to use in ways that serve narrow organized interests, including the government employees themselves. One of the most important tasks for policy analysts is determining when, where, and how government ought to involve itself in a modern economy.”

“The goal of public policy is to make our lives better. Does that mean richer? Or healthier? No policy change is good for everyone, so we must weigh total gains against total losses. But even that task is more complicated than it first appears.”

“Economics should not be accessible only to the experts. The ideas are too important and too interesting. Indeed, naked economics can even be fun.”

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