Top 5 Greg Mankiw Quotes (2025 Update)

Greg Mankiw Quote: “Economics is the study of how society manages its scarce resources.”

1. “Economics is the study of how society manages its scarce resources.”

2. “If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.”

— Greg Mankiw

3. “You can’t rule out deflation just because you’ve never seen it in your lifetime.”

— Greg Mankiw

4. “Outsourcing American jobs will prove to be a plus for the economy in the long run. It’s simply a new way of doing international trade.”

— Greg Mankiw

5. “I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”

— Greg Mankiw

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