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Economics is a choice between alternatives all the time. Those are the trade-offs.

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.

Economics is extremely useful as a form of employment for economists.

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.

This economy is on life support.

There is a gulf between the high value Americans put on life in theory and its cheapness in practice.

I actually profoundly think the world's a better place when economics is fairly boring... The more boring the better.

People today don't become economists to make the world a better place.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want patients to receive the best care available. We also want consumers to pay less. And we don't want to bankrupt the government or private insurers. Something must give.