ECONOMICS

Understanding Your World

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

"Some degree of inequality in income and wealth, of course, would occur even with completely equal opportunity because variations in effort, skill, and luck will produce variations in outcomes." ~Janet Yellen, Chair of the Federal Reserve

"The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being." ~Ben Bernanke, Former Chairman of the Federal Reserve