7 quotes
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
Autobiographical Essay (2001)
An early insight in my work on the economics of information concerned the problem of appropriability — the difficulty that those who pay for information have in getting returns.
Autobiographical Essay (2001)
In debate, one randomly was assigned to one side or the other. This had at least one virtue — it made one see that there was more than one side to these complex issues.
Autobiographical Essay (2001)
My teachers helped guide and motivate me; but the responsibility of learning was left with me.
Autobiographical Essay (2001)
If stability and efficiency required that there existed markets that extended infinitely far into the future — and these markets clearly did not exist — what assurance do we have of the stability and efficiency of the capitalist system?
Autobiographical Essay (2001)
The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities.
Autobiographical Essay (2001)
Seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are.
Autobiographical Essay (2001)