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"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
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"You win minds through your brilliance. You win hearts through your tenderness. You win souls through your benevolence."
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Personal Development
"A good word will spread in the grapevine, bringing forth clusters of grapes and the benevolent of wine; a bad word will spread withering the vines, and choke the potential grapes."
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Personal Development
"Spend your time with the people who talk about the stars because to whichever place you put your mind in, you will move to that place! Stars pull you to the stars; mud pulls you to the mud!"
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Personal Development
"What you do teaches faster, and has a lasting impression, far beyond what you say."
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Personal Development
"He who illumines one has begun illumining the world."
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Personal Development
"Everything I touch makes me a little bit more like the thing I'm touching, so I'd better start paying attention to what I'm touching."
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Personal Development
"When the wind likes a path, the weeds around that path will tremble all day long!"
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Personal Development
"If you are a follower of Jesus Christ , then the world around you will also be subdued."
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Personal Development
"To get fruits from the tree branches, shake them with hands; to get fruits from men, shake them with clever ideas!"
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Personal Development
"If you submit to your gift, you will become known and influential."
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Personal Development
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"I think in part the reason is that 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."
Economy
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
Action
"Amherst is a liberal arts college, committed to providing students with a broad education."
Education
"I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life."
Life
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
Justice
"As I noted in my Nobel lecture, 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."
Work
"I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard."
Family
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
Learning
"I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous."
Information
"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?"
Economy
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