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"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."
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"The world system is employment."
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Personal Development
"A butler supplies food to nourish your body, but a writer nourishes your mind through writing."
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Personal Development
"Do not be weary to make money."
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Personal Development
"Employers are at their happiest on Mondays. Employees are at their happiest on Fridays."
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Personal Development
"Work was intended not to give a man a reason to live, but rather to give him a means to live."
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Personal Development
"Back then, work revolved around life. Today, life revolves around work."
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Personal Development
"Do all the work you while you still have strength."
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Personal Development
"A job is a contract whereby you sell out a bit of your life daily."
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Personal Development
"Love by the sweat of thy brow.Not through whispered words of hollow sound or lofty dreams ne'er substance bound that more than oft do run aground. Nay, love with mighty, blistered hands that turn the soil and carve the land. A bearer of toil and golden band. Be strong! A founder of the feast! Protective knight who slays the beast! For promises and vows aloud are naught but wispy veneer shroud like cobwebs, frail, the airy words and wooing fail. So work, my darling. Toil as proof. Thy loyal heart be drained of youth and yet beat on, incessant sound. Both feet take root within the ground, and service be thy kingly crown.Love by the sweat of thy brow."
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Personal Development
"Work like it is your passion, vision, and mission. Love like you are drunk with love without intermission."
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Personal Development
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"I knew that discrimination existed, even though there were many individuals who were not prejudiced."
Awareness
"I grew up in a family in which political issues were often discussed, and debated intensely."
Family
"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."
Education
"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
"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 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 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
"Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation."
Work
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
Wisdom
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