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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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"That most limited of all specialists, the "well-rounded man"."
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Personal Development
"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
"My favourite all-time work of fiction: Lord of the Rings. My favourite all-time nonfiction book: Guns, Germs, and Steel. Ask me again next week, you'll get a different answer."
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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
"Be robust enough to work more than a robot!"
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Personal Development
"Being happy at work is possible for all of us, anytime & anywhere, with open eyes and a caring heart."
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Personal Development
"Back then, work revolved around life. Today, life revolves around work."
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Personal Development
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"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, 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
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
Wisdom
"But while I loved all of these courses, there was an irresistible attraction of economics."
Economy
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