"In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved."

Kenneth Joseph Arrow, American Economist

Medical, Care, Information

17

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"In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved."

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"When I went to the University, the medical school was the only place where one could hope to find the means to study life, its nature, its origins, and its ills."

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"The logic is often far-fetched - how does medical marijuana affect interstate commerce? - and some conservatives would like judges to start throwing out federal laws wholesale on commerce clause grounds. The court once again said no thanks."

Michael Kinsley, American Journalist

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"Vaccination is the medical sacrament corresponding to baptism. Whether it is or is not more efficacious I do not know."

Samuel Butler, British Poet

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"Consider this: I can go to Antarctica and get cash from an ATM without a glitch, but should I fall ill during my travels, a hospital there could not access my medical records or know what medications I am on."

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"Yes, there is a story about Agent Orange, and we knew that it harmed our troops and we knew how long it was to get the medical community to accept that, the military to accept it, the VA to accept it."

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"Sometime they don't let you know that they know that they don't know everything, but the core of the medical approach is that you try to identify pathologies, which are subsystems within the human body or the larger system that are having undesirable consequences."

Guy Burgess, British Criminal

Medical, Body, Consequences

"My parents and grandparents have always been engaged in teaching or the medical profession or the priesthood, so I've sort of grown up with a sense of complicity in the lives of other people, so there's no virtue in that; it's the way one is raised."

Colin Firth, British Actor

Medical, People, Virtue, Grandparents

"The fact that he didn't get credit for a while is more the story of social injustice. But his own spirit wasn't driven by that, and wasn't dependent upon that. He just wished he had the cash to go to medical school."

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Explore more quotes by Kenneth Joseph Arrow

"My graduate study was interrupted, like that of many others, by World War II."

War

"My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents."

Education

"My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use."

Economy

"My assignment was exclusively in the research field, and my first published paper, On the Optimal Use of Winds for Flight Planning, was the outgrowth of that work."

Work

"In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved."

Medical