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"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."
Standard
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"We can collaborate with a Netscape employee or partner who's halfway around the world. We can distribute information and software to customers and shareholders, and get their feedback."
Author Name
Personal Development
"When disinformation is running rampant, there are two ignorances that may emerge: the one is actually positive, a sort of pure and intentional emptying of the mind; but the other is of course negative and clogged and polluted."
Author Name
Personal Development
"A poem is true if it hangs together. Information points to something else. A poem points to nothing but itself."
Author Name
Personal Development
"How easy it is for so many of us today to be undoubtedly full of information yet fully deprived of accurate information."
Author Name
Personal Development
"When we hear news we should always wait for the sacrament of confirmation."
Author Name
Personal Development
"But the newest research is showing that many properties of the brain are genetically organized, and don't depend on information coming in from the senses."
Author Name
Personal Development
"Interesting phenomena occur when two or more rhythmic patterns are combined, and these phenomena illustrate very aptly the enrichment of information that occurs when one description is combined with another."
Author Name
Personal Development
"Working in the digital domain, you're using approximations of things; the actual sound wave never enters the equation. You deal with sections of it, and you're able to do so much more by just reducing the information to a finite amount."
Author Name
Personal Development
"Disinformation is duping. Misinformation is tricking."
Author Name
Personal Development
"There are biographies, I looked at a lot of photographs of him, I heard his voice over and over and over again. You get in there and get to know the man by all of those pieces of information."
Author Name
Personal Development
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"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
Policy
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
Development
"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
"Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them."
Sports
"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."
Influence
"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
"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."
Virtue
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
Wisdom
"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
"But while I loved all of these courses, there was an irresistible attraction of economics."
Economy
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