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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."
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"Perfect truth (symmetry) is information that doesn't change and pure randomness is a difference that doesn't make a difference."
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Personal Development
"It is a very sad thing that nowadays there is so little useless information."
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Personal Development
"When we hear news we should always wait for the sacrament of confirmation."
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Personal Development
"A poem is true if it hangs together. Information points to something else. A poem points to nothing but itself."
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"I am disillusioned enough to know that no man's opinion on any subject is worth a damn unless backed up with enough genuine information to make him really know what he's talking about."
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Personal Development
"Disinformation is duping. Misinformation is tricking."
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Personal Development
"I have never refused to talk to any authorities or give them any information I had."
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Personal Development
"On the Internet, inside information is currency, and there will always be counterfeiters among us."
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Personal Development
"Judgment is more than skill. It sets forth on intellectual seas beyond the shores of hard indisputable factual information."
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Personal Development
"Because the New Testament provides the primary historical source for information on the resurrection, many critics during the 19th century attacked the reliability of these biblical documents."
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"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
"I grew up in a family in which political issues were often discussed, and debated intensely."
Family
"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 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
"But while I loved all of these courses, there was an irresistible attraction of economics."
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
"I knew that discrimination existed, even though there were many individuals who were not prejudiced."
Awareness
"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
"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
"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
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