"From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant decentralization because knowledge is not concentrated anywhere. It's based on motivation, and so these are the advantages of, say, the cautious case for capitalism, that the market system is efficient."

--

Source : Source: www.minneapolisfed.org

Kenneth Arrow

#Motivation Quotes #Firsts Quotes #Principles Quotes

“Everybody's got a job to do, and I do mine as best I can.”
“I'd love to venture into TV or do some gritty dramas - Guy Ritchie, that kind of thing.”
“The philosophies of one age have become the absurdities of the next, and the foolishness of yesterday has become the wisdom of tomorrow.”
“If everybody became a poet the world would be much better. We would all read to each other.”
“Wherever it is you may be, it is your friends who make your world.”
“People are trying to live freely outside of, or within a system that maybe for them on a day-to-day level isn't as free... I definitely think we're positively orientated.”
“I thought it would be funny to go to my Korean dry cleaner and ask her about my head shot, as if it's the most important thing in the world, and as if it's something that everyone should weigh on because it's important to me.”
“When I come into a game in the bottom of the ninth, bases loaded, no one out and a one-run lead ... it takes people off my mind.”

You may also like:

Amartya Sen
Economist
Gary Becker
Economist
George Akerlof
Economist
Joseph Stiglitz
Economist
Nicolas de Caritat, marquis de Condorcet
Philosopher
Paul Samuelson
Economist
Robert Solow
Economist
Sir John Richard Hicks
Economist
James M. Buchanan
Economist