Quotes
Authors
Kenneth Arrow

"There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy."

Source : Source: www.minneapolisfed.org

Kenneth Arrow

#Simple Quotes #Differences Quotes #World Quotes

“One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as hell, the Fed is going to be in there with helicopter money. In other words, they're going to be buying whatever the Treasury issues. They're not going to, in effect, advocate strong fiscal stimulus and then not finance it. And that's helicopter money.”

Source : Source: markets.businessinsider.com
“Scars are medals branded on the flesh, and your enemies will be frightened by them because they are proof of your long experience of battle.”
“A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.”
“I believe that man's noblest endowment is his capacity to change.”

Source : Leonard Bernstein (1982). “Findings”, Anchor
“Sometimes silence is a habit that hurts?”
“I can't sing and I can't dance, but I can lick any S.O.B. in the house.”
“A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven.”
“I wanted to be a political science professor and go to school in Boston. I never wanted to be a big, famous movie star and TV star. It kind of found me.”

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