---
title: "1 Public Goods Quotes By Kenneth Arrow"
description: "1 Public Goods quotes by Kenneth Arrow. Plus more from Kenneth Arrow and more Public Goods sayings from other authors."
image: "https://sms4smile.com/quotes/i/3a3/kenneth-arrow-14948_appropriate_classic-economic-theories-recognize-publ_1685242.jpg"
---

> [Classic economic theories recognize public goods aspects of one kind or another - the need for economic intervention in, obviously, the supply of infrastructure and of education. We're not supplying that infrastructure at an appropriate rate today. I don't doubt…](https://sms4smile.com/quotes/kenneth-arrow/classic-economic-theories-recognize-public-goods-aspects-of-one-kind/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

[Image](https://sms4smile.com/quotes/i/3a3/kenneth-arrow-14948_appropriate_classic-economic-theories-recognize-publ_1685242.jpg)

## More by Kenneth Arrow

> [The health care provisions are presumably for individuals. And whoever pays for them, whether it's paid by the individual, state, whatever, the value is…](https://sms4smile.com/quotes/kenneth-arrow/the-health-care-provisions-are-presumably-for-individuals-and-whoever/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant…](https://sms4smile.com/quotes/kenneth-arrow/from-the-time-i-first-understood-economic-principles-i-was-always/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation.…](https://sms4smile.com/quotes/kenneth-arrow/knowledge-is-a-free-good-the-biggest-cost-in-its-transmission-is-not/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [Family is a difficult matter. I must admit I do not know that the state can intervene successfully in a family. It's a fact…](https://sms4smile.com/quotes/kenneth-arrow/family-is-a-difficult-matter-i-must-admit-i-do-not-know-that-the/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [The MD is well aware that the forecasts are no good but he needs them for planning purposes ...](https://sms4smile.com/quotes/kenneth-arrow/the-md-is-well-aware-that-the-forecasts-are-no-good-but-he-needs-them/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me…](https://sms4smile.com/quotes/kenneth-arrow/the-trouble-is-that-the-risks-that-are-being-hedged-very-well-by-new/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [One way of looking at Impossibility Theorem is that we proposed some criteria for what a good system should be: what is it you…](https://sms4smile.com/quotes/kenneth-arrow/one-way-of-looking-at-impossibility-theorem-is-that-we-proposed-some/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [Vast ills have followed a belief in certainty.](https://sms4smile.com/quotes/kenneth-arrow/vast-ills-have-followed-a-belief-in-certainty/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [In The United States, the only real change I know has been Instant Runoff, which is usually applied to municipal elections. I see no…](https://sms4smile.com/quotes/kenneth-arrow/in-the-united-states-the-only-real-change-i-know-has-been-instant/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to…](https://sms4smile.com/quotes/kenneth-arrow/i-do-sense-as-compared-with-let-s-say-the-early-50s-there-s-somewhat/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [The switch to the market in Eastern Europe, of course, has not exactly been one of the greatest advertisements for the market. There's no…](https://sms4smile.com/quotes/kenneth-arrow/the-switch-to-the-market-in-eastern-europe-of-course-has-not-exactly/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't…](https://sms4smile.com/quotes/kenneth-arrow/i-think-the-development-of-the-venture-capital-system-has-been-an/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [I think the idea that a society has to be responsible for all of its citizens, those who do well and those who do…](https://sms4smile.com/quotes/kenneth-arrow/i-think-the-idea-that-a-society-has-to-be-responsible-for-all-of-its/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates.](https://sms4smile.com/quotes/kenneth-arrow/now-virtue-may-not-always-be-its-own-reward-but-in-any-case-it-is-not/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

> [The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the uncertainty in…](https://sms4smile.com/quotes/kenneth-arrow/the-general-uncertainty-about-the-prospects-of-medical-treatment-is/)

[Kenneth Arrow](https://sms4smile.com/quotes/author/kenneth-arrow/)

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