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…

— Kenneth Arrow

From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis,…

— Kenneth Arrow

Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in…

— 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…

— Kenneth Arrow

The MD is well aware that the forecasts are no good but he needs them for planning purposes ...

— Kenneth Arrow

The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears…

— Kenneth Arrow

One way of looking at Impossibility Theorem is that we proposed some criteria for what a good system should be: what is…

— Kenneth Arrow

Vast ills have followed a belief in certainty.

— Kenneth Arrow

In The United States, the only real change I know has been Instant Runoff, which is usually applied to municipal elections. I…

— 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…

— Kenneth Arrow

The switch to the market in Eastern Europe, of course, has not exactly been one of the greatest advertisements for the market.…

— 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.…

— Kenneth Arrow

I think the idea that a society has to be responsible for all of its citizens, those who do well and those…

— Kenneth Arrow

Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at…

— Kenneth Arrow

The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the…

— Kenneth Arrow

I don't believe that unemployment is all voluntary, by anticipation of future wage movements or this sort of thing. I know you…

— Kenneth Arrow

I think on the efficiency level, not only the distribution level, capitalism is a flawed system. It probably has the same virtues…

— Kenneth Arrow

Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact,…

— Kenneth Arrow

When you look at any experimental work not directly related to economics, but trying to test rational behavior in other ways, experiments…

— Kenneth Arrow

There is a bit of a problem with the match between derivative securities markets and the primary markets. We have long ago…

— Kenneth Arrow

I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds…

— Kenneth Arrow

Classic economic theories recognize public goods aspects of one kind or another - the need for economic intervention in, obviously, the supply…

— Kenneth Arrow

There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I…

— Kenneth Arrow

Education is still, in spite of private education, a state matter.

— Kenneth Arrow

The Germans, for example, have some kind of compromise between single-member and broader districts. In Israel, you have nothing, you have only…

— Kenneth Arrow