Kenneth Arrow Quotes

7 quotes in 156 categories

• The MD is well aware that the forecasts are no good but he needs them for planning purposes ...
• Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates.
• The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the uncertainty in the…
• My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals…
• My graduate study was interrupted, like that of many others, by World War II.
• Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation. This…
• My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial…

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