"The general uncertainty about the prospects of medical……" — Kenneth Arrow

The general uncertainty about the prospects of medical treatment is socially handled… - 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 the mind of the consumer as to the quality insofar as this is possible. I think this explanation, which is perhaps the naive one, is much more tenable than any idea of a monopoly seeking to increase incomes."

— Kenneth Arrow

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7 Quotes by Kenneth Arrow

Kenneth Arrow has 7 quotes on this site. A few more worth reading:

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