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Kenneth Joseph Arrow Quotes
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Type: Economist Quotes Category: American Economist Quotes Date of Birth: August 23, 1921 Nationality: American Find on Amazon: Kenneth Joseph Arrow Related Authors: John Kenneth Galbraith Thomas Sowell Jeremy Rifkin Martin Feldstein Milton Friedman John W. Snow Jeffrey Sachs Douglass North |
In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.
Kenneth Joseph Arrow Later themes included a specification of the demand for information and the implications of information as an economic input for returns to scale. Kenneth Joseph Arrow My assignment was exclusively in the research field, and my first published paper, On the Optimal Use of Winds for Flight Planning, was the outgrowth of that work. Kenneth Joseph Arrow My graduate study was interrupted, like that of many others, by World War II. Kenneth Joseph Arrow 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 with information as an economic variable, both as to its production and as to its use. Kenneth Joseph Arrow 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 sacrifices of my parents. Kenneth Joseph Arrow Two 1962 papers studied the efficiency with which the market encourages innovation and the implications of learning by doing for economic growth. Kenneth Joseph Arrow |
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