Occupation: Economist Birth: November 5, 1920 Death: November 23, 2015
Our family life was certainly not intellectual..
My record at the University of California as an undergraduate was mediocre to say the best..
The evolution of government from its medieval, Mafia-like character to that embodying modern legal institutions and instruments is a major part of th….
I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to….
Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information tha….
Conformity can be costly in a world of uncertainty which requires innovative institutional creation because no one can know the right path to surviva….
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist,….
Regarding social order, [Francis] Fukuyama writes, "The systematic study of how order, and thus social capital, can emerge in spontaneous and decentr….
To predict the future we would have to know today what we will learn tomorrow which will shape our future actions.
In 1972 I married again, to Elisabeth Case; she continues to be wife, companion, critic and editor: a partner in the projects and programs that we un….
Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised political co….
The supremacy of Parliament and the embedding of property rights in Common Law put political power in the hands of men anxious to exploit the new eco….
While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth a….
I learned to fly an airplane, and had my own airplane during the 1960s..
I had hoped to go to law school, but the war started, and because of the strong feeling that I did not want to kill anybody, I joined the Merchant Ma….
My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment bank….
What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I….
I continue to be a photographer; I have enjoyed fishing and hunting with a close friend; and have owned two ranches, first in northern California and….
My brother and sister are both older than I am and were born before my father went off to World War I..