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 or internal financing but not rea….

In The United States, the only real change I know has been Instant Runoff, which is usually applied to municipal elections. I see no real improvement….

The health care provisions are presumably for individuals. And whoever pays for them, whether it's paid by the individual, state, whatever, the value….

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

You will vote for first choice candidate whether or not you think he'll win. But I'm saying you may find yourself for a candidate, a middling candida….

Markets are not, in my opinion, a full solution to any problem. The obvious problem they don't meet is the concerns of the welfare of individuals who….

One way of looking at Impossibility Theorem is that we proposed some criteria for what a good system should be: what is it you want from a voting sys….

I think one of the things we learned from the physicists and also the theoretical biologists is the idea that when you're dealing with very complex s….

The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have be….

It seems to me that at least as far as the financial markets are concerned, there is increasing evidence against rational expectations, even at the m….

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

In my [Impossibility] theorem I'm assuming that the information is a ranking. Each voter can say of any two candidates, I prefer this one to this one….

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 inf….

The intrinsic social structure, the family structure and so forth, is certainly in a very bad state. And I think that this is showing up in productiv….

Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact, none of the countries ….

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 special to economics; it's e….

I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't ….

Economics in college was very poor; I was not very impressed with it. I actually wanted to study statistics. I discovered mathematical statistics as ….

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

My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the finan….

Family is a difficult matter. I must admit I do not know that the state can intervene successfully in a family. It's a fact that everything is connec….