There is a bit of a problem with the match between derivative securities markets and the primary markets. We have long ago instituted principles, ess….

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….

Classic economic theories recognize public goods aspects of one kind or another - the need for economic intervention in, obviously, the supply of inf….

We have to be more modest in what we claim..

My graduate study was interrupted, like that of many others, by World War II..

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….

Evolutionary theory tends to explain quite well in retrospect how various species emerged. It's not very good on prediction. Nevertheless, one cannot….

When you look at any experimental work not directly related to economics, but trying to test rational behavior in other ways, experiments have conspi….

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….

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 ….

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….

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….

The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the un….

Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates..

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….

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….

There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation….

One doesn't like instabilities in markets; they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essenti….

There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I was assuming peop….

I think that systems that are based on employment are illogical and attempts to meet them create all sorts of unnecessary complexities..

Education is still, in spite of private education, a state matter..