Inspirational Quotes, Motivational Sayings, and Wise Words for Daily Inspiration

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I think on the efficiency level, not only the distribution level, capitalism is a flawed system. It probably has the same virtues as Churchill attributed to democracy: It's the worst system except for any other. And I think that's right, but it cannot be thought that some unmitigated belief in free markets is a cure even from the efficiency point of view.

Kenneth Arrow's Popular Quotes

The MD is well aware that the forecasts are no good but he needs them for planning purposes.

- Kenneth Arrow

Unsolved problems, that's one of the great signs of progress in my opinion.

- Kenneth Arrow

Usefulness depends on tractability.

- Kenneth Arrow

The world is changing. We're not really proceeding on a stationary basis.

- Kenneth Arrow

I think the idea that a society has to be responsible for all of its citizens, those who do well and those who do not, is really a precondition of a …

- Kenneth Arrow

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…

- Kenneth Arrow

One thing I learned from meteorology is that being an actual science was no guarantee of exactness.

- Kenneth Arrow

Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation. This i…

- Kenneth Arrow

Vast ills have followed a belief in certainty.

- Kenneth Arrow