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.
Unsolved problems, that's one of the great signs of progress in my opinion. - Kenneth Arrow
Unsolved problems, that's one of the great signs of progress in my opinion.
- Kenneth Arrow
Usefulness depends on tractability. - Kenneth Arrow
Usefulness depends on tractability.
The MD is well aware that the forecasts are no good but he needs them for planning purposes. - Kenneth Arrow
The MD is well aware that the forecasts are no good but he needs them for planning purposes.
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 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…
The world is changing. We're not really proceeding on a stationary basis. - Kenneth Arrow
The world is changing. We're not really proceeding on a stationary basis.
One thing I learned from meteorology is that being an actual science was no guarantee of exactness. - Kenneth Arrow
One thing I learned from meteorology is that being an actual science was no guarantee of exactness.
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
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 …
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
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…
Vast ills have followed a belief in certainty. - Kenneth Arrow
Vast ills have followed a belief in certainty.
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