unemployment-voluntary-anticipation-future-wage-movements-sort-thing-models

I don't believe that unemployment is all voluntary, by anticipation of future wage movements or this sort of thing. I know you can modify the models by taking into account the indivisibilities, but I don't really think that people are voluntarily unemployed.

Kenneth Arrow
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Kenneth Arrow's Popular Quotes

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…

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

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

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Usefulness depends on tractability.

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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…

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Vast ills have followed a belief in certainty.

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