Kenneth Arrow quotes - page 3

Venture capital has done much more, I think, to improve efficiency than anything. (Kenneth Arrow)
Any purchase is one for the future. If you buy a refrigerator, you are making a commitment to the future so that you have food to eat for the next ten years. View quote
Kenneth Arrow
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950. View quote
Kenneth Arrow
In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved. View quote
Kenneth Arrow
My assignment was exclusively in the research field, and my first published paper, On the Optimal Use of Winds for Flight Planning, was the outgrowth of that work. View quote
Kenneth Arrow