My interest had been in a broad class of situations, broader than the advanced industrial market economies, including situations in third world countries, and in countries attempting to have some kind of socialist approach to their problems. I have been interested in how one can construct efficient mechanisms that have the decentralization features similar to a market but that do not necessarily resemble a market. For this purpose, I formulated the notion of an informationally-decentralized economy in which perfect competition was just a very special case...
Leonid HurwiczRelated topics
approach broad case class competition construct decentralization economy efficient industrial interest kind market notion perfect purpose similar socialist special third worldRelated quotes
It's always a tendency to compare our country in my time to the most perfect democracies of the world. I don't mind that. But now, what we hear is "oh let's try to understand these people. After all, Islam is something special," when what they are doing is absolutely contrary to Islam. Now, everybody is trying to say "well, let's try to understand these people", these people who are killing, massacring others, the people they don't like just like flies. But in my case, it is to compare it to the most perfect government of the world.
Muhammad Reza Pahlavi
I have always been interested in oval or ovoid shapes. The first carvings were simple realistic oval forms of the human head or of a bird. Gradually my interest grew in more abstract values – the weight, poise and curvature of the ovoid as a basic form. The carving and piercing of such a form seems to open up an infinite variety of continuous curves in the third dimension, changing in accordance with the contours of the original ovoid and with the degree of penetration of the material. Here is a sufficient field for exploration to last a lifetime..
Barbara Hepworth
When Jesus said, "The Kingdom of Heaven is within you," it was the mind that he was speaking about. The Kingdom of Heaven must begin within a mind which exists for the sake of the whole. Such a mind is so broad that the entire universe can be embraced by it; the whole Kingdom, including all of mankind, can come within that mind. In that case, who should be the center of your mind - the nation, the world, or God? Yes, it should be God. If your mind is embracing everything, that means you are trying to capture or embrace the mind of God.
Sun Myung Moon
Latin America. While we are desirous of promoting peace in every quarter of the globe, we have a special interest in the peace of this hemisphere. It is our constant desire that all causes of dispute in this area may be tranquilly and satisfactorily adjusted. Along with our desire for peace is the earnest hope for the increased prosperity of our sister republics of Latin America, and our constant purpose to promote cooperation with them which may be mutually beneficial and always inspired by the most cordial friendships.
Calvin Coolidge
In principle, every social situation involves strategic interaction among the participants. Thus, one might argue that proper understanding of any social situation would require game-theoretic analysis. But in actual fact, classical economic theory did manage to sidestep the game-theoretic aspects of economic behavior by postulating perfect competition, i. e., by assuming that every buyer and every seller is very small as compared with the size of the relevant markets, so that nobody can significantly affect the existing market prices by his actions.
John Harsanyi
