As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.
More Quotes from Joseph E. Stiglitz:
I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard.Joseph E. Stiglitz
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.
Joseph E. Stiglitz
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
Joseph E. Stiglitz
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
Joseph E. Stiglitz
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.
Joseph E. Stiglitz
I approached the problem as a series of thought experiments - unlike many other sciences, we typically cannot do actual experiments.
Joseph E. Stiglitz
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I just wondered how things were put together.
Claude Shannon
I'm 65 and I guess that puts me in with the geriatrics. But if there were fifteen months in every year, I'd only be 48. That's the trouble with us. We number everything. Take women, for example. I think they deserve to have more than twelve years between the ages of 28 and 40.
James Thurber
I'm not trying to be the new anybody.
Steve Forbert