The market doesn't work very well when it comes to public goods. Download Download Share on Facebook Share on Twitter Rotate quotes good market public
The Nobel Prize is not very important for the winners - they are usually pretty successful people already. But it is valuable as a way of drawing the public's attention to important work in economics. Eric Maskin attentiondraweconomics Change image and share on social
Leo Hurwicz is the father of mechanism design theory and has inspired much of my work, and Roger Myerson is an old friend and collaborator and a tremendous economist. Eric Maskin collaboratordesigneconomist Change image and share on social
If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans. Eric Maskin bankhighlyincentive Change image and share on social
I wish to be useful, and every kind of service necessary to the public good becomes honorable by being necessary. Nathan Hale goodhonorablekind Change image and share on social
Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market. Gray Davis companyderegulateenergy share on social
It is good to be in front of the lens to appreciate more being behind the lens. Carine Roitfeld frontgoodlens Change image and share on social
