Kenneth Joseph 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.

The historical novelist has to consider what has actually happened, while the SF writer is dealing in possibilities, but they are both in the business of imagining a world unlike our own and yet connected to it.

Baseball loyalists cite the game's legendary numbers - 300 wins, 500 homers, 3,000 hits - as evidence of the sport's elegance, beauty, and gravitas. What no one mentions is how wretched and painful it is to actually watch a former star gasp and sputter his way toward a legendary number.