If budget planning requires gathering information from people who may not always have the incentive to disclose that information, then the principles of mechanism design can definitely be of use in such planning.

In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.

Prediction is certainly a valuable goal in science, but not the only one. Explanation is also important, and there are plenty of sciences that do a lot of explaining and not much predicting.

I don't want to make public statements about issues that I have not studied in detail.

White folks may let you in their country clubs to play golf, invite you out to dinner, take you out to play tennis, but when it comes to dividing up the money, that's a whole 'nother story.

I don't spend a lot of money on clothes, which is weird because I am a fashion model, but when it comes to the new collections coming out, I am just praying designers send it to me for free.

Before 'Power,' I got down to $86 in my bank account. I don't know if I feel successful as much as I feel relieved because for the first time in my life I'm not scared about how I'm going to pay my rent, and I can start to put money away.

There is nothing remotely dignified about sorting through rotting trash to find something to feed your child, or asking someone for money because you have none (anyone who has contrived to give people money before they had to ask will never forget the look of gratitude in their eyes).