The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.

Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.

I don't think I could have thought of any place other than Stanford to leave Harvard for.

It turns out that a Nobel is also followed by other recognitions, and perhaps the most unexpected of these is that the Japan Karate Association in Tokyo has now made me an honorary 7th-degree black belt, something that, given my athletic abilities, is even more unimaginable than being an Economic Sciences Laureate.

Evolution, cell biology, biochemistry, and developmental biology have made extraordinary progress in the last hundred years - much of it since I was weaned on schoolboy biology in the 1930s. Most striking of all is the sudden eruption of molecular biology starting in the 1950s.

I think it's really hard to draw a hard-and-fast line and say 'Grimm's Fairy Tales' doesn't count as science fiction or fantasy. Or at what point do we say mythology is not fantasy, so reading mythology when you're young does not count as an exposure to fantasy?

It was clear to me from the start that I would need to combine both a medical degree with a research qualification, to keep at the cutting edge of medical science and technology.

I loved school, was an exceptional student, and found a passion for math and science that led me to Vanderbilt University, where I discovered the world of electrical engineering. I did well in college, loved the work I was doing, and soon found myself climbing the corporate ladder after graduation. I was one of the lucky ones.