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.

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.

My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.

If Trump actually wants to help those who have been left behind, he must go beyond the ideological battles of the past.

The paradox of trauma is that it has both the power to destroy and the power to transform and resurrect.

I am hard-pressed to find a successful writer who doesn't have a similar story to mine - transformation through the public library.

When a culture is broken, the cracks show - morale is weakened, but so is profit and performance. That's why culture has to be at the core of any business transformation.

But I started it when I was going through a transitional time in my life. At the end of it, it really sort of symbolized it. I had made room to change, and room to grow. I recorded it in a little room.