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.

Irrespective of economic theories, we will take decisions in the larger interest of the poor people.

I think I made more money when I was lifeguarding at 15 years old than I did on my first year at 'SNL.'

Painting was a problem - you produce a thing, and then you sell it and get money, and that was quickly considered totally uncool.

If you don't ask for money, people don't think you are a serious candidate.