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 attraction in this city is money, from gambling. What you are if you work here is a shill.

If you're a citizen of the State of New York, your kid has as much a right as another kid to an education, and the best education. The money should be distributed equally to all.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

I was always told that I'd have to do a movie with a white guy in order to get the money. That's the way it was. That made me feel that I should have chosen some other profession, so I could have gotten my just deserts.