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.

Education should learn from the positive side of gaming - reward, accomplishment, and fun.

I worked my way through the education system and was treated as though I had value.

The Purdue education was fine, but I wasn't ready to learn when I was at Purdue.

I can't think of anything I would rather do with my money than buy my children the best possible education.