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.

Politics is so personal, vicious and immediate, how are you going to get anything done? Even the local politics where I live have gotten so ugly.

I'm not gonna give the British Government the joy of keeping taxing me. They don't tax art. And all my cars are just a collection of art.

It's true that General Musharraf opposes my return, seeing me as a symbol of democracy in the country. He is comfortable with dictatorship. I hope better sense prevails.

The first thing I remember feeling about the 2016 U.S. election was a kind of speechlessness.