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 benefits of education and of useful knowledge, generally diffused through a community, are essential to the preservation of a free government.

Find a good teacher, as I found for my sons. I feel the worst thing you can do is to try and teach your own children yourself, because there is a natural rebellion that occurs.

You know there is a problem with the education system when you realize that out of the 3 R's only one begins with an R.

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