Kenneth Arrow Quotes
Any purchase is one for the future. If you buy a refrigerator, you are making a commitment to the future so that you have food to eat for the next ten years.
Arrow, Kenneth J. Interview. Big Think, 8 Jun. 2011.
The Senator was chastising his own party. However, statesmen of both parties were concerned with the majority of their colleagues who rarely thought beyond the next election.
He was referring to water rights where short term agreements might have disastrous consequences for future generations. Under the WWI Peace Treaty the high court of Egypt was an International Court. President Wilson nominated Crabites to this court and he served there for 3 decades during which he became a world class expert in Middle Eastern affairs. The failure to have a long-term perspective was a Middle Eastern problem then and did not improve in the next century.
Kenneth Joseph Arrow was an American economist, mathematician, writer, and political theorist. He was the joint winner of the Nobel Memorial Prize in Economic Sciences with John Hicks in 1972.