Kenneth Arrow Quotes


In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.


Citations

Arrow, Kenneth J. "Kenneth J. Arrow - Biographical." NobelPrize.org, Nobel Prize Outreach AB, 2005.

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Kenneth Arrow
Kenneth Arrow
  • Born: August 23, 1921
  • Died: February 21, 2017
  • Nationality: American
  • Profession: Economist

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.