Kenneth Arrow Quotes
Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation. This is something that all teachers know.
Topics
Assimilation
Cost
Teacher, Teachers
Knowledge Dissemination
Learning Process
Education Cost
Educational Expenses
Educational Resources
Knowledge Acquisition
Knowledge Assimilation
Knowledge Distribution
Knowledge Production
Knowledge Transmission
Learning Difficulties
Teaching Challenges
Learning Cost
Citations
Arrow, Kenneth J. "Classificatory Notes on the Production and Transmission of Technological Knowledge." The American Economic Review, vol. 59, no. 2, 1969, p. 29.
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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.