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.


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 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.