William Vickrey Quotes
Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life.
Citations
Vickrey, William. "Fifteen Fatal Fallacies of Financial Fundamentalism: A Disquisition on Demand Side Economics." Columbia University Working Paper, 5 Oct. 1996.
Related Quotes
William Spencer Vickrey was a Canadian-American professor of economics and Nobel Laureate. Vickrey was awarded the 1996 Nobel Memorial Prize in Economic Sciences with James Mirrlees for their research into the economic theory of incentives under asymmetric information, becoming the only Nobel laureate born in British Columbia.