William Vickrey Quotes


There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.


Citations

Vickrey, William. "Fifteen Fatal Fallacies of Financial Fundamentalism: A Disquisition on Demand Side Economics." Columbia University Working Paper, 5 Oct. 1996.

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William Vickrey
William Vickrey
  • Born: June 21, 1914
  • Died: October 11, 1996
  • Nationality: Canadian
  • Profession: Educator

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.