In 1965, I was teaching a seminar on freedom when I told my students that the ultimate freedom lay in casting a dice to decide what to do. They were so shocked and fascinated that I knew I had to write the book.
I always felt that sci-fi and fantasy were my thing. Bit of a geek, I'm afraid. But I like creating worlds, and I felt it was a genre that gave me more freedom. It just seemed like I belonged there.
While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and fo...
The genomics revolution, proteomics, metabolomics, all of these 'omics' that sound so terrific on grants and on business plans. What we're doing is we are seizing control of our evolutionary future. I mean we're essentially using technology to just j...
I don't think that writing talent has much to do with where one went to school, or the number of degrees on one's business card, but I do get a bit bristly at the implication that romance authors couldn't possibly be smart enough to get into an Ivy L...
You cannot drive a system that's going to be aiming at preventing illness if everyone is not in it. The whole gaming of health insurance and health care in America is based on that fundamental principle: insure people who aren't sick and you don't ha...
We have been suckered into believing that, because there are more men at the top than women at the top, that this is a result of discrimination against women. That's been the misconception. It's all about trade-offs. You earn more money, you usually ...
Economists should be modest and be aware that they are part of the broader social science community. We need to be pragmatic about the methods we use. When we need to do history, we should do history. When we need to study political science, we shoul...
If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great...
We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great D...
It would be really great if I discovered a cure for cancer, but it would only be a little bit less great if my neighbor did. So I am pretty happy when my neighbor becomes wealthier, better educated and more innovative. I feel the same about China and...
My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this very great honor. We each feel privileged and humbled to be named the winners of the 2010 Sveriges Ri...
Markets are, in the end, man-made devices for utilitarian purposes, not a force of nature that we should not try to resist. If they end up serving the interests of only a tiny minority, as is increasingly the case, we have the right - and indeed the ...
The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates,...
Imagine if baseball were taught the way science is taught in most inner-city schools. Schoolchildren would get lectures about the history of the World Series. High school students would occasionally reproduce famous plays of the past. Nobody would ge...
In one sense, the Internet is like the discovery of the printing press, only it's very different. The printing press gave us access to recorded knowledge. The Internet gives us access, not just to knowledge, but to the intelligence contained in peopl...
Money has always been a particular problem for revolutionaries and anti-capitalists. What will money look like 'after the revolution'? How will it function? Will it exist at all? It's hard to answer the question if you don't know what money actually ...
The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financ...
Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a ...
A company can spend hundreds of thousands of dollars on firewalls, intrusion detection systems and encryption and other security technologies, but if an attacker can call one trusted person within the company, and that person complies, and if the att...
Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to m...
