I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.
Socialism is good when it comes to wages, but it tells me nothing when it comes to other questions in life that are more private and painful, for which I must seek answers elsewhere.
It's very hard for individual inventors to get paid. For the same reason that private equity is valuable - broadly, that's a good thing - in the case of patents, many that own them aren't in a good position to take the next step.
China has created very good investment tools, including an entire network of very large funds. The Russian Private Investment Fund works with some of those funds, with China's largest investment funds.
Insurance companies, whether private or government owned, must be compelled to pay for health-promoting measures. In turn, this will encourage physicians to offer such treatments in earnest.
The important thing for the survival of the Thai society is that the majority of those who work, both in the government and the private sector, still strive to work in the same direction; this is why the Thai nation still stands.
For years now I have been talking about personal responsibility and accountability, both in our private lives and in the halls of government. Those are important principles here in Idaho, and they will form the basis of this administration.
The Tea Party elites believe government is evil. Everything about government is bad, and they blame all problems, even non-economic problems, problems that were caused by the private sector, on government.
We fear violence less than our own feelings. Personal, private, solitary pain is more terrifying than what anyone else can inflict.
I'm just not a private person. It's not like I do things because I want things to be public; it's just that's my way of expressing myself, and I happen to be very famous.
If all Church power vests in the clergy, then the people are practically bound to passive obedience in all matters of faith and practice; for all right of private judgment is then denied.
Americans cannot maintain their essential faith in government if there are two Americas, in which the private sector's work subsidizes the disproportionate benefits of this new public sector elite.
I'm a private guy, and you don't want to be out there preaching to people. But faith leads you in the decisions you make. You don't always pick the right path, but it's there in your conscience.
The President's proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.
My studio, nicknamed 'Funny Farm,' is in a hidden location. It's very private. Not only do I create my photography there, but it is also where I write my books and create music.
It has always been my private conviction that any man who puts his intelligence up against a fish and loses had it coming.
Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought.
While I accept that there are certain things about my private life that will always be of interest to the public, it would be better if you give the same amount of attention to issues that matter as well.
I grew up in a very nice house in Houston, went to private school all my life and I've never even been to the 'hood. Not that there's anything wrong with the 'hood.
I can feel the public side of my life and the private side of my life sort of drifting away from one another.
Human life is held in much higher esteem, and the taking of it, whether in private quarrel or by judicial procedure, is looked upon much more seriously than it was formerly.
