Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.

Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.

Amherst is a liberal arts college, committed to providing students with a broad education.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are.

I grew up in a family in which political issues were often discussed, and debated intensely.

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.

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

But while I loved all of these courses, there was an irresistible attraction of economics.

I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.

My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.

The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.

But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.

I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life.

I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard.

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.

I knew that discrimination existed, even though there were many individuals who were not prejudiced.

In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues.

Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.

The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities.

If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?

Development is about transforming the lives of people not just transforming economies.

We need to keep investing in economic and homeland security. We need to bank on the right kind of economic development. We need to embrace opportunities, but with the right kind of safeguards.

The other great development has been in photography, but that too was influenced by Conceptual art.

The education of my brother and myself was of paramount importance to my parents, and in addition to their strong encouragement, they were prepared to make any sacrifice to further our intellectual development.

While I recognize the great value and importance of prescription drugs and strongly support a continued U.S. focus on pharmaceutical research and development, our nation's seniors cannot be asked to subsidize the drug costs of other wealthy industrialized nations any longer.

Hence the same instant which killed the animals froze the country where they lived. This event was sudden, instantaneous, without any gradual development.

In my fifty years of experience and memory, I have seen the most amazing increase in the standard of living of a people ever achieved anywhere in the world. This is why I am so sure that our system of free competition and industrial development is sound and must be preserved.

Be unselfish. That is the first and final commandment for those who would be useful and happy in their usefulness. If you think of yourself only, you cannot develop because you are choking the source of development, which is spiritual expansion through thought for others.

I was much involved in the development of the spark chamber as a practical research tool.

As a scouting department, with the confidence we have in our player development, if a guy has the potential that we think they have and the makeup and they stay healthy, we think they will be a productive Major Leaguer. We take a lot of pride in that.

Clearly, programming courses should teach methods of design and construction, and the selected examples should be such that a gradual development can be nicely demonstrated.

One of the biggest development issues in the world is the education of girls. In the United States and Europe, it has been accepted, but not in Africa and the developing countries.

Practically the only way to dry the swamp of radical Islam is through economic development and an improved standard of living.

I tend to arrive in the rehearsal process with very strongly developed ideas about what I want to do. But I don't like those ideas to be things that are not subject to change, or subject to development, or subject to challenge.

There are not many males, black or white, who wish to get involved with a woman who's committed to her own development.

Manufacturers account for nearly 60 percent of all industrial research and development.

During my nearly five years as director-general of WHO, high-level policymakers have increasingly recognized that health is central to sustainable development.

Software development is technical activity conducted by human beings.

Those who decide to use leisure as a means of mental development, who love good music, good books, good pictures, good plays, good company, good conversation - what are they? They are the happiest people in the world.

Research and development needs permanent tax credits to build the technology that spurs our growth. But no government programs alone can get America's students to study more science and math; parents must push and help their children to meet this goal.

Why did human development proceed at such different rates on different continents for the last 13,000 years?

It's actually not unlike Google at that stage of development. They had an up-and-running site. It wasn't losing very much money, it wasn't making very much money, but it was growing.

The distinction between the old and the new formulations consisting in the incorporation of the concept of the rate of chemical reactions is so great that it immediately asserted itself in the objective development of catalysis.

Close contact between science and the practice of collective farms and State farms creates inexhaustible opportunities for the development of theoretical knowledge, enabling us to learn ever more and more about the nature of living bodies and the soil.

Of all work-schools, a good farm is probably the best for motor development.

Advocates of unrestricted abortion do not want the public to focus on these undeniable facts of fetal development, but the facts cannot be ignored.