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.

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.

Young people discovering their sexuality must know they walk with a strong tradition and that they are not alone. They have a right to information without being pressured.

But in the first Gulf war the United Kingdom was not under any threat from Iraq, and is still less so in the second one. Then there is no justification for obstructing freedom of information, particularly as nations have a right to know what their soldiers are being used for.

And they talk about their bona fide doctors. They have a list of doctors that signed affidavits from looking at a picture of Terry. That's where they get their information from, by looking at a picture.

Since I'm allergic to various things, the army wouldn't accept me during the war, and I got into the Office of War Information, which sent music to Europe.

Actually the copies of characters is something I don't particularly like to talk about in articles but just for your information, most characters there's only one.

But the Congress has made the determination that certain kinds of information can be protected even though the American people may want to have access to information.

Although Customs and Border Protection analyzes cargo and other information to target specific shipments for closer inspection, it still physically inspects only a small fraction of the containers under its purview.

I have a tendency to be lucky and make the right choices based on limited information.

I would never jeopardize classified information to be brought out to the public. This information is all open source. There is no reason to worry about classification. It is simply an attempt by bureaucrats to cover their rear ends.

For me, having a child is a really great responsibility because you've got something there that is depending on you for information and love until a certain age when it goes to school.

People have really gotten comfortable not only sharing more information and different kinds, but more openly and with more people - and that social norm is just something that has evolved over time.

First, the security and privacy of sensitive taxpayer information is absolutely essential.

Information, usually seen as the precondition of debate, is better understood as its by-product.

Because of Watergate in part, I am kind of a magnet for calls and information and suggestions.

With respect to the FBI, they had problems communicating in a vertical way, within the FBI itself, so that information of importance could get pushed up to those who were decision-makers.

It is evident that one cannot say anything demonstrable about the problem before having resolved these preliminary questions, and yet we hardly possess the necessary information to solve some of them.

We finally found out the technique of separating and getting information about where every train would be at any moment. Of course, I went over budget many times, because - as you go along - some things improved, and you get better ideas.

Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.

The Bush administration also was not straightforward about the intelligence it had, releasing tenuous information that fit its goal of attacking Iraq. I feel deceived.

Success, for me, is being able to provide information that will help to change someone's life positively.

I am pleased to see that information campaigns, such as the America's WETLAND effort, are getting the message out, and people are beginning to realize that wetlands loss in Louisiana affects us all.

If you decide you want to be treated good, and you treat someone else good, or you want to learn something, it's information. It's getting the right, good information.

Believing that our greatest need is for the general public to be able to get better information, to have an opportunity to learn better the real issues of the less fortunate, we centered the activities of the Fairness Project on that.

They made a shrewd guess that I could give them some useful information, and they were the first to meet me. Some one said they came to arrest me, and - well, let it go at that.

Despite its enormous power and wealth, China's ruling elite remains absolutely petrified that the free flow of information will undermine its political legitimacy, particularly among China's younger generation.