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.

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.

There is an ongoing debate about the reform of the U.N. system.

No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.

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

Most of the debate over the cultures of death and life is about process. The debate focuses on the technology available to determine how we prolong life and how and when we end it.

The national debate on Social Security has been cheapened by demagoguery on all sides.

I fear that, in the end, the famous debate among materialists, idealists, and dualists amounts to a merely verbal dispute that is more a matter for the linguist than for the speculative philosopher.

As we begin this debate, I am confident that we will hear the supporters of this bill argue in the name of Ronald Reagan that this research is consistent with his long-held views about the sanctity of life.

Nothing ever gets settled in this town. a seething debating society in which the debate never stops, in which people never give up, including me. And so that's the atmosphere in which you administer.

A politician's goal is always to manipulate public debate. I think there are some politicians with higher goals. But all of them get corrupted by power.

What scared me in that debate is that it's not about the ownership rules at all. The vast majority of people don't even know what the rules say, to be perfectly candid. Name all six of them.

The job of the press is to encourage debate, not to supply the public with information.

While the political debate over abortion will continue for a very long time, the federal government can and should be doing more to support programs and services that provide women with better options.

Let me announce this to the American people tonight one of the best things about this debate, as a Democrat from Massachusetts, I have proposed eliminating, getting rid of the alternative minimum tax.

See that's a goal that I think it's very good in the debate to find out who the person is.

One of the most surreal moments in this election was after the third debate, when I heard a talking head say, Al Gore won on substance, on the issues. But you have to give the victory to Bush because he seems presidential.

I heard Dennis Kucinich say in a debate, 'When I'm president... and I just wanted to stop him and say, 'Dude.'

After two years of hard work and debate, Congress has passed a highway bill that will help fuel our economy by creating roughly 500,000 new jobs, as well as address many critical transportation needs in Ohio and the 18th Congressional District.

While the debate on the Patriot Act is far from over, it is important that all Americans continue in this dialogue and work together to ensure greater security for our nation.

Deliberation and debate is the way you stir the soul of our democracy.

The tension between "yes" and "no," between "I can" and "I cannot," makes us feel that, in so many instances, human life is an interminable debate with one's self.

The US constitution's First Amendment rights only cover Americans, but I believe that in a democracy the competition of ideas and free speech should combat beliefs that it does not agree with - more speech and debate, not censorship.

There was one point in high school actually when I was on the chess team, marching band, model United Nations and debate club all at the same time. And I would spend time with the computer club after school. And I had just quit pottery club, which I was in junior high, but I let that go.

This country is about, in my judgment, aggressive, open debate. There is an old saying: When everyone is thinking the same thing, no one is thinking very much.

Another example of the educational inequality is the current debate over publicly financed school vouchers which will provide educational opportunities to a privileged handful, but deprive public schools of desperately needed resources.

I don't feel that an atmosphere of debate and total disagreement and argument is such a bad thing. It makes for a vital and alive field.