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.

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.

I did work out every day. I needed it to have the endurance to do what needed to be done and not get hurt. I have such a new respect for action stars now.

I mean the only thing that is hopefully good about us is after the arguments we can actually still face each other the next day or the day after and talk about something else and sort of get over it.

My favorite singer to this day is Nat King Cole. I've tried to emulate his phrasing. It is so absolutely beautiful to listen to his lovely voice.

I want to have babies one day but not right now. When I do it I want to do it really well. I want it to be my best project in life.

I think I've become a much better singer and a much better player. Years and years of playing a couple of hours every day will do that.

I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day.

I just wrote one song at a time. Kinda like an alcoholic. One day at a time.

Working mothers do an hour more per day than working fathers do and working mothers do on average an hour more per day with the kids than working fathers do.

When it is time to get to work, I go away completely and don't do anything except the work. And that can be 16 hours a day.

George Pal had total control, and he was there on the set every day. You never met a more charming man in your entire lifetime - what a lovely gentleman.

I'll tell you what I did need to learn was tolerance, and I think I've been actually given a daily opportunity to practice that, and it's - it's - and I know that that sounds almost like a backhanded slap, and it is in a way because I haven't been successful at it every day.

Since the beginning, I always loved the game. When you grow up in Montreal, one day you want to be a professional hockey player. When I was six or seven, I knew that was what I wanted.

Depending on what day of the week it is and what time of the month it is, I'm a good friend or not a good friend. I'm more or less a good mom or not a good mom, more or less a good mate or not a good mate. That's just life, whether or not you're public.

Even if you walk exactly the same route each time - as with a sonnet - the events along the route cannot be imagined to be the same from day to day, as the poet's health, sight, his anticipations, moods, fears, thoughts cannot be the same.

A play is much easier to maintain your personal life with because if you're rehearsing, you're working like from 11 to 6 or 11 to 5 and you get to have your whole morning and your whole evening. When you're doing the play, you have all day.

I'd like to one day play Amanda, the mother, in The Glass Menagerie.

Even a stopped clock is right twice a day.

I'm working harder than ever now, and I'm putting on my pants the same as I always have. I just get up every day and try to do a little better than the day before, and that is to run a great restaurant with great food, great wine, and great service. That's my philosophy.

Failure happens all the time. It happens every day in practice. What makes you better is how you react to it.

The day cold and fair with a high easterly wind: we were visited by two Indians who gave us an account of the country and people near the Rocky mountains where they had been.

Color is my day-long obsession, joy and torment.

The Pawnee chief had left the village the day after the doctor arrived, with 50 or 60 horses and many people, and had taken his course to the north of our route.

To me, every hour of the day and night is an unspeakably perfect miracle.

That music and the lyrical aspects of Razorblade Romance is so personal to me that, now with me being grown up a bit and meeting new people and doing new things, it makes me look at the same things I was writing about back in the day through a different colored lens.

The things in my songs are the edited highlights of my life. I don't go seeking out strange sexual experiences every day of the week.