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Google will make us more informed. The smartest person in the world could well be behind a plow in China or India. Providing universal access to information will allow such people to realize their full potential, providing benefits to the entire world.

Hal Varian
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Schumpeter emphasizes a demand-side explanation for such clustering of innovation. One might also consider a complemen tary supply-side explanation: since innovators are, in many cases, working with the same components, it is not surprising to see simultaneous innovation, with several innovators coming up with essentially the same invention at almost the same time. There are many well-known examples, including the electric light, the airplane, the automobile, and the telephone.

Hal Varian
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Arrow's Impossibility Theorem is quite surprising. It shows that three very plausible and desirable features of a social decision mechanism are inconsistent with democracy: there is no perfect way to make social decisions. There is no perfect way to aggregate individual preferences to make one social preference. If we want to find a way to aggregate individual preferences to form social preferences, we will have to give up one of the properties of a social decision mechanism described in Arrow's theorem.

Hal Varian
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If a train stops at a train station, what do you think happens at a work station?

Hal Varian

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What we observe is not nature itself but nature exposed to our method of questioning. Our scientific work in physics consists in asking questions about nature in the language that we possess and trying to get an answer from experiment by the means that are at our disposal.
Werner Heisenberg

Hal Varian

Hal Varian
Creative Commons

Born: March 18, 1947 (age 78)
Bio: Hal Ronald Varian is an economist specializing in microeconomics and information economics.
Known for:
  1. Microeconomic Analysis (1978)
  2. Workouts in Intermediate Microeconomics (1987)
  3. Intermediate Microeconomics with Calculus (2014)

WikipediaHal Varian on Wikipedia

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