Kenneth Arrow Short Quotes

13 Sourced Quotes

View all Kenneth Arrow Quotes
The Austrian a priori dogmatism (von Mises, especially; Hayek, to a lesser degree).

Kenneth Arrow
Uncertainty means that we do not have a complete description of the world which we fully believe to be true.

Kenneth Arrow
Collective action is a means of power, a means by which individuals can more fully realize their individual values.

Kenneth Arrow
Even Ricardo's most famous accomplishment, the law of comparative advantage in foreign trade, is incomplete, though not wrong.

Kenneth Arrow
Certainly, there is no general principle that prevents the creation of an economic theory based on other hypotheses than that of rationality.

Kenneth Arrow
As is by now well known, attempts to form social judgments by aggregating individual expressed preferences always lead to the possibility of paradox.

Kenneth Arrow
Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.

Kenneth Arrow
I was a very polite person, though. Paul Samuelson tells these stories how he used to correct his professors. I assume that's true. But I wasn't that type.

Kenneth Arrow
The purpose of organizations is to exploit the fact that many (virtually all) decisions require the participation of many individuals for their effectiveness.

Kenneth Arrow
We will also assume in the present study that individual values are taken as data and are not capable of being altered by the nature of the decision process itself

Kenneth Arrow
I am old-fashioned enough to retain David Hume's view that one can never derive ought propositions from is propositions. The two issues, method and value, are distinct.

Kenneth Arrow
Studying oneself is not the most comfortable of enterprises. One is caught between the desire to show oneself in the best possible light and the fear of claiming more than one's due.

Kenneth Arrow
Krugman's whole attack is directed at a statement made neither by Arthur nor by Cassidy. Krugman has not read Cassidy's piece with any care nor has he bothered to review what Arthur has in fact said.

Kenneth Arrow