“Of course, MIT was notable not just for its faculty but also for its students. And, facing such extremely bright kids as a rookie teacher was something like being thrown to the wolves.”

“If budget planning requires gathering information from people who may not always have the incentive to disclose that information, then the principles of mechanism design can definitely be of use in...”

“Leo Hurwicz is the father of mechanism design theory and has inspired much of my work, and Roger Myerson is an old friend and collaborator and a tremendous economist.”

“What we mean by an outcome will naturally depend on the context. Thus, for a government charged with delivering public goods, an outcome will consist of the quantities provided of such goods as int...”

“That strategic rivalry in a long-term relationship may differ from that of a one-shot game is by now quite a familiar idea. Repeated play allows players to respond to each other’s actions, and so e...”

“We investigate how the degree to which credit markets are centralized affects efficiency when there is asymmetric information. Specifically, we argue that decentralization of credit may promote eff...”

“A man is not idle because he is absorbed in thought. There is visible labor and there is invisible labor.”

“If only [people] understood that every thought is both false and true! False by one-sidenedness resulting from man's inability to embrace the whole truth, and true as an expression of one fact of h...”

“Ihr redet, wenn ihr aufhrt mit euren Gedanken in Frieden zu sein.”

“Kevyn, Ennesby tells me you are building a time machine.Actually I'm finished.In one afternoon? Wow... Does it work?After a fashion....I put a whole lot of energy into it, and the next thing I knew...”

“Engineering is the continuation of politics by other means”

“Each type of knowledge has value; however, from an engineering point of view, practical knowledge seems to be more valuable than theoretical knowledge.”