Quote by Kenneth Arrow
"The greatest fallacy in economics is assuming that what is individually rational is socially beneficial."
"The greatest fallacy in economics is assuming that what is individually rational is socially beneficial."
"It is impossible to be logical about illogical things."
"The most important thing is that the two people really do love each other."
"Social choice theory is concerned with the aggregation of individual preferences into a collective decision."
"I think it is appropriate to have an implicit social contract."