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We are often less grieved at disappointments than at ourselves for having said much concerning the certainty of our expectations.

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Kenneth Arrow

My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents.

College, Existence, New York, Possible, Sacrifice, Undergraduate
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My graduate study was interrupted, like that of many others, by World War II.

Graduate, Study, War, World

Economics in college was very poor; I was not very impressed with it. I actually wanted to study statistics. I discovered mathematical statistics as an undergraduate and was fascinated with it.

College, Discovered, Statistics, Study

I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to economics; it's equally true with physics or biology. A graduate education has become a more career-oriented thing, and part of that is because of the need for funding. In fact, that's a much worse problem in the natural sciences than it is in economics. So you can't even do your work in the natural sciences, particularly, and even to some extent in economics, without funding.

50S, Careers, Compared, Early, Special, Thinking

I think that systems that are based on employment are illogical and attempts to meet them create all sorts of unnecessary complexities.

Employment, Illogical, Sorts, Thinking, Unnecessary

There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I was assuming people vote sincerely. The trouble with methods where you have three or four classes, I think if people vote sincerely they may well be very satisfactory. The problem is the incentive to misrepresent your vote may be high.

Class, High, People, Thinking, Trouble
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