Arjo Klamer

"Reciprocity is the basis of each relationship as long as the values to be exchanged are left open to interpretation. Measurement is enforced only when relationships break up. Just think of divorce pro…"

"A gift is the transfer of a good without an explicit specification of a quid pro quo. The good can be a tangible thing or money, but it also can be intangible, as in the form of time, attention, infor…"

"Money talk tends to be confusing. When people talk money, they usually think “wealth”, “costs”, “profit”, “income”, “gold”, “greed”, “time” , or something like that. In everyday discourse money symbol…"

"The euro is bad for Europe. The euro is bad for the Netherlands, it’s especially bad because it is a stimulus for politicians to kill the Welfare State. I look forward to a European economy using mult…"

"When I tried to sort out the pernicious disagreements between new classical and new Keynesian economists, I conducted a series of conversations with the protagonists . The personal differences were re…"

"The other economic camp made for quite a different story. James Tobin had already won the Nobel Prize when I spoke with him. A true gentleman, he spoke softly about his life and his Keynesian approach…"