Kenneth Arrow on Justice
Browse 3 quotations attributed to Kenneth Arrow, catalogued under justice, with dates where available.
This page displays 3 quotations attributed to Kenneth Arrow and filed under "justice" in QuoteLineage. The selection is ordered by stored importance and quality scores, not citation counts. A topic label describes how an entry is catalogued; it does not establish the theme's importance in the author's work.
Attributed to Kenneth Arrow, entry #182739: "Even Ricardo's most famous accomplishment, the law of comparative advantage in foreign trade, is incomplete, though not wrong."
Attributed to Kenneth Arrow, entry #106752: "Trust is an important lubricant of a social system. It is extremely efficient; it saves a lot of trouble to have a fair degree of reliance on other people's word. Unfortunately th…"
3 Quotes by Kenneth Arrow on Justice
"Even Ricardo's most famous accomplishment, the law of comparative advantage in foreign trade, is incomplete, though not wrong."
"Trust is an important lubricant of a social system. It is extremely efficient; it saves a lot of trouble to have a fair degree of reliance on other people's word. Unfortunately this is not a commodity which can be bought very easily. If you have to buy it, you already have some doubts about what you have bought."
"The choice among these alternatives in any given case depends on the degree of difficulty consumers have in making the choice unaided, and on the consequences of errors of judgment. It its the general social consensus, clearly, that the laissez-faire solution for medicine is intolerable. The certification proposal never seems to have been discussed seriously."