Phrase by 'Eric Maskin'
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At Tenafly High, I was lucky to have some dedicated teachers; I'm especially indebted to my calculus instructor, Francis Piersa, who opened my eyes to the striking beauty of mathematics.
Author: Eric Maskin - American EconomistEyes , Beauty , Teachers , Mathematics
I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in the department.
Author: Eric Maskin - American EconomistMe , Time , Brother , Big Brother
Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate.
Author: Eric Maskin - American EconomistWork , Social , Explain , Economic
The theory of mechanism design can be thought of as the 'engineering' side of economic theory.
Author: Eric Maskin - American EconomistThought , Engineering , Side , Design
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 intercity highways, national defense and security, environmental protection, and public education together with the arrangements by which they are financed.
Author: Eric Maskin - American EconomistEducation , Will , Together , Environmental
Because mechanism designers do not generally know which outcomes are optimal in advance, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed must generate the information needed as they are executed.
Author: Eric Maskin - American EconomistMore , Know , Because , Information
Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.
Author: Eric Maskin - American EconomistAlways , Pretty , Good , Economic
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 such planning.
Author: Eric Maskin - American EconomistPeople , Always , Information , Design
I entered economics because of a course I took on 'information economics,' which I found fascinating.
Author: Eric Maskin - American EconomistBecause , Found , Information , Economics
I think I have met nearly all the Laureates in Economics. Among the few I haven't met, I suppose I'd most like to meet Ronald Coase because of his legendary power to persuade his colleagues of the validity of the Coase Theorem.
Author: Eric Maskin - American EconomistThink , Power , Colleagues , Economics
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