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Quote by Kenneth Arrow

“I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds or internal financing but not really equity. And therefore, it's not clear that anything which improves the equity markets has really much to do with the productivity of the economy as a whole.”

Quote by Kenneth Arrow

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Kenneth Arrow
Kenneth Arrow

Kenneth Arrow, born on August 23, 1921 in New York, USA, was a distinguished economist. He made significant contributions to the field of economics, particularly in general equilibrium theory and welfare economics. Arrow was awarded the Nobel Prize in Economic Sciences in 1972 for his pioneering contributions to the economic sciences. more

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