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Quote by William Vickrey

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Public Economics: Selected Papers by William Vickrey

Public Economics: Selected Papers by William Vickrey is a comprehensive compilation of the academic works of William Vickrey, a Nobel laureate in Economic Sciences. The book delves into the intricacies of public economics, exploring topics such as the provision of public goods, the design of economic policies, and the role of government in economic decision-making. The papers within this collection reflect Vickrey's influential contributions to the field, offering insights into the economic theories and practices that shape public policy. more

Author

William Vickrey
William Vickrey

William Vickrey was a Nobel Prize-winning economist renowned for his contributions to auction theory. His research in economics had a profound impact on modern auction practices. more

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“Our daily life is mostly, made of cases in which we lose money and/or time and/or energy and/or appetite, cheerfulness and good health because of the improbable action of some preposterous creature who has nothing to gain and indeed gains nothing from causing us embarrassment, difficulties or harm. Nobody knows, understands or can possibly explain why that preposterous creature does what he does. In fact there is no explanation - or better there is only one explanation: the person in question is stupid.”