As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.
Joseph Stiglitz
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Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
- Joseph Stiglitz -
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The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
- Joseph Stiglitz