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.

In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.

Prediction is certainly a valuable goal in science, but not the only one. Explanation is also important, and there are plenty of sciences that do a lot of explaining and not much predicting.

I don't want to make public statements about issues that I have not studied in detail.

I think 'The Color of Money' was very instrumental in opening up other opportunities. People started to recognize me as an artist after that film. And then, after I did 'Bird,' it was more solidified.

The Bolsheviks started not just on the killing of private property; they were trying to abolish money itself.

I had seventeen No. 1 songs and I didn't see anything like that kind of money.

My mom, her money going was straight to the bills.