- Every
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- Nov 07, 2020
Eric Maskin Quotes
Most Famous Eric Maskin Quotes of All Time!
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- Last Updated on May 30, 2021
- Embrace
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- Nov 07, 2020
Most policy makers embrace a religious-like belief that the market can and should solve every problem.
- Good
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- Nov 07, 2020
It wasn't that Harvard was deliberately trying to overwork me, but I think I had a tendency to take on more things out of enthusiasm than were good for me.
- Harvard
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- Nov 07, 2020
I have a strong attachment to Harvard.
- Money
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- Nov 07, 2020
If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans.
- Detail
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- Nov 07, 2020
I don't want to make public statements about issues that I have not studied in detail.
- Big
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- Nov 07, 2020
Many markets work best with little or no outside interference. But others - especially those subject to big 'externalities' - need a helping hand.
- Now
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- Nov 07, 2020
When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to this borrower. They are now less likely to be repaid and so can't as readily lend to their own customers.
- Government
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- Nov 07, 2020
If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent, e.g. subprime loans with little prospect of repayment.
- Make
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- Nov 07, 2020
A contingent bailout policy - implicit or explicit - must be coupled with some regulation of what banks can and cannot do. For example, a ban on lending to uncreditworthy customers might well make sense.
- Progress
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- Nov 07, 2020
Specifically, in the software industry, progress is highly sequential: progress is typically made through a large number of small steps, each building on the previous ones.
- Innovation
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- Nov 07, 2020
In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.
- Go
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- Nov 07, 2020