Category - Eric Maskin

Discover the thoughtful Quotes of Eric Maskin, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Eric Maskin
Whether seeking thought-provoking reflections or academic wisdom, Eric Maskins words offer a rich source of intellectual inspiration. #EricMaskin Eric Maskin

Eric Maskin

There is universal consensus among experts that the earth’s atmosphere is heating up – and that we are responsible for it by putting carbon dioxide in the atmosphere. We also know that the consequences of global warming are catastrophic. But how do we make sure that all countries reduce greenhouse gases?

– Eric Maskin

Eric Maskin

This may not be the most serious problem in the world, but it is a familiar one: How do you divide a piece of cake equally between two children and also make sure that each of them sees it as a fair division?

– Eric Maskin

Eric Maskin

Leo Hurwicz is the father of mechanism design theory and has inspired much of my work, and Roger Myerson is an old friend and collaborator and a tremendous economist.

– Eric Maskin

Eric Maskin

The Nobel Prize is not very important for the winners – they are usually pretty successful people already. But it is valuable as a way of drawing the public’s attention to important work in economics.

– Eric Maskin

Eric Maskin

How do we ensure in the case of public goods that they are provided at all, and that they are provided at the right level, taking into account citizens’ preferences?

– Eric Maskin

Eric Maskin

If I buy a car, I use the car, you don’t, and the market for cars works pretty well. But there are many other sorts of goods, often very important goods, which are not provided well through the market. Often, these go under the heading of public goods.

– Eric Maskin

Eric Maskin

Markets work well with goods that economists call private goods.

– Eric Maskin

Eric Maskin

The market doesn’t work very well when it comes to public goods.

– Eric Maskin

Eric Maskin

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

– Eric Maskin

Eric Maskin

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.

– Eric Maskin

Eric Maskin

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.

– Eric Maskin

Eric Maskin

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.

– Eric Maskin

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