Evolutionary theory tends to explain quite well in retrospect how various species emerged. It's not very good on … - Kenneth Arrow

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I also know that we should cultivate our gardens.

Kenneth Arrow

Evolutionary theory tends to explain quite well in retrospect how various species emerged. It's not very good on prediction. Nevertheless, one cannot say that there isn't a lot of knowledge that's been obtained in this field. In the same way, with these complex physical phenomena between solid state physics, you can say a lot of things without necessarily knowing the next step.

Good, Knowing, Next, Physics, Solid, Steps

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My undergraduate education, at the City College in New York, was made possible only by the existence of that excellent free institution and the financial sacrifices of my parents.

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My graduate study was interrupted, like that of many others, by World War II.

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Economics in college was very poor; I was not very impressed with it. I actually wanted to study statistics. I discovered mathematical statistics as an undergraduate and was fascinated with it.

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I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to economics; it's equally true with physics or biology. A graduate education has become a more career-oriented thing, and part of that is because of the need for funding. In fact, that's a much worse problem in the natural sciences than it is in economics. So you can't even do your work in the natural sciences, particularly, and even to some extent in economics, without funding.

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I think that systems that are based on employment are illogical and attempts to meet them create all sorts of unnecessary complexities.

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