[Comics is] one of the last havens for honesty when it comes to a reader's genuine response to art. Most of us, if we don't find any sympathy or pleasure, for example, in a modern painting, are likely to blame our own ignorance of the history and theory of painting. But nobody pretends to like a bad comic strip. Such harshness is necessary for any real truth to surface, I think, and for art to really contribute anything to life. Though I don't know. I could be wrong.
Kenneth Arrow
There are all sorts of institutions in the economic world which depart from the simple price
market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.
