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In 1963 and later papers, I pointed out that the special market ch

In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved. – Kenneth Joseph Arrow

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Other Quotes from
Medical
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It is a good thing for a physician to have prematurely grey hair and itching piles. The first makes him appear to know more than he does, and the second gives him an expression of concern which the patient interprets as being on his behalf. – A. Benson Cannon

Category:
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Im 86 and my doctor used to tell me to slow down – at least he did until he dropped dead. – Cesar Romero

Category:
Medical

My diminished girth, in tailor phraseology, was hardly conceivable even by my own friends, or my respected medical adviser, until I put on my former clothing, over what I now wear, which is a thoroughly convincing proof of the remarkable change. – William Banting

Category:
Medical

After he was assassinated, his family and the men who had served him continued the lying and began the destruction, censoring and hiding of JFKs medical records. – Richard Reeves

Category:
Medical

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Too much traffic with a quotation book begets a conviction of ignorance in a sensitive reader. Not only is there a mass of quotable stuff he never quotes, but an even vaster realm of which he has never heard. – Robertson Davies

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