Author: Eric Maskin

Quotes

The theory of mechanism design can be thought of as the 'engineering' side of economic theory.

The theory of mechanism design can be thought of as the 'engineering' side of economic theory.

- Eric Maskin

There are some things that we value as a public good that the markets can't deliver, like clean air.

There are some things that we value as a public good that the markets can't deliver, like clean air.

- Eric Maskin

I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in the department.

I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in the department.

- Eric Maskin

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

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

- Eric Maskin

I choose questions to work on according to how much they excite me.

I choose questions to work on according to how much they excite me.

- Eric Maskin

Markets work well with goods that economists call private goods.

Markets work well with goods that economists call private goods.

- Eric Maskin

A properly designed tax system can strike a balance between helping the poor and, at the same time, giving people the incentive to work.

A properly designed tax system can strike a balance between helping the poor and, at the same time, giving people the incentive to work.

- Eric Maskin

The market is no god - it cannot solve every problem.

The market is no god - it cannot solve every problem.

- Eric Maskin

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.

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.

- Eric Maskin

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