I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the priva...

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.

quote by Joseph E. Stiglitz
Submitted by Lucian Velea
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