If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans.

More Quotes by Eric Maskin

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

I entered economics because of a course I took on 'information economics,' which I found fascinating.

Through meteorology, we know essentially how hurricanes form, even though we can't say where the next storm will arise.

I'm not a housing market expert, and I don't want to pretend to be one.

Most policy makers embrace a religious-like belief that the market can and should solve every problem.

I was born in New York City but grew up across the Hudson River in Alpine, New Jersey.