Leonid Hurwicz Quotes

Leonid Hurwicz
Leonid Hurwicz
Polish Economist
Born: Aug 21, 1917
Died: Jun 24, 2008
Behavior Game Legal People Whatever You
Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell
Legal behavior is not incompatible with rational, self-interested behavior. Leonid Hurwicz
Legal Behavior Rational Incompatible
A need for enforcement implies the possibility of behavior that violates the rules of the game. The point is that if there were no possibility of violation, then you wouldn't need enforcement. Leonid Hurwicz
You Game Behavior Rules Possibility Point Implies Were Then Enforcement Violates Violation Need
Just because there are people who violate rules, behave illegally and so on, it does not mean that everybody is like that. On the contrary, if you watch certain judges, you observe that they honestly try to implement what they believe the Constitution says and just put it into effect. Leonid Hurwicz
You Constitution People Try Believe Honestly Everybody On The Contrary Rules Says Put Observe Implement Like Because Judges Does Effect Contrary Behave Just Just Because Mean Certain Who Violate Watch
There are two kinds of games in economics. One is the game where people use only legal moves. Then there is the true game, the one like real life, where the strategies and moves people make, some of them contain illegal gains. Leonid Hurwicz
Life Game Legal People Economics Real Life Kinds Some Only True Contain Like Make Real Where Moves Gains Them Then Use Games Illegal Strategies Two

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