I was born in New York City but grew up across the Hudson River in Alpine, New Jersey.
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.
The market doesn't work very well when it comes to public goods.
The theory of mechanism design can be thought of as the 'engineering' side of economic theory.
Through meteorology, we know essentially how hurricanes form, even though we can't say where the next storm will arise.
The market is no god - it cannot solve every problem.
I choose questions to work on according to how much they excite me.
Devising a mechanism is a lot like solving a puzzle - and gives you the same kind of kick.
I don't want to make public statements about issues that I have not studied in detail.
I entered economics because of a course I took on 'information economics,' which I found fascinating.
I have a strong attachment to Harvard.
There are some things that we value as a public good that the markets can't deliver, like clean air.
Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.
In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.
