Kenneth Arrow Quotes About Medical Treatment

We have collected for you the TOP of Kenneth Arrow's best quotes about Medical Treatment! Here are collected all the quotes about Medical Treatment starting from the birthday of the Economist – August 23, 1921! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Kenneth Arrow about Medical Treatment. We will be happy if you share our collection of quotes with your friends on social networks!

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The general uncertainty about the prospects of medical treatment is socially handled by rigid entry requirements. These are designed to reduce the uncertainty in the mind of the consumer as to the quality insofar as this is possible. I think this explanation, which is perhaps the naive one, is much more tenable than any idea of a monopoly seeking to increase incomes.
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Kenneth Arrow

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Kenneth Joseph Arrow (1983). “Collected Papers of Kenneth J. Arrow: Applied economics”, p.42, Harvard University Press

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