In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.

Meaning

This quote articulates a concise principle related to life. It hints that life unfolds in unexpected ways and reminds us that unexpected events often teach us.

Theme

Across cultures, life remains a recurring subject. Many reflect on it since people seek purpose and clarity. This quote fits that tradition, highlighting that every stage of life offers lessons.

About the Author

A number of familiar sayings are associated with Kenneth Joseph Arrow. This one stands out due to its focus on life.

Style and Structure

This compact statement communicates its message without unnecessary detail, supported by contrast.

FAQ

What is the message?
life unfolds in unexpected ways.

Why is it shared?
It captures a universal truth about life.

What can we learn?
we focus on the present moment is an important part of daily life.