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

The essence of this quote lies in its reflection on life. It points to the idea that life rarely follows a perfect plan and invites us to consider how we stay open to change.

Theme

The concept of life has always been central to human experience. People explore it because people seek purpose and clarity. Such quotes show that every stage of life offers lessons.

About the Author

The quote is attributed to Kenneth Joseph Arrow, whose words are often shared for their simplicity and clarity. Many readers connect their sayings with themes like life.

Style and Structure

The quote builds on a contrast between expectation and reality, giving it emotional and intellectual impact.

FAQ

What is the message?
life rarely follows a perfect plan.

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

What can we learn?
we stay open to change is an important part of daily life.