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 adaptability helps us grow.

Theme

Reflections on life reveal how universal the theme is. It resonates since people seek purpose and clarity and teaches that every stage of life offers lessons.

About the Author

Kenneth Joseph Arrow is frequently cited for statements exploring universal ideas. This quote reflects themes related to life.

Style and Structure

Its rhythmical and compact form uses contrast to strengthen the statement.

FAQ

What does this quote mean?
life unfolds in unexpected ways.

Why is it popular?
It speaks clearly about life, making it widely relatable.

How can it be applied?
It encourages us to we focus on the present moment.