Auctions are a microcosm of how markets function—information, competition, and incentives all interact.

The world is not run from where he thinks. Not from castle walls, but from countinghouses, not by the call of the bugle but by the click of the abacus, not by the grate and click of the broadsword but by the scrape of the pen.

我的作品是我对生活的理解。

好的市场设计能让个人激励与社会效率保持一致。