“Downsizing itself is an inevitable part of any creatively destructive economy.” EconomyMarketingInevitableDestructiveInsightfulDownsizing Author:James Surowiecki
“Of course, presidents are always blamed or rewarded for the state of the economy.” StatesCoursesPresidentEconomy Author:James Surowiecki
“In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.” HeartMadeCountryDoneMillionsEconomyIndustryEasierUnionsWorkersOrganizedCollectivesPassagesGreat DepressionBargainingWagnerAmerican WorkersCollective Bargaining Author:James Surowiecki
“Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.” MayDifferencesEconomyImpossiblePolicyFineLateProgramTasksArguingMaking A DifferenceToo LateEconomistSkepticalStimulusTuningFiscal PolicyFine Tuning Author:James Surowiecki
“Now, modern economies have a very effective mechanism for deciding if salaries are really too high: it's called the free market. That's how most people's salaries are set, after all, including those of major-league baseball players and European soccer players.” PeopleIfsEconomyPlayerModernMajorsBaseballIncludingSoccerLeagueMechanismFree MarketSalaryBaseball PlayerMajor LeagueSoccer PlayerMajor League Baseball Author:James Surowiecki
“To be sure, if you watch CNBC all day long you'll pick up some interesting news about particular companies and the economy as a whole. Unfortunately, to get to the useful information, you have to wade through reams of useless stuff, with little guidance on how to distinguish between the two.” IfsLittlesLongTwoWholeStuffInterestingCompanyWatchesEconomyInformationParticularNewsPicksUselessGuidanceWadeSome InterestingUseful InformationUseless Stuff Author:James Surowiecki
“Unlike fuel-economy standards, the most common method of reducing demand for oil over the past thirty years, a gas tax doesn't tell people what kind of car to drive. It simply raises the price of gasoline and lets people adjust their behavior accordingly.” PeopleYearsKindPastCommonEconomyCarDemandTaxesBehaviorStandardsRaisesMethodOilThirtyFuelGasReducingThirty YearsOver The PastGasolineFuel Economy Author:James Surowiecki
“What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.” WantJobsFormValuesCompanyEconomyCostFlowInvestmentProductivityRisingGoodsWagesStock Price Author:James Surowiecki
