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Quote by Jeff Bezos

Author

Jeff Bezos
Jeff Bezos

Jeff Bezos is an American entrepreneur and the founder of Amazon, one of the world's largest online retailers. Born on January 12, 1964, Bezos has been a pioneer in the e-commerce industry, transforming the way people shop and conduct business online. His business acumen has led Amazon to expand into various sectors, including cloud computing, digital streaming, and artificial intelligence, establishing it as a global leader. more

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“This world of ours is a new world, in which the unit of knowledge, the nature of human communities, the order of society, the order of ideas, the very notions of society and culture have changed, and will not return to what they have been in the past. What is new is new, not because it has never been there before, but because it has changed in quality.”

“The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.”

“Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.”

“Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.”