Home / Quotes / Quote by Charles Koch

Quote by Charles Koch

“You can pay certain people more money and stuff but that's just going to be a transfer from one group to another. The only way people's wages are going to rise overall, or average median income is going to rise, is if you increase productivity.”

Quote by Charles Koch

Author

Charles Koch is an American businessman, born on November 1, 1935. He is the founder and CEO of Koch Industries, one of the largest private companies in the United States. Koch Industries operates in various industries, including oil, chemicals, and forest products, and is one of the largest private companies in the world. Koch has achieved great success in the business world, but is also a controversial political donor. more

You May Also Like

“Just spreading the money around - that isn't what makes people better off; it's having more and better goods and services.”

People Goods Better Off Goods And Services

Author:Charles Koch

“What we need to work on is how to increase productivity. And then everybody will be better off.”

Needs Increase Productivity Better Off

Author:Charles Koch

“I've been blessed by learning certain principles and values that transformed my life and enabled me to accomplish more than I really had the ability to do or ever dream possible. And so I decided that I wanted to give as many other people as possible the opportunity to learn these ideas and transform their lives as I had.”

People Giving Ideas Dream Wanted Certain Values Opportunity Ability Principles Decided Blessed Accomplish Transformed Opportunities To Learn Principles And Values

Author:Charles Koch

“Our system here of creating value for others and having people do the right thing, exchange information, and so on only works if people have the right values.”

People Ifs Values Information Creating Right Thing Creating Value

Author:Charles Koch

“I try to hire people who will challenge and have the humility to be challenged - people who have basically good values.”

People Trying Values Challenges Humility Good Values

Author:Charles Koch

“If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.”

People Ifs Needs Persons Different School Deals Teach Teaching Discipline Economics Profession

Author:Charles Koch

“A university shouldn't be a place of comfort. It should be a place of discomfort because you want to disabuse these kids of whatever prejudices or preconceptions they have when they come. You're trying to get them to think and develop, not be a Johnny-one-note.”

Thinking Want Should Trying Kids Comfort Prejudice Notes University Discomfort Preconceptions

Author:Charles Koch

“Anytime students shout down a speaker who says something different, this is not good.”

Different Students Speakers

Author:Charles Koch

“What hermeneutics teaches is that progress comes from being exposed to different points of views because there's no point of view that is right for all situations and all times. And even if it's superior to the others, you can enrich it by drawing on others or thinking: "Why is that wrong and how do I improve my approach? How do I come up with a better approach?" So that's essential for innovation just like it is in technology.”

“The essence of a university is free and open inquiry, and when it loses that it is no longer a university.”

Loses Essence University Inquiry

Author:Charles Koch