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Quote by Michael Porter

“Efforts to preserve all industries will lower the national standard of living.”

Book:Competitive Advantage of Nations: Creating and Sustaining Superior Performance

Work

Competitive Advantage of Nations: Creating and Sustaining Superior Performance

Michael E. Porter's seminal work analyzes the dynamics of national competitive advantage, examining the role of institutions, resources, and strategies in fostering economic success. The book provides a framework for understanding how countries can achieve and sustain competitive positions in the global marketplace. more

Author

Michael Porter

Michael Porter is a renowned strategist, born on May 23, 1947. He is a professor at Harvard Business School, known for his contributions to competitive strategy and industrial analysis. more

“The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.”

Different Helping Theory Shapes Financial Accepted Equilibrium Discounts Financial Markets

Author:George Soros

“One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.”

Long Stills Economics Rational Assumption Rejected Utility Psychologist Sociologists

Book:Dangerous currents: the state of economics

Source: Dangerous currents: the state of economics

“Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.”

Doe Process Industry Investing Producers Consumers Goods Businessman Merchants

Book:BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

Source: BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…

“It is not that pearls fetch a high price because men have dived for them; but on the contrary, men have dived for them because they fetch a high price.”

Men Contrary Pearls Fetch High Prices

Author:Richard Whately

“As long as capital-both human and money-can move toward opportunity, trade will not balance.”

Humans Long Moving Opportunity Balance Trade

Book:Bits, Bytes, and Balance Sheets: The New Economic Rules of Engagement in a Wireless World

Source: Bits, Bytes, and Balance Sheets: The New Economic Rules of Engagement in a Wireless World

“Hollywood is in the perception business where you create layers to create mystery. In Silicon Valley it's about taking away the layers to get to the substance.”

Mystery Perception Hollywood Substance Valleys Layers Silicon Silicon Valley

Author:MC Hammer

“I'm not satirical in a traditional way. What I do is more about creating caricatures and cartoons. I am commentating on the nature of how we live through photography, and how you can twist an angle to create a different perception of a person.”

Way Persons Different Perception Creating Photography Traditional Angle Cartoon Twists Caricatures Satirical Different Perceptions