“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.” PeopleIfsMeanMightCompanyMillionsProductsCostDollarsProfitEfficientIncentivesMillion DollarsIlliterate Author:Thomas Sowell
“Most innovations, unfortunately, actually increase the net costs of the healthcare system. There's a few, particularly having to do with chronic diseases, that are an exception. If you could cure Alzheimer's, if you could avoid diabetes - those are gigantic in terms of saving money. But the incentive regime doesn't favor them.” IfsTermCostDiseaseIncreaseInnovationFavorsCuresSavingExceptionRegimesHealthcareIncentivesSaving MoneyDiabetesAlzheimerAlzheimer's Author:Bill Gates
“Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing if not eliminating altogether any economic reason to 'push' drugs on children.” IfsChildrenReasonMightLawRiskEconomicStreetsInvolvedCostDrugCriminalsRemoveQuartersFree MarketIncentivesReducingHeroinSpoonsEliminatingDrug LawsRepealingCrashing Down Author:L. Neil Smith
“Clearly, we need more incentives to quickly increase the use of wind and solar power; they will cut costs, increase our energy independence and our national security and reduce the consequences of global warming.” NeedsUseEnergyCuttingSecurityWindCostConsequenceIncreaseIndependenceGlobal WarmingNational SecurityIncentivesSolar PowerAlternative EnergyEnergy Independence Author:Hillary Clinton
“We simply prefer to deny death or tragedy at all costs and, with it, a fundamental aspect of life. We do this instead of acknowledging that suffering represents one of the strongest incentives of life, which is the base of human solidarity and what brings intensity to happiness.” HumansSufferingCostAspectTragedyFundamentalsDenyStrongestIntensitySolidarityIncentivesAspects Of Life Author:Claudia Llosa
“Refugees cost us money too when they come to us. If we improve their living conditions in Turkey, we create an incentive for them to stay there and not to place their fates in the hands of smugglers.” IfsHandsFateConditionsCostRefugeeIncentivesTurkeysSmugglersLiving Conditions Author:Martin Schulz
“We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.” NeedsAbleJobsPayStudentsCollegeCostDegreesAreasGraduatesIncentivesLoanGraduate Students Author:Elizabeth Warren
“Anyplace market forces have been artificially removed by the government there is a total absence of incentives, competition, effective oversight, cost controls and so on.” Has BeensGovernmentForceCostCompetitionAbsenceIncentivesOversight Author:Ann Coulter
“Every company that manufactures something is causing some damage either to the soil or water or air. Most companies treat these as externalities. But the growing movement of sustainability calls for companies to internalize these costs. Once companies do this, they will have a strong incentive to reduce their carbon footprint.” StrongWaterCompanyGrowingAirMovementCostTreatsDamageSoilSustainabilityCarbonIncentivesFootprintCarbon FootprintExternalities Author:Philip Kotler
“All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.” StrongGrowsCostLowsLaborManagementIncludingEnterpriseExecutivesIncentivesProfitable Author:Kevin O'Leary