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Economic Quotes

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Economic Quotes

“But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.”

Light Action Term Economy Economic Information Exercise Agents Ruling Incentives Transmit

Book:The Republic of Science, Its Political and Economic Theory: A Lecture Delivered at Roosevelt University, January 11, 1962

Source: The Republic of Science, Its Political and Economic Theory: A Lecture Delivered at Roosevelt University, January 11, 1962

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“With the increasingly important role of intelligent machines in all phases of our lives--military, medical, economic and financial, political--it is odd to keep reading articles with titles such as Whatever Happened to Artificial Intelligence? This is a phenomenon that Turing had predicted: that machine intelligence would become so pervasive, so comfortable, and so well integrated into our information-based economy that people would fail even to notice it.”

Source: The Age of Spiritual Machines: When Computers Exceed Human Intelligence

“Countries that censor news and information must recognize that from an economic standpoint, there is no distinction between censoring political speech and commercial speech. If businesses in your nations are denied access to either type of information, it will inevitably impact on growth.”

Ifs Country Political Nations Growth Economic Information Type Speech News Impact Access Distinction Denied Freedom Of Speech Standpoint Censoring Political Speeches

Author:Hillary Clinton

“Well, there's a question as to what sort of information is important in the world, what sort of information can achieve reform. And there's a lot of information. So information that organizations are spending economic effort into concealing, that's a really good signal that when the information gets out, there's a hope of it doing some good...”

World Wells Important Effort Economic Achieve Information Organization Spending Reform Signals Concealing

Author:Julian Assange

“Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.”

Form Causes Economic Information Speech Essentials Rising Reports Wages Inflation Rising Prices

Author:Walter Wriston

“Reality is much more complex than any judgment of right and wrong encourages you to believe. When you really understand the ethical, spiritual, social, economic, and psychological forces that shape individuals, you will see that people's choices are not based on a desire to hurt. Instead, they are in accord with what they know and what world views are available to them. Most are doing the best they can, given what information they've received and what problems they are facing.”

“The major impediment to experiencing the sacred depths of ordinary moments is the speed and distraction of contemporary life that moves to the imperatives of the global economic order.In addition, we increasingly live in a virtual world in which our reality is filtered through media and information technology.”

“A variety of national and international studies indicate that the broad-based deployment of information technology can have a substantial impact on our nation's economic productivity and growth as well as the educational and social success of our citizens.”

Wells Nations Social Growth Technology Study Economic Information Citizens Impact International Educational Productivity Variety Broads Information Technology Deployment Internet Technology

Author:Tim Holden

“I have to say, I think that we are in some kind of final examination as to whether human beings now, with this capability to acquire information and to communicate, whether we're really qualified to take on the responsibility we're designed to be entrusted with. And this is not a matter of an examination of the types of governments, nothing to do with politics, nothing to do with economic systems. It has to do with the individual. Does the individual have the courage to really go along with the truth?”

“There's no question that the US is engaged in economic spying. If there's information at Siemens that they think would be beneficial to the national interests, not the national security of the United States, they'll go after that information and they'll take it.”

Ifs Thinking States Would Be Interest United United States Economic Security Information Engaged National Security Beneficial National Interests

Author:Edward Snowden

“The information glut has become a ruling cliche. As all resources - from energy to information - become more abundant, the presure of economic scarcity falls ever more heavily on one key residual, and that single shortage looms ever more stringent and controlling. The governing scarcity of the information economy is time: the shards of a second, the hours in a day, the years in a life, the latency of memory, the delay in aluminum wires, the time to market, the time to metastasis, the time to retirement.”

Years Fall Energy Hours Memories Economy Economic Information Keys Resources Retirement Delay Ruling Wire Cliche Governing Shortage Scarcity Aluminum Residual

Author:George Gilder

“A [spatial, temporal] work had only to be exhibited in a gallery and then written about and reproduced as a photograph in an art magazine. Then this record of the no longer extant installation, along with accretions of information after the fact, became the basis for its fame, and to a large extent its economic value.”

Art Facts Values Records Written Economic Information Fame Bases Photograph Magazines Gallery Spatial Installation Economic Value

Author:Dan Graham