Best economics & information Quotes | Short & Famous Sayings

“In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.”

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

“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

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

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

“The most successful people in life have the best information”

People Business Successful Information Economics Management Successful People

Book:The Sunfood Diet Success System

Source: The Sunfood Diet Success System

“Our goal is not to assume leadership of existing institutions, but rather to render them irrelevant. We don't want to take over the state or change its policies. We want to render its laws unenforceable. We don't want to take over corporations and make them more 'socially responsible.' We want to build a counter-economy of open-source information, neighborhood garage manufacturing, permaculture, encrypted currency and mutual banks, leaving the corporations to die on the vine along with the state. We do not hope to reform the existing order. We intend to serve as its grave-diggers.”

“as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.”

Thinking Hard Truth Views Information Truth Is Economics Data Professors Free Thought Sniffing

Author:Paul Krugman

“I saw that publishing all over the world was deeply constrained by self-censorship, economics and political censorship, while the military-industrial complex was growing at a tremendous rate, and the amount of information that it was collecting about all of us vastly exceeded the public imagination.”

World Self Political Imagination Saws Growing Military Information Amount Economics Complexes Rate Censorship Publishing Collecting Military Industrial Complex Self Censorship

Author:Julian Assange

“Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?”

Giving Should Facts Cases Information Ignorance Theory Economics Scientist Expected Precise

Author:Friedrich August von Hayek

“There is a central difference between the old and new economies: the old industrial economy was driven by economies of scale; the new information economy is driven by the economics of networks.”

Differences Economy Information Economics Driven Scales Collaboration New Information Old And New

Book:Information Rules: A Strategic Guide to the Network Economy

Source: Information Rules: A Strategic Guide to the Network Economy

“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.”

Way Years Certain Grows Wonderful Risk Information Internet Advantage Years Ago Economics Threat Newspapers Mediums Certainty Alternatives Fabulous Dominance

Author:Charlie Munger

“The reason for the success of this somewhat communist-sounding strategy, while the failure of communism itself is visible around the world, is that the economics of information are fundamentaly different from those of other products.”

World Different Reason Information Products Economics Strategy Around The World Communism Visible Communist

Author:Bruce Perens

“Try this thought experiment. Pretend you're a tyrant. Among your many liberty-destroying objectives are extermination of blacks, Jews and Catholics. Which would you prefer, a United States with political power centralized in Washington, powerful government agencies with detailed information on Americans and compliant states or power widely dispersed over 50 states, thousands of local jurisdictions and a limited federal government?”

“In the new economy, information, education, and motivation are everything.”

Motivational Motivation Business Economy Information Self Improvement Economics Business Success

Book:Public Papers of the Presidents of the United States: William J. Clinton, 2000-2001

Source: Public Papers of the Presidents of the United States: William J. Clinton, 2000-2001

“In today's knowledge-based economy, what you earn depends on what you learn. Jobs in the information technology sector, for example, pay 85 percent more than the private sector average.”

Source: Public Papers of the Presidents of the United States: William J. Clinton, 2000-2001

“Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use their knowledge for their purposes, because nobody else possesses the information”

Self Use Purpose Process Interest Information Discovery Economics Competition Producers Rely Self Interest Experimentation

Author:Friedrich August von Hayek

“The river of my title is a river of DNA, a river of information, not a river of bones and tissues”

Information Economics Rivers Bones Titles Dna Tissues

Book:River Out of Eden: A Darwinian View of Life

Source: River Out of Eden: A Darwinian View of Life

“As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.”

Problem Pay Information Return Concerned Economics Difficulty Insight Lectures Nobel

Author:Joseph Stiglitz

“A favorite Wired icon for the information feedback loop, a dragon curling in a circle to swallow its own tail, could become more apt as a symbol of the timeless libertarian paradox: Monopoly verging on feudalism emerges from unregulated competition to bite libertarianism in the posterior.”

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