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Economics Quotes

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Economics Quotes

“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.”

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

“One other thing: at the meeting in Canada, [there was] the coup in Fiji. This comes to an important part of the Commonwealth: the role of the Queen [Elizabeth II]. I had absolutely just enormous respect for her as leader of the Commonwealth. You could talk to her about any of the fifty-one countries of the Commonwealth and you could have an intelligent conversation with her about the economics, the politics. She really immersed herself in the Commonwealth.”

Important Country Leader Roles Conversation Economics Intelligent Meetings Enormous Queens Fifty Canada Commonwealth Coups Fiji Queen Elizabeth Elizabeth Ii Intelligent Conversation

Author:Bob Hawke

“If your actions create a legacy that inspires others to dream more, learn more, do more and become more, then, you are an excellent leader.”

“Your role as a leader is even more important than you might imagine. You have the power to help people become winners.”

People Important Helping Might Business Leader Roles Learning Teacher Imagine Economics Management Winner Teachers Day

Book:The Heart of a Leader

Source: The Heart of a Leader

“Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.”

Knows Country Political Liberty Leader Solutions Economics Libertarian Favors Socialism Tunes Cheer Capitalist Collapse Libertarianism Other Countries Socialist Political Leaders

Book:Free to Choose: A Personal Statement

Source: Free to Choose: A Personal Statement

“One of the most important responsibilities of leaders in any setting - including business organisations - is to tell us our own story; to explain us to ourselves; to help us weave some meaning and purpose into the fabric of our lives; to illuminate our understanding of where we have come from; to paint word pictures of our future onto which we can project our aspirations.”

“Republican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed's plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren't lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.”

“Strong leaders understand that action cures indecision”

Action Strong Business Leader Economics Management Cures Indecision Strong Leaders

Author:Toyotomi Hideyoshi

“Learning to be an effective leader is no different than learning to be an effective person. And that's the hard part”

Persons Different Hard Business Leader Economics Management

Author:Warren G. Bennis

“Legislators who are of even average intelligence stand out among their colleagues. . . . A cultured college president has become as much a rarity as a literate newspaper publisher. A financier interested in economics is as exceptional as a labor leader interested in the labor movement. For the most part our leaders are merely following out in front; they [only] marshal us in the way that we are going.”

Source: The Spoor of Spooks: And Other Nonsense

“But the thought leaders on talk radio and Fox do more than shape opinion. Backed by their own wing of the book-publishing industry and supported by think tanks that increasingly function as public-relations agencies, conservatives have built a whole alternative knowledge system, with its own facts, its own history, its own laws of economics.”

“You always want to try to make something new, and, of course, America is the world leader in economics today.”

World Want Trying Today America Courses Leader Economics Something New World Leader

Author:Tadao Ando