Best economics & products Quotes | Short & Famous Sayings

“It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.”

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

“When all of your decisions are based on economics, you end up with a sameness of vision. You're not taking the risks, you're not exploiting the passions of your creators. You're manufacturing product for a huge vending machine.”

Ends Passion Decision Vision Risk Products Huge Economics Machines Creator Manufacturing Sameness Vending Machines

Author:Steven Bochco

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

States Government Political Certain Results Money Existence Power Economic Products Authority Economics Independent Invention Commodity Legislation Sanctions

Author:Carl Menger

“The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth -- he could at the same time and by the same means adventure his wealth in the natural resources and new enterprise of any quarter of the world -- he could secure forthwith, if he wished, cheap and comfortable means of transit to any country or climate without passport or other formality.”

“I think the world is becoming more global. Because of economics, you have to feed the demographics that are buying your product.”

Thinking World Products Becoming Economics Buying Becoming More Demographics

Author:Sung Kang

“The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.”

Ifs Country Products Percent Economics West Collapse Economist Gross

Book:The Beauty Myth: How Images of Beauty Are Used Against Women

Source: The Beauty Myth: How Images of Beauty Are Used Against Women

“Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.”

Simple Company Products Return Cost Drug Economics Dollars Complexes Billions Traditional Sufficient Expensive Fund Venture Pharmaceutical Tailored

Author:David Mixner

“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

“Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before.”

Source: Blue Mars

“All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out”

People May Turns Fighting Pay Liberty Economic Products Capitalism Economics Zeal Homage

Book:The Ultimate Foundation of Economic Science: An Essay on Method

Source: The Ultimate Foundation of Economic Science: An Essay on Method

“In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he’s unable to prevent himself from being continually dominated.”

Kind Doe Hands Products Economics Population Credit Debt Customers Nightmare Neighborhood Cracks Engines Bubbles Brutal Efficiency Ghetto Heroin Dope Casinos Scams

Author:Matt Taibbi

“A society that robs an individual of the product of his effort ... is not strictly speaking a society, but a mob held together by institutionalized gang violence.”

Together Individual Effort Liberty Violence Economic Products Economics Libertarian Libertarianism Gang Individual Liberty Gang Violence

Author:Ayn Rand

“Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.”

Liberty Economic Produce Products Capitalism Economics Producers Free Market Free Market Capitalism

Book:The Logic of Action Two: Applications and Criticism from the Austrian School

Source: The Logic of Action Two: Applications and Criticism from the Austrian School

“You know, if government were a product, selling it would be illegal. ... Government contains impure ingredients - as anybody who's looked at Congress can tell you. ... government practices deceptive advertising. And the merest glance at the federal budget is enough to convict the government of perjury, extortion, and fraud. ... in a nutshell: government should be against the law. Term limits aren't enough. We need jail.”

“Our whole economy is based on planned obsolescence...we make good products, we induce people to buy them, and then the next year we deliberately introduce something that will make these products old-fashioned, out of date, obsolete.”

People Years Whole Next Economy Products Economics Introducing Old Fashioned Next Year Obsolete Obsolescence Planned Obsolescence

Author:Brooks Stevens

“In order to make a perfect and beautiful machine, it is not requisite to know how to make it. All the works of human genius can be understood in the end to be products of a cascade of generate-and-test procedures that are, at bottom, algorithmic and mindless.”

Knows Humans Ends Beautiful Order Perfect Know How Products Genius Understood Economics Tests Machines Bottom Procedures Mindless Cascade

Author:Daniel Dennett

“What must never be lost sight of is that a public functionary, in his capacity as functionary, produces absolutely nothing; that, on the contrary, he exists only on the products of the industrious class; and that he can consume nothing that has not been taken from the producers.”

Philosophy Political Lost Class Taken Produce Products Capacity Economics Sight Contrary Producers Absolutely Nothing Industrious

Author:Charles Dunoyer

“What does a tax do? It takes either from the producer or the consumer a more or less sizable portion of the product destined in part to consumption and in part to savings, in order to apply it to less productive or even destructive ends, and more rarely to savings.”

Doe Ends Philosophy Political Order Products Taxes Economics Producers Saving Consumers Destructive Productive Portions Consumption Destined Savings

Author:Gustave de Molinari

“In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.”

Use Process Quality Products Easier Activity Economics Increase Raises Productivity Chemicals Contrast Manufacturing Impervious Mechanization

Author:Ha-Joon Chang

“A product which is unceremoniously wasted to landfill at end of life surely can't be considered good design!”

Ends Business Design Products Economics Management End Of Life Good Design Landfills

Author:Neil Tierney

“Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to. . . . We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits.”

“Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.”

Use Black Levels Quality Four Products Demand Economics Conservative Controlled Free Market Imposition Deterioration Supply And Demand

Author:Thomas Sowell

“I became a vegetarian in 1958 and it was very difficult in those days to really maintain that because there weren't many options... alternatives. But, now, it's a growing trend because... the economics are there. See, there's simply enough people demanding it that it's profitable to supply vegetarians with those products.”

People Enough Difficult Growing Products Economics Alternatives Vegetarian Trends Profitable

Author:Dennis Weaver

Economics Quotes

Related topics

Economics Quotes