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Economy Quotes

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Economy Quotes

“Germany is a fascinating role model. The Germans have maintained their manufacturing edge despite being a high-tax, high-regulation economy. Why? Because the government really set about ensuring that it maintained funding for technical training, technical advancements and programs. It made a concerted effort to retain high-end, complex manufacturing -- the kind of BMW model, if you will. And they've done that so successfully that Germany, which has a quarter of America's population, exports more than America does.”

“Industrial production, the flow of resources in the economy, the exertion of military effort in a war, the management of finances --all require the coordination of interrelated activities. What these complex undertakings share in common is the task of constructing a statement of actions to be performed, their timing and quantity (called a program or schedule), that, if implemented, would move the system from a given initial status as much as possible towards some defined goal”

“Industrial production, the flow of resources in the economy, the exertion of military effort in a war theater-all are complexes of numerous interrelated activities. Differences may exist in the goals to be achieved, the particular processes involved, and the magnitude of effort. Nevertheless, it is possible to abstract the underlying essential similarities in the management of these seemingly disparate systems.”

Source: Linear Programming and Extensions

“We love a world in which the people in the white hats get rewarded and the people in the black hats pay the price. And that I have to say doesn't happen very often, particularly in a very complex economy. We're in a time of panic where people have lost trust in what the banks are doing, what the investment firms are doing - lost trust beyond a level of reasonableness, to be honest. And, it's got to be stopped.”

People World Happens Lost Black White Levels Pay Economy Honest Investment Complexes Being Honest Firm Hats Panic Pay The Price Reasonableness Black Hats Lost Trust

Author:Rebecca M. Blank

“The very technologies that were supposed to free up our time seem instead to be consuming it, tacking hours onto our already extended days. The very interconnectedness of life in a global networked economy that creates so many opportunities also makes all our decisions more complex, crucial, even fragile.”

Seems Opportunity Hours Decision Technology Economy Complexes Our Time Crucial Fragile Consuming Interconnectedness

Book:Thriving In 24/7: Six Strategies for Taming the New World of Work

Source: Thriving In 24/7: Six Strategies for Taming the New World of Work

“most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.”

Humans Body Economy Understood Economics Doctors Complexes Accurate Predictions Economist Human Body Reluctant Complex Systems

Author:Alice Rivlin

“It is much easier to make intellectual messes than it is to clarify complicated issues, especially when real solutions would challenge the status quo and require much careful thought across many fields of knowledge. Problems of climatic change, biotic impoverishment, population growth, and the choices to be made by various technologies and the transition to a sustainable and decent society with an economy that works over the long-term are difficult, complex, and intertwined problems with many possible answers.”

Source: The Last Refuge: Patriotism, Politics, and the Environment in an Age of Terror

“The dichotomies, the brokenness of the culture around things like the Vietnam war, and then a lot of it has to do with war and where we put our energy and money and attention. And the military industrial complex, which dominates our whole economy. Even with the vision of democracy in other places we know the dark side.”

Knows War Whole Culture Energy Sides Dark Attention Vision Economy Democracy Military Complexes Vietnam Vietnam War Dark Side Brokenness Dichotomy Military Industrial Complex

Author:Anne Waldman

“The de industrialization of the US. economy based on the migration of corporations into third world areas where labor is very cheap and thus more profitable for these companies creates on the one hand conditions in those countries that encourage people to emigrate to the US. in search of a better life. On the other hand, it creates conditions here that send more black people into the alternative economies, the drug economies, women into economies in sexual services, and sends them into the prison industrial complex.”

“Martin Luther King was talking about racism, war and poverty. I think we have made progress enormous progress in racism and war, but we have made little or no progress in poverty. And it's because the economy has gotten more and more complex as we have globalized.”

Thinking Littles Made War Talking Poverty Economy Progress Kings Racism Complexes Enormous Luther

Author:Andrew Young