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Economy Quotes

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Economy Quotes

“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

“Under the old social philosophy which had governed the Middle Ages, temporal, and therefore all economic, activities were referred to an eternal standard. The production of wealth, it distribution and exchange were regulated with a view to securing the Christian life of Christian men. In two points especially was this felt: First in securing the independence of the family, which can only be done by the wide distribution of property, in others words the prevention of the growth of a proletariat; secondly, in the close connection between wealth and public function.”

“While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside down," that it is not necessarily amiss to turn a fellow upside down if that in fact straightens out his thinking.”

Ifs Thinking Facts Wisdom Turns Politics Economy Connections Fellows Liberalism Comment Upside Down Milton Inference

Author:Louis O. Kelso

“The connection economy rewards the leader, the initiator, and the rebel.”

Leader Economy Connections Rewards Rebel

Author:Seth

“The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property”

Interesting Economy Century Connections Property Financial Nineteenth Century Ohio Baltimore

Book:The Railroad Builders: A Chronicle of the Welding of the States

Source: The Railroad Builders: A Chronicle of the Welding of the States

“The close relationship between railroad expansion and the genera development and prosperity of the country is nowhere brought more distinctly into relief than in connection with the construction of the Pacific railroads.”

Country Economy Relationship Development Connections Prosperity Relief Construction Expansion Pacific Railroads Close Relationship

Book:The Railroad Builders: A Chronicle of the Welding of the States

Source: The Railroad Builders: A Chronicle of the Welding of the States

“I think that there is a strong argument that our [USA's] leadership, our strength, our influence begins with having an economy that is producing good jobs with rising incomes, and I see the connection there.”

Thinking Jobs Strong Economy Influence Argument Connections Income Usa Rising Good Job

Author:Hillary Clinton

“There is a clear connection between developing the skills and talents of young people, and our economic success as a province. Initiatives like the Make Your Pitch competition and the Ontario Social Impact Voucher help us nurture the next generation of business leaders. We will continue creating an inviting environment for our next generation of entrepreneurs, ensuring they develop the right skills needed to succeed in a globally competitive economy and build the future of Ontario.”

“Humanity seems bent on creating a world economy primarily based on goods that take no material form. In doing so, we may be eliminating any predictable connection between creators and a fair reward for the utility others may find in their works.”

World May Seems Form Humanity Economy Materials Creating Fairs Connections Rewards Creator Goods Bent Utility Predictable Eliminating World Economy

Author:John Perry Barlow