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Economy Quotes

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Economy Quotes

“The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.”

“The problems with willpower are many, but they may hardly be noticed by the person focused narrowly on success. First, there is little economy of means; in systems thinking terms, we act without leverage. We attain our goals, but the effort is enormous and we may find ourselves exhausted and wondering if it was worth it when we have succeeded. Ironically, people hooked on willpower may actually look for obstacles to overcome, dragons to slay, and enemies to vanquish--to remind themselves and others of their own prowess.”

“One of the signs of the imminent Apocalypse is the "bitterness of all waters," and anyone traveling through eastern Europe, the former Soviet Union and its satellites-everywhere that the command economy operated, with its callous disregard for anything but narrow-focused abstract principle-could be forgiven for thinking that the Apocalypse was no longer imminent but in full cry. There's hardly a river, stream, or brook that isn't contaminated with the runoff from human misuse, whether industrial effluents, agricultural pesticides and herbicides, or worse.”

“A sustainable economy represents nothing less than a higher social order one as concerned with future generations as with our own, and more focused on the health of the planet and the poor than on material acquisitions and military might. While it is a fundamentally new endeavor, with many uncertainties, it is far less risky than continuing with business as usual.”

“While we have put an utmost emphasis on Gross Domestic Products (GDP) as a barometer for the overall economy until now, we have not paid much attention in detecting a level of social welfare. We, as a member of the society, must now take steps to create an index to indicate other critical elements to be focused on in order to restore reliability of world statistics.”