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Economy Quotes

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Economy Quotes

“We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.”

World Made Ideas Economy Rights Safe Intellectual Property Protection Adopted Innovative Property Rights Patents Intellectual Property

Author:Jeffrey Sachs

“Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.”

“A free society is as much a threat to the intellectual's sense of worth as an automated economy is to the workingman's sense of worth. Any social order that can function with a minimum of leadership will be anathema to the intellectual.”

Order Social Economy Intellectual Function Threat Minimum Free Society Social Order Anathema

Book:The Ordeal of Change

Source: The Ordeal of Change

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“As soon as a thought or word becomes a tool, one can dispense with actually 'thinking' it, that is, with going through the logical acts involved in verbal formulation of it. As has been pointed out, often and correctly, the advantage of mathematics - the model of all neo-positivistic thinking - lies in just this 'intellectual economy.' Complicated logical operations are carried out without actual performance of the intellectual acts upon which the mathematical and logical symbols are based. ... Reason ... becomes a fetish, a magic entity that is accepted rather than intellectually experienced.”

“We hold from God the gift which includes all others. This gift is life - physical, intellectual, and moral life.”

Wisdom Politics Moral Economy Intellectual Liberalism Moral Life

Book:The Law

Source: The Law

“There's only one honest way to measure affluence; that's by comparing the capability of producing goods and services with the desire of people to enjoy them. It's a lousy, crooked trick to compare this society with China or some such place and then say we're affluent. It's a piece of intellectual crookery even to compare this economy with itself ten or twenty years ago. We should compare what we have with what we could have.”

“In a knowledge economy, natural selection favors organizations that can most effectively harness and coordinate collective intellectual energy and creative capacity.”

Energy Natural Economy Creative Intellectual Capacity Organization Favors Collectives Selection Natural Selection Harness Coordinates

Author:Justin Rosenstein

“I can assure you that there is the greatest practical benefit in making a few failures early in life. You learn that which is of inestimable importance that there are a great many people in the world who are just as clever as you are. You learn to put your trust, by and by, in an economy and frugality of the exercise of your powers, both moral and intellectual; and you very soon find out, if you have not found it out before, that patience and tenacity of purpose are worth more than twice their weight of cleverness.”

People Ifs World I Can Purpose Found Moral Economy Exercise Benefits Intellectual Weight Importance Clever Practicals Great Men Tenacity Cleverness Frugality

Book:Collected essays

Source: Collected essays

“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