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Economy Quotes

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Economy Quotes

“When there is some fear about accounting and growth and the economy, food stocks are a decent place to be, ... This company has been through a bit of a restructuring the last couple of years. Management is doing a great job. The company is improving and people are buying chocolate. So, what a great week to buy it.”

“We mustn't fear to adopt the advanced management methods applied in capitalist countries. The very essence of socialism is the liberation and development of the productive systems. Socialism and market economy are not incompatible. We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.”

“We want to ensure a multilateral development of society, the thriving of all sides of social life, economy, science and culture, the improvement of management, the moulding of the new man and the promotion of socialist ethics and equity.”

“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.”

“Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or "progress" sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.”

“The effect of the corporation, under the prevailing policy of the free, go-as-you-please method of organization and management, has been to drive the bulk of our people, other than farmers, out of property ownership; and, if allowed to go on as present, it will keep them out... The paramount problem is not how to stop the growth of property, and the building up of wealth, but how to manage it so that every species of property, like a healthy growing tree will spread its roots deeply and widely in the soil of a popular proprietorship.”

“On the basis of his work each person is fully entitled to consider himself a part owner of the great workbench at which he is working with everyone else. A way toward that goal could be found by associating labor with the ownership of capital joint ownership of the means of work, sharing by the workers in the management and/or profits of businesses, so-called shareholding by labor, etc.”

“Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome.”

“The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the few. But a new element of unrest has been added: a growing awareness that mass poverty is caused by defective institutions that prevent our harnessing the physical capabilities of science, engineering, management and labor to create general affluence; in other words, a growing awareness that poverty in any country that is or can be industrialized, is man's not nature's fault.”

“What have the masses been clamoring for? Jobs and welfare, and they got 'em. They've also got unions and managements like two armies converting the whole economy into a battleground with the customers as victims, except that the victims are also in the army. They think in battle terms by day and like customers at night.”

“Work is a means; it is not an end. And for any tasks that can be performed or eliminated by a capital instrument, human labor is not the best means... Furthermore, we have science, engineering and management - the three disciplines - that really plan and control the production of goods and services, trying to eliminate labor. Who the hell is government to come along and try to create labor? The people who are producing wealth are trying to eliminate toil, while the politicians are trying to create it.”

“In the present state of human society, however, We deem it advisable that the wage-contract should, when possible, be modified somewhat by a contract of partnership, as is already being tried in various ways to the no small gain both of the wage-earners and of the employers. In this way wage-earners are made sharers in some sort in the ownership, or the management, or the profits.”

“We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.”

“If a man surrenders all power of self-determination in regard to the profits, management or ownership of the place where he works, he not only loses that special prerogative which marks him off from a cow in a pasture, but what is worse, he loses all capacity for determining any work. This is the beginning of a slavery which sometimes goes by the name of security.”

“The workmen in a factory may have a shadowy, unknown absentee "employer" - the thousands of individual owners of stock - whom "management" represents and tries to please by extra dividends. The workman's livelihood is at the disposition of strangers who make a single demand of their representatives: higher profits.”

“Economy denotes the the proper management of materials and of site, as well as a thrifty balancing of cost and common sense in the construction of works. ...the architect does not demand things which cannot be found or made ready without great expense. For example: it is not everywhere that there is plenty of pitsand, rubble, fir, clear fir, and marble... Where there is no pitsand, we must use the kinds washed up by rivers or by the sea... and other problems we must solve in similar ways.”

“Time Management Tips: One can make a radar-like sweep of the horizon to identify time and task challenges while these are still manageable and while we still have a choice. The organizational adage, "the more parts, the more trouble," also applies to words. Multiplying words may actually multiply the probability of being misunderstood; economies in expression (without being taciturn or aloof) not only save time, but usually are more honest and more clear.”

“I truly believe that America's best days are still ahead of her. And for this, I am thankful to God. I am thankful that one day the war on terror will end, not because we have lost, but because we have won! I am thankful that one day our economy will rebound, not because of governmental micro-management, but as a result of America's entrepreneurial resolve. I am thankful that one day the born and the unborn will be equal under the eyes of the law in every state.”