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Economy Quotes

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Economy Quotes

“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”

“For suppose that every tool we had could perform its task, either at our bidding or itself perceiving the need, and if-like the statues made by Dædalus or the tripods of Hephæstus, of which the poet says that "self-moved they enter the assembly of the gods" - shuttles in a loom could fly to and fro and a plectrum play a lyre all self-moved, then master-craftsmen would have no need of servants nor masters of slaves.”

“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.”

“We need enthusiasm, imagination and the ability to face facts, even unpleasant ones, bravely. We need to correct, by drastic means if necessary, the faults in our economic system from which we now suffer. We need the courage of the young. Yours is not the task of making your way in the world, but the task of remaking the world which you will find before you. May every one of us be granted the courage, the faith and the vision to give the best that is in us to that remaking!”

“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.”