Home / Topics / Important Quotes

Important Quotes

Browse 22346 quotes about Important.

Important Quotes

“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“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

“In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.”

Important Ideas Opportunity Cost Concepts Economics Opportunity Cost

Author:Malcolm Turnbull

“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

Important Facts Freedom Party Business Economy Benefits Economics Investing Partnership Free Market Market Economy Free Market Capitalism Economy And Economics Free Economy

Author:Milton Friedman

“I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.”

People Way Kind Important Stories Able Numbers Economic Lucky Demand Economics Radio Storytelling Finance Print

Author:David Plotz

“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.”

“Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.”

May Important Deals Events Position Discipline Aspect Economics Complexes Data Phenomenon Physical Science

Author:Friedrich August von Hayek

“Economics is important because it's possible to buy the places that are necessary to live in relative inaccessibility and seclusion, or to move with a bit of style and chicness into the middle of civilization.”

Important Moving Success Bits Careers Middle Style Buddhism Civilization Economics Relative Seclusion

Author:Frederick Lenz