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Products Quotes

“It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.”

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

“When all of your decisions are based on economics, you end up with a sameness of vision. You're not taking the risks, you're not exploiting the passions of your creators. You're manufacturing product for a huge vending machine.”

Ends Passion Decision Vision Risk Products Huge Economics Machines Creator Manufacturing Sameness Vending Machines

Author:Steven Bochco

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

States Government Political Certain Results Money Existence Power Economic Products Authority Economics Independent Invention Commodity Legislation Sanctions

Author:Carl Menger

“The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth -- he could at the same time and by the same means adventure his wealth in the natural resources and new enterprise of any quarter of the world -- he could secure forthwith, if he wished, cheap and comfortable means of transit to any country or climate without passport or other formality.”

“I think the world is becoming more global. Because of economics, you have to feed the demographics that are buying your product.”

Thinking World Products Becoming Economics Buying Becoming More Demographics

Author:Sung Kang

“The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.”

Ifs Country Products Percent Economics West Collapse Economist Gross

Book:The Beauty Myth: How Images of Beauty Are Used Against Women

Source: The Beauty Myth: How Images of Beauty Are Used Against Women

“Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.”

Simple Company Products Return Cost Drug Economics Dollars Complexes Billions Traditional Sufficient Expensive Fund Venture Pharmaceutical Tailored

Author:David Mixner

“The reason for the success of this somewhat communist-sounding strategy, while the failure of communism itself is visible around the world, is that the economics of information are fundamentaly different from those of other products.”

World Different Reason Information Products Economics Strategy Around The World Communism Visible Communist

Author:Bruce Perens