“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.” PeopleIfsMeanMightCompanyMillionsProductsCostDollarsProfitEfficientIncentivesMillion DollarsIlliterate Author:Thomas Sowell
“It is also very important to observe, that menial servants are absolutely necessary to make the resources of the higher and middle classes of society efficient in the demand for material products.” ImportantClassMiddleMaterialsProductsHigherDemandResourcesServantMiddle ClassEfficientClasses Of Society Author:Thomas Malthus
“By putting the means of production into the hands of the masses but withholding from those same masses any ownership over the product of their work, Web 2.0 provides an incredibly efficient mechanism to harvest the economic value of the free labor provided by the very, very many and concentrate it into the hands of the very, very few.” MeanHandsValuesEconomicProductsMassLaborProductionsMechanismEfficientOwnershipHarvestWithholdingEconomic ValueWeb 2.0 Author:Nicholas G. Carr
“Part of America's industrial problems is the aim of its corporate managers. Most American executives think they are in the business to make money, rather than products or service. The Japanese corporate credo, on the other hand, is that a company should become the world's most efficient provider of whatever product and service it offers. Once it becomes the world leader and continues to offer good products, profits follow.” ThinkingWorldShouldProblemHandsAmericaCompanyLeaderProductsOffersAimProfitManagersMaking MoneyCorporateExecutivesEfficientWorld LeaderProvidersCredo Author:W. Edwards Deming
“Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.” PeopleShouldDifferentDecisionRiskProductsReturnPicksConcernedInvestmentInvestingVariousExpectedManagersWinnerDimensionsLoserEfficientDeliveringWinner And LoserDifferent Dimensions Author:Eugene Fama
“All you need is the best product in the world, the most efficient production in the world and global marketing.” WorldNeedsProductsMarketingProductionsEfficient Author:Akio Morita
“The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.” IndividualTechnologyCuttingProductsCostDemandGloryEssenceMeetingsConsumersFirmGoodsProgressiveEfficientImprovingCompetingFree MarketAdvancingGoods And ServicesOrchestration Book:For a New Liberty: The Libertarian Manifesto Source: For a New Liberty: The Libertarian Manifesto
“Markets are nimble and efficient, gathering the collective but disbursed intelligence of the economy's players and communicating up-to-the-minute realities of prices, product availability, etc. Government is typically cumbersome, plodding, and slow.” RealityGovernmentEconomyPlayerMinutesProductsCommunicateEtcCollectivesEfficientGatheringAvailabilityNimble Author:Joel Miller
“We have so many alternatives, like kenaf. It produces more crop, it's hardier, and creates incredible paper products. Why are we deforesting for pulp and paper when we have a logical and efficient solution in plants like kenaf or bamboo? It doesn't make sense to me at all. I'm inviting anyone else who thinks the same to reach out and get involved with our think tanks around creating tree free alternatives ASAP.” ThinkingTreeProduceProductsInvolvedPaperCreatingSolutionsPlantIncrediblesAlternativesMake SenseLogicalReach OutEfficientGet InvolvedTanksCropsInvitingPulpBamboo Author:Ian Somerhalder
“Competing companies evolve toward efficiency as the more efficient ones profit and expand while those who fall behind fail. And companies being efficient and profiting under the Health Impact Fund, this is exactly what we want, because the company's profit is directly driven by the health impact its registered products achieve.” WantFallBehindsCompanyFailingAchieveProductsImpactProfitDrivenEvolveFundEfficientEfficiencyCompeting Author:Thomas Pogge