Kenneth Arrow (1921–2017) American economist
Source: 1970s-1980s, The Limits Of Organization (1974), Chapter 1, Rationality: Individual And Social, p. 16
1910s, The Progressives, Past and Present (1910)
Kenneth Arrow (1921–2017) American economist
Source: 1970s-1980s, The Limits Of Organization (1974), Chapter 1, Rationality: Individual And Social, p. 16
George Stigler (1911–1991) American economist
Source: "The theory of economic regulation," 1971, p. 3; Lead paragraph
Context: The state --the machinery and power of the state-- is a potential resource or threat to every industry in the society. With its power to prohibit or compel, to take or give money, the state can and does selectively help or hurt a vast number of industries. That political juggernaut, the petroleum industry, is an immense consumer of political benefits, and simultaneously the underwriters of marine insurance have their more modest repast. The central tasks of the theory of economic regulation are to explain who will receive the benefits or burdens of regulation, what form regulation will take, and the effects of regulation upon the allocation of resources.
“There is power in understanding the journey of others to help create your own.”
Kobe Bryant (1978–2020) American basketball player
John Quincy Adams (1767–1848) American politician, 6th president of the United States (in office from 1825 to 1829)
Letter to James Lloyd (1 October 1822)
Michael McFaul (1963) American academic and diplomat
"Izvestia Interview with Michael McFaul" in Carnegie Endowment for World Peace https://carnegieendowment.org/2002/05/15/izvestia-interview-with-michael-mcfaul-pub-984 (15 May 2002)
Rudolf Rocker book Nationalism and Culture
Source: Nationalism and Culture (1937), Ch. 1 "The Insufficiency of Economic Materialism"
Context: The will to power which always emanates from individuals or from small minorities in society is in fact a most important driving force in history. The extent of its influence has up to now been regarded far too little, although it has frequently been the determining factor in the shaping of the whole of economic and social life.
Helena Petrovna Blavatsky (1831–1891) occult writer
Source: Collected Writings, vol. XI, p. 465 (October 1889) http://www.katinkahesselink.net/blavatsky/articles/v11/y1889_065.htm