“In the infinitely complex economic system on which we rely for our daily bread, no productive function is more important than that of our business leaders. These men are charged with the responsibility of giving direction and unity to the efforts of the many who participate in economic activity. It is their job to make the plans and decisions which will transform economic effort into the particular goods and services wanted by a myriad of consumers. Conversely, it is their job also to translate consumers' needs into employment opportunities for labor and other economic resources”

— Robert Aaron Gordon

Source: Business Leadership in the Large Corporation (1945), p. 3

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "In the infinitely complex economic system on which we rely for our daily bread, no productive function is more importan…" by Robert Aaron Gordon?

Robert Aaron Gordon 12

American economist 1908–1978

Related quotes

“A major clash between economics and ecology derives from the fact that nature is cyclical, whereas our industrial systems are linear. Our businesses take resources, transform them into products plus waste, and sell the products to consumers, who discard more waste…”

Fritjof Capra (1939) American physicist

Epilogue: Ecological Literacy
The Web of Life (1996)

“The dictionary defines "economics" as "a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services." Here is another definition of economics which I think is more helpful in explaining how economics relates to software engineering.
Economics is the study of how people make decisions in resource-limited situations.
This definition of economics fits the major branches of classical economics very well.
Macroeconomics is the study of how people make decisions in resource-limited situations on a national or global scale. It deals with the effects of decisions that national leaders make on such issues as tax rates, interest rates, foreign and trade policy.
Microeconomics is the study of how people make decisions in resource-limited situations on a more personal scale. It deals with the decisions that individuals and organizations make on such issues such as how much insurance to buy, which word processor to buy, or what prices to charge for their products or services.”

Barry Boehm (1935) American software engineer

Source: Software engineering economics. (1984), p. 4

“Unless we make these difficult and unpopular decisions, there will be no economic growth or job creation.”

Volodymyr Zelensky (1978) 6th President of Ukraine

interview to NewsWeek https://www.ukrinform.net/rubric-polytics/2859479-zelensky-we-are-ready-for-ratings-going-down-due-to-unpopular-reforms.html (20 January 2020)

“[The consumer is] the supreme mover of economic order… for whom all goods are made and towards whom all economic activity is directed.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, Economic Analysis, 1941, p. 613 (rev. ed. 1948) as cited in: Andrew McMeekin (2002) Innovation by Demand. p. 131

“Americans who have lost their jobs need our help and I support extending unemployment benefits and direct assistance for health care coverage. Yet, American workers want more than unemployment checks — they want a steady paycheck. When America works, America prospers, so my economic security plan can be summed up in one word: jobs.”

George W. Bush (1946) 43rd President of the United States

2000s, 2002, State of the Union address (January 2002)

“Tourism is an economic activity that leverages on the beauty that our Creator willed to us. It will also encourage development of the far reaches of our country. And it would complement efforts to protect the environment.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

“All mental and moral development is by self-activity. Education is the economizing of self-effort in the direction of all-sided development.”

Francis Wayland Parker (1837–1902) Union Army officer

Source: Talks on Pedagogics, (1894), p. 25; as quoted in Sanderson Beck. Francis W. Parker's Concentration Pedagogy: Education to Free the Human Spirit http://www.san.beck.org/Parker.html, 1996

“Total quality control is an effective system for integrating the quality development, quality maintenance, and quality improvement efforts of the various groups in an organization so as to enable production and service at the most economical levels which allow full customer satisfaction.”

Armand V. Feigenbaum (1922–2014) American businessman

Cited in: D.H. Stamatis (1999) TQM Engineering Handbook, p. 12
Total Quality Control, 1983

“A leader has to know how the system functions - not just the system of government but the whole social and economic system, including business, the unions, and the universities.”

Jean Chrétien (1934) 20th Prime Minister of Canada

Source: Straight From The Heart (1985), Chapter Three, The Business Of politics, p. 76

“The economic function of space industrialization is to generate jobs on Earth, not in space.”

Krafft Arnold Ehricke (1917–1984) German aerospace engineer

The Extraterrestrial Imperative (1978)

Help us to complete the source, original and additional information

Robert Aaron Gordon 12

Related quotes

Related topics