In a poetic sense the prime goal of the new economy is to…

“Göring industrial empire represented, in this sense, one of the major steps towards restricting private industrial capitalism and substituting a ‘völkisch’, state-run industrial economy.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 146

“Policies and business strategies that worked well in the industrial era are a recipe for stagnation and decline in the new economy”

John Roth (1942) Canadian businessman

John Roth https://web.archive.org/web/20110523072731/http://www.time.com/time/europe/magazine/2000/1225/poy_roth.html December 25, 2000

“Labor is marching toward the goal of industrial democracy and contributing constructively toward a more rational arrangement of our domestic economy.”

John L. Lewis (1880–1969) American labor leader

Labor and the Nation speech (September 3, 1937)

“No one "voted in" the market economy and the industrial revolution, but today issues of direction of the economy, costs, redress, priorities, and goals all have become matters of conscious and debated social policy.”

Daniel Bell book The Cultural Contradictions of Capitalism

Source: The Cultural Contradictions of Capitalism (1976), Chapter 6, The Public Household, p. 226

“In the industrial economy success was self-limiting; it obeyed the law of decreasing returns.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 2-3

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

Robert S. Kaplan (1940) American accounting academic

Source: The Balanced Scorecard, 1996, p. 2-3

“The outcome [of the Nazi economy] was a command economy, governed by military priorities, but run by a coalition of state officials, soldiers, party hacks and industrial technocrats.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 17

“Not surprisingly, extensive effort in Britain and America goes into finding tax shelter. the system is "efficient" for the shelter industry, not for the economy.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 5, Taxes, p. 188

“Most large industrial concerns are limited by policy to special directions of expansion within the well-established field of the company.”

Edwin H. Land (1909–1991) American scientist and inventor

Congressional testimony (1945)
Context: Most large industrial concerns are limited by policy to special directions of expansion within the well-established field of the company. On the other hand, most small companies do not have the resources or the facilities to support "scientific prospecting." Thus the young man leaving the university with a proposal for a new kind of activity is frequently not able to find a matrix for the development of his ideas in any established industrial organization.

“In a poetic sense the prime goal of the new economy is to undo – company by company, industry by industry – the industrial economy.”

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