Quotes about allocation

A collection of quotes on the topic of allocation, resource, use, economics.

Quotes about allocation

“I'd just like to interject for a moment. What you’re referring to as Linux, is in fact, GNU/Linux, or as I’ve recently taken to calling it, GNU plus Linux. Linux is not an operating system unto itself, but rather another free component of a fully functioning GNU system made useful by the GNU corelibs, shell utilities and vital system components comprising a full OS as defined by POSIX. Many computer users run a modified version of the GNU system every day, without realizing it. Through a peculiar turn of events, the version of GNU which is widely used today is often called “Linux”, and many of its users are not aware that it is basically the GNU system, developed by the GNU Project. There really is a Linux, and these people are using it, but it is just a part of the system they use. Linux is the kernel: the program in the system that allocates the machine’s resources to the other programs that you run. The kernel is an essential part of an operating system, but useless by itself; it can only function in the context of a complete operating system. Linux is normally used in combination with the GNU operating system: the whole system is basically GNU with Linux added, or GNU/Linux. All the so-called “Linux” distributions are really distributions of GNU/Linux.”

Richard Stallman (1953) American software freedom activist, short story writer and computer programmer, founder of the GNU project

Internet meme commonly attributed to Stallman made by an unknown source.
Misattributed

People, Parting

“Political science is the study of the authoritative allocation of values for a society.”

David Easton (1917–2014) Canadian academic

The Political System: An Inquiry into the State of Political Science (1953)

Study, Science

“We know today that nothing will restore the pre-machine condition of reasonably universal employment save an artificial allocation of working hours involving the use of more men than formerly to perform a given task.... The primary function of society, in spite of all the sophistries spurred of selfishness, is to give men better conditions than they could get without it; and the basic need today is jobs for all—not for "property" for a few of the luck and the acquisitive.... In view of the urgent need for change, there is something almost obscene in the chatter of the selfish about various psychological evils allegedly inherent in a New Deal promising decent economic security and humane leisure for all instead of for a few.... What is worth answering is the kindred outcry about "regimentation", "collective slavery", "violation of Anglo-Saxon freedom", "destruction of the right of the individual to make his own way" and so on; with liberal references to Stalin, Hitler, Mustapha Kemal, and other extremist dictators who have sought to control men's personal, intellectual, and artistic lives, and traditional habits and folkways, as well as their economic fortunes. Naturally the Anglo-Saxon balks at any programme calculated to limit his freedom as a man and a thinker or to disturb his inherited perspectives and daily customs—and need we say that no plan ever proposed in an Anglo-Saxon country would conceivably seek to limit such freedom or disturb such perspectives and customs? Here we have a deliberate smoke-screen—conscious and malicious confusion of terms. A decent planned society would indeed vary to some extent the existing regulations (for there are such) governing commercial and economic life. Yet who save a self-confessed Philistine or Marxist (the plutocrat can cite "Das Kapital" for his purpose!) would claim that the details and conditions of our merely economic activities form more than a trivial fraction of our whole lives and personalities? That which is essential and distinctive about a man is not the routine of material struggle he follows in his office; but the civilised way he lives, outside his office, the life whose maintenance is the object of his struggle. So long as his office work gains him a decently abundant and undisputedly free life, it matters little what that work is—what the ownership of the enterprise, and what and how distributed its profits, if profits there be. We have seen that no system proposes to deny skill and diligence an adequate remuneration. What more may skill and diligence legitimately ask? Nor is any lessening in the pride of achievement contemplated. Man will thrill just as much at the overcoming of vast obstacles, and the construction of great works, whether his deeds be performed for service or for profit. As it is, the greatest human achievements have never been for profit. Would Keats or Newton or Lucretius or Einstein or Santayana flourish less under a rationally planned society? Any intimation that a man's life is wholly his industrial life, and that a planned economic order means a suppression of his personality, is really both a piece of crass ignorance and an insult to human nature. Incidentally, it is curious that no one has yet pointed to the drastically regulated economic life of the early Mass. Bay colony as something "American!"”

H.P. Lovecraft (1890–1937) American author

Unpublished (and probably unsent) letter to the Providence Journal (13 April 1934), quoted in Collected Essays, Volume 5: Philosophy, edited by J. T. Joshi, pp. 115-116
Non-Fiction, Letters

Life, Men, Way, Nature

“I have never believed that the securing of material resources ought to form the central interest of human life—but have instead maintained that personality is an independent flowering of the intellect and emotions wholly apart from the struggle for existence. Formerly I accepted the archaic dictum that only a few can be relieved of the engulfing waste of the material struggle in its bitterest form—a dictum which is, of course, true in an agricultural age having scanty resources. Therefore I adopted an aristocratic attitude; regretfully arguing that life, in any degree of fulness, is only for the fortunate few whose ancestors' prowess has given them economic security and leisure. But I did not take the bourgeois position of praising struggle for its own sake. While recognising certain worthy qualities brought out by it, I was too much impressed by its stultifying attributes to regard it as other than a necessary evil. In my opinion, only the leisured aristocrat really had a chance at adequate life—nor did I despise him because he was not forced to struggle. Instead, I was sorry that so few could share his good fortune. Too much human energy was wasted in the mere scramble for food and shelter. The condition was tolerable only because inevitable in yesterday's world of scanty resources. Millions of men must go to waste in order that a few might really live. Still—if those few were not upheld, no high culture would ever be built up. I never had any use for the American pioneer's worship of work and self-reliance for their own sakes. These things are necessary in their place, but not ends in themselves—and any attempt to make them ends in themselves is essentially uncivilised. Thus I have no fundamental meeting-ground with the rugged Yankee individualist. I represent rather the mood of the agrarian feudalism which preceded the pioneering and capitalistic phases. My ideal of life is nothing material or quantitative, but simply the security and leisure necessary for the maximum flowering of the human spirit.... Well—so much for the past. Now we live in an age of easy abundance which makes possible the fulfilment of all moderate human wants through a relatively slight amount of labour. What shall be the result? Shall we still make resources prohibitively hard to get when there is really a plethora of them? Shall we allow antique notions of allocation—"property," etc.—to interfere with the rational distribution of this abundant stock of resources among all those who require them? Shall we value hardship and anxiety and uncertainty so fatuously as to impose these evils artificially on people who do not need to bear them, through the perpetuation of a set of now irrelevant and inapplicable rules of allocation? What reasonable objection is there to an intelligent centralised control of resources whose primary object shall be the elimination of want in every quarter—a thing possible without removing comfortable living from any one now enjoying it? To call the allocation of resources something "uncontrollable" by man—and in an age when virtually all natural forces are harnessed and utilised—is simply infantile. It is simply that those who now have the lion's share don't want any fresh or rational allocation. It is needless to say that no sober thinker envisages a workless equalitarian paradise. Much work remains, and human capacities differ. High-grade service must still receive greater rewards than low-grade service. But amidst the present abundance of goods and minimisation of possible work, there must be a fair and all-inclusive allocation of the chances to perform work and secure rewards. When society can't give a man work, it must keep him comfortable without it; but it must give him work if it can, and must compel him to perform it when it is needed. This does not involve interference with personal life and habits (contrary to what some reactionaries say), nor is the absence of insecurity anything to deplore.... But of course the real need of change comes not from the mere fact of abundant resources, but from the growth of conditions making it impossible for millions to have any chance of getting any resources under the present outworn set of artificial rules. This development is no myth. Machines had displaced 900,000 men in the U. S. before the crash of '29, and no conceivable regime of "prosperity" (where by a few people will have abundant and flexible resources and successfully exchange them among one another) will ever make it possible to avoid the permanent presence of millions of unemployed, so long as old-fashioned laissez-faire capitalism is adhered to.... And so I have readjusted my ideas. … I have gone almost reluctantly—step by step, as pressed by facts too insistent to deny—and am still quite as remote from Belknap's naive Marxism as I am from the equally naive Republican orthodoxy I have left behind. I am as set as ever against any cultural upheaval—and believe that nothing of the kind is necessary in order to achieve a new and feasible economic equilibrium. The best of culture has always been non-economic.”

H.P. Lovecraft (1890–1937) American author

Hitherto it has grown out of the secure, non-struggling life of the aristocrat. In future it may be expected to grow out of the secure and not-so-struggling life of whatever citizens are personally able to develop it. There need be no attempt to drag culture down to the level of crude minds. That, indeed, would be something to fight tooth and nail! With economic opportunities artificially regulated, we may well let other interests follow a natural course. Inherent differences in people and in tastes will create different social-cultural classes as in the past—although the relation of these classes to the holding of material resources will be less fixed than in the capitalistic age now closing. All this, of course, is directly contrary to Belknap's rampant Stalinism—but I'm telling you I'm no bolshevik! I am for the preservation of all values worth preserving—and for the maintenance of complete cultural continuity with the Western-European mainstream. Don't fancy that the dethronement of certain purely economic concepts means an abrupt break in that stream. Rather does it mean a return to art impulses typically aristocratic (that is, disinterested, leisurely, non-ulterior) rather than bourgeois.
Letter to Clark Ashton Smith (28 October 1934), in Selected Letters V, 1934-1937 edited by August Derleth and Donald Wandrei, pp. 60-64
Non-Fiction, Letters

Life, Men, People, Age

“Now the trickiest catch in the negro problem is the fact that it is really twofold. The black is vastly inferior. There can be no question of this among contemporary and unsentimental biologists—eminent Europeans for whom the prejudice-problem does not exist. But, it is also a fact that there would be a very grave and very legitimate problem even if the negro were the white man's equal. For the simple fact is, that two widely dissimilar races, whether equal or not, cannot peaceably coexist in the same territory until they are either uniformly mongrelised or cast in folkways of permanent and traditional personal aloofness. No normal being feels at ease amidst a population having vast elements radically different from himself in physical aspect and emotional responses. A normal Yankee feels like a fish out of water in a crowd of cultivated Japanese, even though they may be his mental and aesthetic superiors; and the normal Jap feels the same way in a crowd of Yankees. This, of course, implies permanent association. We can all visit exotic scenes and like it—and when we are young and unsophisticated we usually think we might continue to like it as a regular thing. But as years pass, the need of old things and usual influences—home faces and home voices—grows stronger and stronger; and we come to see that mongrelism won't work. We require the environing influence of a set of ways and physical types like our own, and will sacrifice anything to get them. Nothing means anything, in the end, except with reference to that continuous immediate fabric of appearances and experiences of which one was originally part; and if we find ourselves ingulphed by alien and clashing influences, we instinctively fight against them in pursuit of the dominant freeman's average quota of legitimate contentment.... All that any living man normally wants—and all that any man worth calling such will stand for—is as stable and pure a perpetuation as possible of the set of forms and appearances to which his value-perceptions are, from the circumstances of moulding, instinctively attuned. That is all there is to life—the preservation of a framework which will render the experience of the individual apparently relevant and significant, and therefore reasonably satisfying. Here we have the normal phenomenon of race-prejudice in a nutshell—the legitimate fight of every virile personality to live in a world where life shall seem to mean something.... Just how the black and his tan penumbra can ultimately be adjusted to the American fabric, yet remains to be seen. It is possible that the economic dictatorship of the future can work out a diplomatic plan of separate allocation whereby the blacks may follow a self-contained life of their own, avoiding the keenest hardships of inferiority through a reduced number of points of contact with the whites... No one wishes them any intrinsic harm, and all would rejoice if a way were found to ameliorate such difficulties as they have without imperilling the structure of the dominant fabric. It is a fact, however, that sentimentalists exaggerate the woes of the average negro. Millions of them would be perfectly content with servile status if good physical treatment and amusement could be assured them, and they may yet form a well-managed agricultural peasantry. The real problem is the quadroon and octoroon—and still lighter shades. Theirs is a sorry tragedy, but they will have to find a special place. What we can do is to discourage the increase of their numbers by placing the highest possible penalties on miscegenation, and arousing as much public sentiment as possible against lax customs and attitudes—especially in the inland South—at present favouring the melancholy and disgusting phenomenon. All told, I think the modern American is pretty well on his guard, at last, against racial and cultural mongrelism. There will be much deterioration, but the Nordic has a fighting chance of coming out on top in the end.”

H.P. Lovecraft (1890–1937) American author

Letter to James F. Morton (January 1931), in Selected Letters III, 1929-1931 edited by August Derleth and Donald Wandrei, p. 253
Non-Fiction, Letters, to James Ferdinand Morton, Jr.

Life, World, Penalty, Way

“We are far from understanding how to achieve adaptively efficient economies because allocative efficiency and adaptive efficiency may not always be consistent. Allocatively efficient rules would make today's firms and decisions secure - but frequently at the expense of the creative destruction process that Schumpeter had in mind.”

Douglass C. North (1920–2015) American Economist

Source: Institutions (1990), p. 81; Ch. 9 : Organizations, learning, and institutional change

Understanding, Decision

“In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.”

Herbert A. Simon (1916–2001) American political scientist, economist, sociologist, and psychologist

Simon, H. A. (1971) "Designing Organizations for an Information-Rich World" in: Martin Greenberger, Computers, Communication, and the Public Interest, Baltimore. MD: The Johns Hopkins Press. pp. 40–41.
1960s-1970s

World, Wealth

“Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning.”

Bill Gates (1955) American business magnate and philanthropist

TIME magazine Vol. 149, No. 2 (13 January 1997) http://web.archive.org/web/20000619135050/http://www.time.com/time/gates/gates7.html 1990s

Religion, Time

“Have I ever remarked on how completely ridiculous it is to ask high school students to decide what they want to do with the rest of their lives and give them nearly no support in doing so? Support like, say, spending a day apiece watching twenty different jobs and then another week at their top three choices, with salary charts and projections and probabilities of graduating that subject given their test scores? The more so considering this is a central allocation question for the entire economy?”

Eliezer Yudkowsky (1979) American blogger, writer, and artificial intelligence researcher

A comment on Memetic Hazards in Videogames (September 2010) http://lesswrong.com/lw/2pe/memetic_hazards_in_videogames/2l8y

School, Question, Support

“Consider how one silently reads the following sentence: ‘The forest ranger did not permit us to enter the reserve without a permit’. Note that on its ﬁrst occurrence, the word ‘permit’ was (silently) pro-nounced with the stress on the second syllable (permit), hereas on its second occurrence the stress was on the ﬁrst syllable (permit)… The syntactic and semantic analysis required to determine the appropriate meaning of the word ‘permit’ must have taken place prior to the allocation of the stress pattern; and this in turn, must have taken place prior to the phonemic image entering awareness.”

Max Velmans (1942) British psychologist

Source: Is human information processing conscious?, 1991, p. 657; Cited in: Giorgio Marchetti, "A presentation of attentional semantics." Cognitive processing 7.3 (2006): 163-194.

Reading

“The effects of subunit power on organizational decision making and the bases of subunit power are examined in a large midwestern state university. It is hypothesized that subunits acquire power to the extent that they provide resources critical to the organization and that power affects resource allocations within organizations in so far as the resource is critical to the subunits and scarce within the organization. Departmental power is found to be most highly correlated with the department's ability to obtain outside grants and contracts, with national prestige and the relative size of the graduate program following closely in importance. Power is used most in the allocation of graduate university fellowships, the most critical and scarce resource, and is unrelated to the allocation of summer faculty fellowships, the least critical and scarce resource.”

Gerald R. Salancik (1943–1996) American organizational theorist

Gerald R. Salancik, and Jeffrey Pfeffer. "The bases and use of power in organizational decision making: The case of a university." Administrative Science Quarterly (1974): 453-473; p. 454; Abstract.

Decision, Universe, Summer

“In terms of the distribution by sector, the biggest share of 37.1% is allotted for Social Services, which has registered the highest increase among the sectors for the past four consecutive years due to the substantial increases for the Conditional Cash Transfer Program and the increased allocation for education. Economic Services, with a share of 26.9%, constitutes the 2nd highest portion, 48% of which will be allotted for the sub-sector of communications, roads and other transport.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Education, Communication, Past

“Questions about the influence of socialism are increasingly more difficult to answer as the word socialism has so many meanings. The idea that the inequalities of incomes can be greatly reduced has come to be recognized as largely impractical. Practically all endeavours at just distribution express more or less arbitrary conceptions of what is just and the central idea of Marxian socialism of a rationalisation of the means of production has been largely abandoned as technically impracticable. I believe that in general the idea of justice is more closely met by a freely competitive market than by any deliberate allocation of income to some imagined ideal of the kind.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

December 13, 1991, quoted in Friedrich Hayek: A Biography (2001) by Alan O. Ebenstein
1980s and later

Justice, Imagination, Idea, Question

“I urge the AFP and also the PNP to aggressively go out there and fill the yearly quotas for new recruits. Spend the budget intended for hiring new personnel. Don't let the old system prevail again where the allocation for hiring new personnel is scrimped on so that the amount can be converted into savings and diverted to line the pockets of some unscrupulous individuals. This has already cost so many lives and has orphaned thousands of wives and children.”

Francis Escudero (1969) Filipino politician

The Philippine Star http://www.philstar.com/breaking-news/739506/senator-urges-afp-pnp-review-troop-strength 2011

Children

“There are times when a company’s know-how, product range, and labor relations are in harmony with the world around it. The business situations are familiar, the company is well organized, and employees are trained and prepared. During those times, managers do not need to develop and implement new ideas. Their job is to allocate resources to promote growth and development, channeling capital and people to the parts of the organization best positioned to benefit from the current state of affairs. Those parts of the organization then become larger, better established, and more powerful.
But just when the company has organized itself, outside circumstances may change. New technologies come on the scene, markets shift, interest rates fluctuate, consumers’ tastes change, and the company must enter a new phase of life. In order to stay in sync with the outside world, it must be able to alter its marketing strategy, its product range, its organizational form, and where and how it does its manufacturing. And once a company has adapted to a new environment, it is no longer the organization it used to be; it has evolved. That is the essence of learning.”

Arie de Geus (1930) Dutch businessman

Cited in: Richard C. Huseman, Jon P. Goodman (1998), Leading with Knowledge: The Nature of Competition in the 21st Century. SAGE Publications, p. 72.
The Living Company, 1997

Life, People, World, Idea

“Once standards of procedures and the allocation of tasks and authority become the subject of normative agreements, the cost of change greatly increased. Normative agreements constrain adaptation in at least two ways. First, they provide a justification and an organizing principle for those elements that wish to resist reorganization (i. e. they can resist in terms of a shared principle). Second, normative agreements preclude the serious consideration of many alternative responses.”

Michael T. Hannan (1943) US-American sociologist of Stanford University

Source: "The Population Ecology of Organizations," 1977, p. 931

Way, Change

“I will not demand that the Jewish Agency allocate a sum of 300,000 or 100,000 pounds sterling to help European Jewry. And I think that whoever demands such things is performing an anti-Zionist act.”

Yitzchak Gruenbaum (1879–1970) Israeli politician

During an early 1943 discussion suggesting allocation of some “Zionist money” for rescue during the Holocaust:
Tom Segev, The Seventh Million ISBN 978-0805066609.

Thinking, Help

“It is the general authority to undertake the establishment of religion through the revival of religious sciences, the establishment of the pillars of Islam, the organization of jihad and its related functions of maintenance of armies, financing the soldiers, and allocation of their rightful portions from the spoils of war, administration of justice, enforcement of [the limits ordained by Allah, including the punishment for crimes (hudud)], elimination of injustice, and enjoining good and forbidding evil, to be exercised on behalf of the Prophet… It is no mercy to them to stop at intellectually establishing the truth of Religion to them. Rather, true mercy towards them is to compel them so that Faith finds a way to their minds despite themselves. It is like a bitter medicine administered to a sick man. Moreover, there can be no compulsion without eliminating those who are a source of great harm or aggression, or liquidating their force, and capturing their riches, so as to render them incapable of posing any challenge to Religion. Thus their followers and progeny are able to enter the faith with free and conscious submission… Jihad made it possible for the early followers of Islam from the Muhajirun and the Ansar to be instrumental in the entry of the Quraysh and the people around them into the fold of Islam. Subsequently, God destined that Mesopotamia and Syria be conquered at their hands. Later on it was through the Muslims of these areas that God made the empires of the Persians and Romans to be subdued. And again, it was through the Muslims of these newly conquered realms that God actualized the conquests of India, Turkey and Sudan. In this way, the benefits of jihad multiply incessantly, and it becomes, in that respect, similar to creating an endowment, building inns and other kinds of recurring charities.… Jihad is an exercise replete with tremendous benefits for the Muslim community, and it is the instrument of jihad alone that can bring about their victory.… The supremacy of his Religion over all other religions cannot be realized without jihad and the necessary preparation for it, including the procurement of its instruments. Therefore, if the Prophet’s followers abandon jihad and pursue the tails of cows [that is, become farmers] they will soon be overcome by disgrace, and the people of other religions will overpower them.”

Shah Waliullah Dehlawi (1703–1762) Indian muslim scholar

Source: Quoted in Bonney, Jihad from Qur’an to bin Laden, 101-3 Quoted from Spencer, Robert (2018). The history of Jihad: From Muhammad to ISIS.
Source: Shah Waliullah Dehlawi: in: Muhammad Al-Ghazali, Socio-political Thought of Shah Wali Allah. (Also quoted in Jihād: From Qur’ān to bin Laden by Richard Bonney. Palgrave Macmillan, 2004. also in Spencer, Robert in The history of Jihad: From Muhammad to ISIS, 2018.)

God, War, People, Truth

“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

Age, Success

“Even when altruism is allowed (as, for example, in Gary Becker's model of rational allocation), it is assumed that the altruistic actions are undertaken because they promote each person's own interests; there are personal gains to the altruist's own welfare, thanks to sympathy for others. No role is given to any sense of commitment about behaving well or to pursuing some selfless objective. All this leaves out, on the one hand, the evil passions that early theorists of capitalism contrasted with self-interest and, on the other, the social commitments that Kant analyzed in The Critique of Practical Reason and that Adam Smith discussed in The Theory of Moral Sentiments.”

Amartya Sen (1933) Indian economist

1990s, Foreword to The Passions and the Interests (1996)

Sense, Passion, Evil, Personality

“Under the Alliance Government, we minorities were allocated eight seats, then they were reduced to five seats and now we have only three seats in this house. At this trend, we minorities may not be represented in Parliament in future. But, I trust in our SDL-led Coalition Government and humbly request that our seats in this house be increased from three to at least five when the 1997 Constitution amendments are done.”

Kenneth Zinck (1959) Fijian politician

Calls for greater minority representation in the House of Representatives, 10 August 2005

Future, Housing

“The basic proposition is that the greater the uncertainty of the task, the greater the amount of information that has to be processed between decision-makers during the execution of the task. If the task is well understood prior to performing it much of the activity can be preplanned. If it is n~t understood, then during the actual task execution more knowledge is acquired which leads to changes in resource allocations, schedules, and priorities.”

Jay R. Galbraith (1939–2014) American business theorist

Source: Organization design: An information processing view, 1977, p. 21

Knowledge, Decision, Change

“Real economic efficiency implies including all resources that affect sustainable human well-being in the allocation system, not just marketed goods and services. Our current market allocation system excludes most non-marketed natural and social capital assets and services that are critical contributors to human well-being. The current economic model ignores this and therefore does not achieve real economic efficiency. A new, sustainable ecological economic model would measure and include the contributions of natural and social capital and could better approximate real economic efficiency.”

Robert Costanza (1950) American economist

Source: Toward a New Sustainable Economy, 2008, p. 46

Nature

“1. The standard neoclassical model the formal articulation of Adam Smith's invisible hand, the contention that market economies will ensure economic efficiency provides little guidance for the choice of economic systems, since once information imperfections (and the fact that markets are incomplete) are brought into the analysis, as surely they must be, there is no presumption that markets are efficient.
2. The Lange-Lerner-Taylor theorem, asserting the equivalence of market and market socialist economies, is based on a misguided view of the market, of the central problems of resource allocation, and (not surprisingly, given the first two failures) of how the market addresses those basic problems.
3. The neoclassical paradigm, through its incorrect characterization of the market economies and the central problems of resource allocation, provides a false sense of belief in the ability of market socialism to solve those resource allocation problems. To put it another way, if the neoclassical paradigm had provided a good description of the resource allocation problem and the market mechanism, then market socialism might well have been a success. The very criticisms of market socialism are themselves, to a large extent, criticisms of the neoclassical paradigm.
4. The central economic issues go beyond the traditional three questions posed at the beginning of every introductory text: What is to be produced? How is it to be produced? And for whom is it to be produced? Among the broader set of questions are: How should these resource allocation decisions be made? Who should make these decisions? How can those who are responsible for making these decisions be induced to make the right decisions? How are they to know what and how much information to acquire before making the decisions? How can the separate decisions of the millions of actors decision makers in the economy be coordinated?
5. At the core of the success of market economies are competition, markets, and decentralization. It is possible to have these, and for the government to still play a large role in the economy; indeed it may be necessary for the government to play a large role if competition is to be preserved. There has recently been extensive confusion over to what to attribute the East Asian miracle, the amazingly rapid growth in countries of this region during the past decade or two. Countries like Korea did make use of markets; they were very export oriented. And because markets played such an important role, some observers concluded that their success was convincing evidence of the power of markets alone. Yet in almost every case, government played a major role in these economies. While Wade may have put it too strongly when he entitled his book on the Taiwan success Governing the Market, there is little doubt that government intervened in the economy through the market.
6. At the core of the failure of the socialist experiment is not just the lack of property rights. Equally important were the problems arising from lack of incentives and competition, not only in the sphere of economics but also in politics. Even more important perhaps were problems of information. Hayek was right, of course, in emphasizing that the information problems facing a central planner were overwhelming. I am not sure that Hayek fully appreciated the range of information problems. If they were limited to the kinds of information problems that are at the center of the Arrow-Debreu model consumers conveying their preferences to firms, and scarcity values being communicated both to firms and consumers then market socialism would have worked. Lange would have been correct that by using prices, the socialist economy could "solve" the information problem just as well as the market could. But problems of information are broader.”

Joseph E. Stiglitz book Whither Socialism?

Source: Whither Socialism? (1994), Ch. 1 : The Theory of Socialism and the Power of Economic Ideas

Books, Way, Communication, Failure

“Business process engineering aims to achieve the greatest efficiency possible in terms of business-organizational solutions. Organizational departments, reengineering project teams or even business process owners can be responsible for process engineering. While work schedule development for manufacturing processes might be institutionally allocated to a certain department for years as job preparation, other kinds of business processes are not quite as regimented.”

August-Wilhelm Scheer (1941) German business theorist

Source: ARIS architecture and reference models for business process management (2000), p. 379.

Business

“Most companies are saddled with institutional constraints. A company's history, for example, may commit it to an industry that now offers limited opportunity. A more common problem is a shareholder constituency that pressures its manager to dance to Wall Street's tune. Many CEOs resist, but others give in and adopt operating and capital-allocation policies far different from those they would choose if left to themselves.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

2003 Chairman's Letter http://www.berkshirehathaway.com/letters/2003ltr.pdf Letters to Shareholders (1957 - 2012)

History, Problem, Dance

“• Amendment in the Miscellaneous Personnel Benefits Fund and the Pension and Gratuity Fund, requiring the DBM to submit, within the first quarter, to Congress the amounts allocated to the Judicial Branch, Legislative Branch, Constitutional Commissions, and the Ombudsman, and that in no case shall releases to the said offices exceed the amount submitted to Congress also for purposes of utilizing these as savings to augment the budget of these constitutional offices;”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“During this period I was able to carry out only one project of real interest to me. Pure Oil was a fully integrated oil company in the sense that they engaged in exploration for oil, construction of oil wells, production of crude oil, transportation to refineries, distribution of refinery products to company owned storage facilities and to gas stations. We developed a linear programming model of the whole network hoping to discover the optimum allocation to and from connected nodes in order to meet required deliveries at minimum cost. Then we collected all the data needed by our model and ran the model. The computations took several days and the results were disappointing: The optimum allocations were not significantly different from their current practices. Is it possible that we had discovered a system of human beings in which everyone knew the payoff functions and constraints, and, over time, had evolved behavior patterns that enabled them to achieve near optimum performance? Or was it possible that our model was not detailed enough as it was based so closely on current practice that no new behavior could emerge? Or was our data incorrect? This was disappointing but great experience.”

A. Wayne Wymore (1927–2011) American mathematician

Systems Movement: Autobiographical Retrospectives (2004)

Hope, Disappointment, Behavior, Sense

“Economics is the study of how society manages its scarce resources. In most societies, resources are allocated not by an all-powerful dictator but through the combined actions of millions of households and firms.”

N. Gregory Mankiw (1958) American economist

Source: Principles of Economics (1998-), Ch. 1. Ten Principles of Economics; p. 4

Study

“… a rather different class of applications of the idea of best allocation of scarce resources… usually referred to as the theory of optimal economic growth. In most studies of this kind made in the countries with market economies there is not an identifiable client to whom the findings are submitted as policy recommendations. Nor is there an obvious choice of objective function, such as cost minimization or profit maximization in the studies addressed to individual enterprises. The field has more of a speculative character. The models studied usually contain only a few highly aggregated variables. One considers alternative objective functions that incorporate or emphasize various strands of ethical, political, or social thought. These objectives are then tried out to see what future paths of the economy they imply under equally simplified assumptions of technology or resource availability.”

Tjalling Koopmans (1910–1985) Dutch American economist

Source: Concepts of Optimality and Their Uses, 1975, p. 244

Idea, Optimism, Study, Future

“All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.”

Michael Lewis book The Big Short

Epilogue, Everything Is Correlated, p. 258
The Big Short (2010)

People

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

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

Age, Success

“As the lists multiply in number and the lists themselves grow longer, we should ask ourselves who the real victims are in the confusion sowed by Ms. Napoles and those who supposedly want to shed light on the Pork Barrel Scam. Those who have been unfairly dragged into this mess are not the real victims; these lists and affidavits are baseless and lack the kind of evidentiary support that can establish cases against many of those who have been named, myself included. The real victims here are our citizens. After learning the scale at which funds allocated to help them have been efficiently and systematically plundered, our people now seek redress. As it stands, there is an opportunity for our people to obtain justice as the Ombudsman already found probable cause which concluded to filing of the cases. Again, I assure the public that I have never allocated public money using the PDAF or budgetary incentives to any fictitious NGOs set up by Ms. (Janet) Napoles nor have I dealt with her to supposedly solicit or receive campaign funds. Such claim is a total falsity and runs counter to common sense because as early as October of 2009, I already withdrew any intention to run for the presidency and in 2010, I was not even a candidate for any elective position. And by Ms. Napoles’ own list, I am the only one who did not allocate any funds to her foundations from my PDAF releases. Let's keep our eye on the ball and remain vigilant to ensure the conviction of those who truly deserve to be punished for the misuse of public funds. Let us persuade our authorities to focus on evidence, testimonial or otherwise, that has probative value to avoid distractions.”

Francis Escudero (1969) Filipino politician

Escudero, F. [Francis]. (2014, May 28). Retrieved from Official Facebook Page of Francis Escudero https://www.facebook.com/senchizescudero/posts/10152473011595610/ 2014, Facebook

Money, People, Justice, Support

“A is for audition sense, knowing what to prepare for auditions and finding your niche; B is for business sense, submitting through Back Stage, reading Ross Reports, allocating funds every week for materials; C is for common sense, knowing how to weed out scam artists and follow your instincts, not your ego D is for driving sense, performing regularly, taking classes, practicing your craft; and E is for exit sense, which, he says, means know when to leave an audition; exit your emotions. Look for and enter the next audition fresh and enthusiastic.”

Carson Grant (1950) American actor

Davis, Leesa, "Who Got the Part: Carson Grant", Backstage, November 9, 2006, p. 18.
About his ABC's audition philosophy printed in 2006 Backstage.

Business, Sense, Reading

“As chief secretary, I was having a terrible time doing what I didn’t go into politics to do — cutting public expenditure. And I was having meetings with every departmental minister about their budget. They all wanted more money — Tony Benn and Barbara Castle more than most. I decided that I could get rid of three Cabinet ministers — the secretaries of state for Scotland, Wales and Northern Ireland — if I could settle on a formula for their budgets. So I set up this method for allocating public expenditure that the Cabinet then agreed to.”

Joel Barnett, Baron Barnett (1923–2014) British politician

Explaining the origin of the Barnett formula. Daily Telegraph http://www.telegraph.co.uk/news/obituaries/11205400/Lord-Barnett-obituary.html obituary, 3 Nov 2014

Money, Time

“We’re now in the seventh year of a slump brought on by Wall Street excess; the wizardly job of “allocating the economy’s investment resources” consisted, we now know, largely of funneling money into a real estate bubble.”

Paul Krugman (1953) American economist

"Iron Men of Wall Street" http://krugman.blogs.nytimes.com/2014/02/16/iron-men-of-wall-street/, 16 February 2014 The Conscience of a Liberal blog

Money

“Strategy can be defined as the determination of the long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals”

Alfred D. Chandler, Jr. (1918–2007) American historian

Chandler (1962) Strategy and Structure. p. 13.

“It is not possible to design a laboratory resource allocation experiment without designing an institution in all its detail.”

Vernon L. Smith (1927) American economist

Source: "Microeconomic systems as an experimental science," 1982, p. 923.

“I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.”

Joseph E. Stiglitz (1943) American economist and professor, born 1943.

Autobiographical Essay (2001)

“The basic hypothesis is that, while the total supply of entrepreneurs varies among societies, the productive contribution of the society's entrepreneurial activities varies much more because of their allocation between productive activities such as innovation and largely unproductive activities such as rent seeking or organized crime. This allocation is heavily influenced by the relative payoffs society offers to such activities. This implies that policy can influence the allocation of entrepreneurship more effectively than it can influence its supply. Historical evidence from ancient Rome, early China, and the Middle Ages and Renaissance in Europe is used to investigate the hypotheses.”

William J. Baumol (1922–2017) American economist

Source: "Entrepreneurship: Productive, unproductive, and destructive," 1996, p. 3

Age

“Conventional economic theory is built is built on the assumption of diminishing returns. Economic actions engender a negative feedback that leads to a predictable equilibrium for prices and market shares. Such feedback tends to stabilize the economy because any major changes will be offset by the very reactions they generate. The high oil prices of the 1970s encouraged energy conservation and increased oil exploration, precipitating a predictable drop in prices by the early 1980s. According to conventional theory, the equilibrium marks the “best” outcome possible under the circumstances: the most efﬁcient use and allocation of resources.”

W. Brian Arthur (1946) American economist

Source: Increasing Returns and Path Dependence in the Economy, (1994), p. 1: Chapter 1. Positive feedback in economics

Change

“There is little doubt that the observation that quality may depend on price (productivity on wages; default probability on interest rates) has provided a rich mine for economic theorists: A simple modification of the basic assumptions results in a profound alteration of many of the basic conclusions of the standard paradigm. The Law of Supply and Demand has been repealed. The Law of the Single Price has been repealed. The Fundamental Theorem of Welfare Economics has been shown not to be valid.
More than that, the theories that we describe here provide the basis of progress toward a unification of macroeconomics and microeconomics. They pro vide an explanation of unemployment and credit rationing, derived from basic microeconomic principles. It is a theory in which the extensive idleness that periodically confronts society's resources, human and capital, is seen as but the most obvious example of market failures that prevasively and persistently distort the allocation of resources.”

Joseph E. Stiglitz (1943) American economist and professor, born 1943.

"The Causes and Consequences of The Dependence of Quality on Price", Journal of Economic Literature, Vol. 25, No. 1 (Mar., 1987)

Law, Failure, Dependency

“It was not, however, a matter of interest to me only with respect to my divisions, since as a member of the Executive Committee, I was a kind of general executive and so had begun to think from the corporate viewpoint. The important thing was that no one knew how much was being contributed — plus or minus — by each division to the common good of the corporation. And since, therefore, no one knew, or could prove, where the efficiencies and inefficiencies lay, there was no objective basis for the allocation of new investment. This was one of the difficulties with the expansion program of that time. It was natural for the divisions to compete for investment funds, but it was irrational for the general officers of the corporation not to know where to place the money to best advantage. In the absence of objectivity it was not surprising that there was a lack of real agreement among the general officers. Furthermore, some of them had no broad outlook, and used their membership on the Executive Committee mainly to advance the interests of their respective divisions.
The important thing was that no one knew how much was being contributed—plus or minus—by each division to the common good of the corporation. And since, therefore, no one knew, or could prove, where the efficiencies and inefficiencies lay, there was no objective basis for the allocation of new investment.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 48-49

Money, Nature, Thinking, Time

“When a firm chooses to allocate its most valuable resources away from clients and to young stars, the economic consequences are real and visible.”

Jay W. Lorsch (1932) American organizational theorist

Lorsch & Thomas J. Tierney (2002), Aligning stars, p. 73

Star

“Socialism, wherever it actually had the means to plan a society, to pursue efficaciously its vision of the abolition of private property, economic inequality, and the allocation of capital and goods by free markets, culminated in the crushing of individual, economic, religious, associational, and political liberty. Its collectivization of agriculture alone led to untold suffering, scarcity, and contempt for property as the fruit of labor.”

Alan Charles Kors (1943) American academic

2000s, Can There Be an "After Socialism"? (2003)

Suffering

“c) all legal provisions of past and present Congressional Pork Barrel Laws, such as the previous PDAF and CDF Articles and the various Congressional Insertions which confer or conferred personal, lump-sum allocations to legislators from which they are able to fund specific projects which they themselves determine;”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

Law, Past, Personality

“Based on the approved development allocation for 2018 (by the central government), MYR4.1 billion was earmarked for Sabah and we want to ensure that it is fully spent for the sake of development in the state. Priority has been given to the education sector so that the dilapidated schools that exist in Sabah are promptly developed.”

Mohamed Azmin Ali (1964) Malaysian politician

Mohamed Azmin Ali (2018) cited in " Azmin wants to ensure that allocation is properly spent for upgrading of rundown schools in Sabah https://www.thestar.com.my/news/nation/2018/09/15/azmin-wants-to-ensure-that-allocation-is-properly-spent-for-upgrading-of-rundown-schools-in-sabah/" on The Star Online, 15 September 2018

Education, School

“In modern industry the managerial groups in many areas rise to a position more significant than that of the owners or the workers. Decision often rests largely in their hands, providing, of course, they are able to point to a generous measure of financial success in their particular enterprise. Wages to the workers, profits to the owners, prices and goods to the consumers--these are allocated in great measure by the managers of the concern and tolerated on the terms just stated.
The managerial group develops also in other social groups as well as in industry. Labor, agriculture, and professional associations tend to set up a strong structure in which the managerial skills and personalities are very prominent. In the ecclesiastical groupings this form of organization has long been evident, not only in the Catholic church but in other creeds and organizations as well.”

Charles Edward Merriam (1874–1953) American political scientist

Source: Systematic Politics, 1943, p. 162-3 ; as cited in Albert Lepawsky (1949), Administration, p. 15-16

Decision, Strong, Success, Personality

“Organization is the arrangement of personnel for facilitating the accomplishment of some agreed purpose through the allocation of functions and responsibilities. It is the relating of efforts and capacities of individuals and groups engaged upon a common task in such a way as to secure the desired objective with the least friction and the most satisfaction to those for whom the task is done and those engaged in the enterprise.”

Marshall E. Dimock (1903–1991) American writer

John M. Gaus, Leonard Dupee White, and Marshall E. Dimock. "A theory of organization in public administration." The Frontiers of Public Administration (1936): 66.; Bold text cited in Philip Selznick (1948, 25)

Way, Effort

“The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity – the political allocation of wealth and opportunity – is not merely susceptible to corruption, it is corruption.””

George Will (1941) American newspaper columnist, journalist, and author

Column, May 14, 2009, "Tincture of Lawlessness" http://www.realclearpolitics.com/articles/2009/05/14/tincture_of_lawlessness_96482.html at realclearpolitics.com. 2000s

Justice, Freedom, Dependency, Wealth

“She still believes in classical economics, the allocation of resources under conditions of scarcity. Information doesn’t work that way.”

Charles Stross book Accelerando

Source: Accelerando (2005), Chapter 2 (“Troubadour”), p. 72

Way

“Three precepts are offered to constitute a foundation for the use of laboratory experimental methods in testing hypotheses about the behavior of allocation mechanisms.”

Vernon L. Smith (1927) American economist

Source: "Relevance of laboratory experiments to testing resource allocation theory," 1980, p. 346.

Behavior

“Thus we may found the science for the study of the life of signs against the background of social life; it would form part of social psychology, and consequently of general psychology; we shall call it semiology (from Greek sēmeion — 'sign'). That science would explain to us in what signs consist of and by what laws they are governed. Since it is a science which does not yet exist, we do not know what it will be like; it has, however, a reason for its existence, its place is allocated in advance. Linguistics is only a part of that general science; the laws which semiology will discover, will be applicable also to linguistics, which in turn will be linked with a domain clearly defined throughout the entirety of human affairs.”

Ferdinand de Saussure book Course in General Linguistics

Source: Cours de linguistique générale (1916), p. 33; as cited in: Adam Schaff (1962). Introduction to semantics, p. 9

Life, Law, Study, Science

“Mathripala Sirisena: Let me explain the facts. First, let's look at my brother who is Chairman of the Telecom company. You have to differentiate between nepotism, and members of the family getting involved in governance. When you take the telecom institution, it's a mix of state and private sector. Importantly, it comes under a different ministry: it's an institution that comes under a different minister. My brother hasn't been involved in governance in any instance. On the other side, you mentioned my son-in-law, he has in no way been given a powerful position. He has only a minor position on my personal staff. Then you mention my son. Usually, we all know that when you go to the UN General Assembly, there are a certain number of seats allocated to each country's delegation. It's only in accordance with that allocation that government representatives from here attended. I must very clearly say: my son was not included in that number. I totally reject describing this as nepotism. Because in politics, we also need to look at people's understanding, our culture. So within these issues, we have to look at the way the government acted, before I came to power and how we act today. So I must clearly say no member of family has been involved in governance at any point.”

Maithripala Sirisena (1951) Sri Lankan politician, 7th President of Sri Lanka

Talk to Al Jazeera - Sri Lankan president: No allegations of war crimes https://www.youtube.com/watch?v=udGmG-eqJ6o

People, Family, Law, Way

“Mo: Toni, come on! I know you're in a lot of pain, but you hafta look at the grand scheme of things! Listen, the environment is polluted beyond the point of no return, nickels and dimes are allocated for AIDS research while billions go into radar systems for blowing up civilians in the Persian Gulf, and we've got to spend the next two months being assaulted with hypocritical hype as two morally bankrupt white boys gear up for another electoral farce! Having a rough time in your relationship kinda pales in comparison, huh?
Toni: Gee, Mo… thanks. I can always count on you.”

Alison Bechdel book Dykes to Watch Out For

#40, "The Big Picture" (1988), collected in New, Improved! DTWOF (1990).
Dykes to Watch Out For

Pain, Boy, Time

“There was another major phase of split-brain research where we studied the patients as a way of getting at the other questions very much alive in neuroscience, everything from questions about visual midline overlap to spatial attention and resource allocations. At this point the split-brain patients provided a way of examining cortical-subcortical relationships, and other matters.”

Michael S. Gazzaniga (1939) American neuroscientist

[Interview with Michael Gazzaniga, 2011, 12 April, Annals of the New York Academy of Science]

Way, Question, Study

“I will be even briefer than Fabian, I thought I would creep in the back and I don’t have to say anything but what I would like to say and I came in when Eddy was 10 speaking and that was because we had a very constructive meeting with the High Commissioner yesterday and we made some decisions which is always good. Where I disagree sometimes with the Greek Cypriots is that I wanted to vote for Turkey never to be in the European Union! I have no interest in Turkey being in the EU until all, a whole host of problems are resolved and it is of course the Cyprus problem for me first on the agenda, but it is the Kurdish problem, its the military backing barracks, and all the rest of that, you know there are no human rights and many human rights violations in Turkey. So whether it takes 20 years or longer that makes me think that Turkey is using Cyprus as a lever to get as much out of it as is possible and of course the longer it takes for them not to be a member the longer that lever takes and the longer we will have 200,000 or 300,000 Turks settled in Cyprus and that becomes a very much bigger problem than it is now already and I think that I have said that at three or four meetings before rather than us talking about the problem of Cyprus which makes that it becomes a problem for the Republic as it is worldwide known we ought to talk about the problem of Turkey, it is really a 100% Turkish problem that they're not acting in the way in which they should be acting and if that’s the case well shove it to them! And I saw about 50 Turkish … [(A Turkish Cypriot member of the audience accused him saying "You are racist!" and returns his comments…. Many interruptions and heckling from the audience, some Greek Cypriots shouted for the Turkish Cypriot to get out if he didn’t like what he was hearing and three or four police officers arrived in the room.)] Well, it has certainly allocated my speech time and I would only say to the gentleman that we have nothing against honest straightforward Turkish Cypriots but Turkey is using the occupied territory to settle Turkish people they don’t necessarily want in Turkey, many are unemployed, that is not racism, that is a set of true facts and I don’t know whether you are a Turkish Cypriot or a Turkish person I have no disrespect for anybody in the world, but I have deep disrespect for the Turkish Government and the Turkish military and that is my last word on that!”

Rudi Vis (1941–2010) British politician

[At the Friends of Cyprus meeting in the Jubilee Room at the House of Commons, 3rd July 2007] (see External links for transcript)

People, World, Way, Problem

“A resource allocation method that requires that I serve my fellow man in order to have a claim on what he produces is far more moral than government resource allocation. The government can offer, justifying it with one reason or another, "Williams, you don't have to serve your fellow man in order to have a claim on what he produces. Through the tax code, we'll take what he produces and give it to you." Of course, if I were to privately take what my fellow man produced, we'd call it theft. The only difference is when the government does it, that theft is legal but nonetheless theft — the taking of one person's rightful property to give to another.”

Walter E. Williams (1936) American economist, commentator, and academic

2010s, Markets, Governments, and the Common Good

Personality

“Regulatory policies are inherently redistributive; that is, they involve the seizure of earned income for purposes of allocating this income in ways the government’s policymakers believe are more important than do those whose income has been seized.”

Tibor R. Machan (1939–2016) Hungarian-American philosopher

Source: Private Rights and Public Illusions (1994), p. 154

Way

“The behavioral foundations of capitalism do, of course, continue to engage attention, and the pursuit of self-interest still occupies a central position in theories about the workings and successes of capitalism. But in these recent theories, interests are given a rather different—and much more "positive"—role in promoting efficient allocation of resources through informational economy as well as the smooth working of incentives, rather than the negative role of blocking harmful passions.”

Amartya Sen (1933) Indian economist

1990s, Foreword to The Passions and the Interests (1996)

Behavior, Passion, Success

“Bukharin, like Lenin, regarded the system of basing economic life on mass terror not as a transient necessity but as a permanent principle of socialist organization. He did not shrink from justifying all means of coercion and held, like Trotsky at the same period, that the new system called essentially for the militarization of labour – i. e. the use of police and military force to compel the whole population to work in such places and conditions as the state might arbitrarily decree. Indeed, once the market is abolished there is no longer any free sale of labour or competition between workers, and police coercion is therefore the only means of allocating "human resources". If hired labour is eliminated, only compulsory labour remains. In other words, socialism – as conceived by both Trotsky and Bukharin at this time – is a permanent, nation-wide labour camp.”

Leszek Kolakowski (1927–2009) Philosopher, historian of ideas

pg. 28-9
Main Currents Of Marxism (1978), Three Volume edition, Volume III: The Breakdown

Life, Time

“Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another.”

Gary S. Becker book A Treatise on the Family

Book abstract 2009
A Treatise on the Family, 1981

Fate, Marriage, Children, Health

“One can in particular interpret the proposition as a statement conditions under which the simplicity of incentive structure and the economies of information handling characteristic of a competitive market organization can be secured without loss of efficiency of allocation… The price system carries to each producer, resource holder, or consumer a summary of information about the production possibilities, resource availabilities and preferences of all other decision makers. Under the conditions postulated, this summary is all that is needed to keep all decision makers reconciled with a Pareto optimal state once it has been established.”

Tjalling Koopmans (1910–1985) Dutch American economist

Source: Three Essays (1957), p. 53, as cited in: Harold Kincaid, ‎Don Ross (2009) The Oxford Handbook of Philosophy of Economics. p. 128

Optimism, Decision, Loss

“Our fifth premise is that the resource allocation task of top management has received too much attention when compared to the task of resource leverage.”

Gary Hamel (1954) American management expert

Source: Competing for the Future, 1996, p. 174

“There are many other organizations beside the government and the firm. But all of them, whether political party or revolutionary movement, university or church, share the common characteristics of the need for collective action and the allocation of resources through nonmarket methods.”

Kenneth Arrow (1921–2017) American economist

Source: 1970s-1980s, The Limits Of Organization (1974), Chapter 1, Rationality: Individual And Social, p. 26

Universe

“The market remained the generator of demand for goods and services, but modern business enterprise took over the functions of coordinating flows of goods and services through existing processes of production and distribution, and of allocating funds and personnel for future production and distribution. As modern business enterprise acquired functions hitherto carried out by the market, it became the most powerful institution in the American economy and its managers the most influential group of economic decision makers. The rise of modern business enterprise in the United States, therefore, brought with it managerial capitalism.”

Alfred D. Chandler, Jr. (1918–2007) American historian

Source: The Visible Hand (1977), p. 1.

Business, Decision, Future

“It is the the duty of a Webmaster to allocate URIs which you will be able to stand by in 2 years, in 20 years, in 200 years.”

Tim Berners-Lee (1955) British computer scientist, inventor of the World Wide Web

Cool URIs don't change http://www.w3.org/Provider/Style/URI.html

“The proposition that markets drive economic efficiency is central to much of economics. Adam Smith illustrated that the “invisible hand” of the market drives efficient allocation of resources in a system of division of labor. Friedrich Hayek illustrated the central importance of the price system as an information processing mechanism more powerful than any centrally planned system could ever be. Kenneth Arrow and Gerard Debreu illustrated that complete and perfect markets deliver a Pareto-efficient equilibrium, in which no one person can be made better off without making someone else worse off. And the development of the efficient- market and rational- expectations hypotheses suggested that financial markets are in fact efficient, and that the conditions required for efficiency and for rational and stable equilibria apply even in contracts between the present and the future, which financial markets provide.”

Adair Turner, Baron Turner of Ecchinswell (1955) British businessman

Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution

Future, Personality, Perfection

“A myth is, of course, not a fairy story. It is the presentation of facts belonging to one category in the idioms appropriate to another. To explode a myth is accordingly not to deny the facts but to re-allocate them.”

Gilbert Ryle book The Concept of Mind

Introduction
The Concept of Mind (1949)

“Organization is the arrangement of personnel for facilitating the accomplishment of some agreed purpose through allocation of functions and responsibilities. It is the relating of efforts and capacities of individuals and groups engaged upon a common task in such a way as to secure the desired objective with the least friction and the most satisfaction to those for whom the task is done and those engaged in the enterprise.”

Leonard D. White (1891–1958) American historian

John M. Gaus, Leonard Dupee White, and Marshall E. Dimock. Frontiers of public administration. (1936).

Way, Effort

“I think the basic misconception is to speak of the so-called “best” allocation of resources. What is the best? In common economics it is defined as what would be if we knew everything. Economists operate with the fictitious assumption that all the relevant data is known, but this is totally unrealistic. Nobody knows all the data. What we have is widely dispersed knowledge, which cannot be concentrated in one mind. To call the situation—which would use all the knowledge available—“optimal” is nonsense because it is by definition a non-achievable solution. Our problem is not the full utilization of all knowledge but the best use we can achieve with any known institutional structure. In that sense, some oligopolistic (and even monopolistic situations), represent the best possible utilization of knowledge that we can achieve. Even the action of a monopolist can be extremely beneficial.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1960s–1970s, A Conversation with Professor Friedrich A. Hayek (1979)

Optimism, Knowledge, Problem, Thinking

“As a mathematical object, the constitution is maximally simple, consistent, necessarily incomplete, and interpretable as a model of natural law. Political authority is allocated solely to serve the constitution. There are no authorities which are not overseen, within nonlinear structures. Constitutional language is formally constructed to eliminate all ambiguity and to be processed algorithmically. Democratic elements, along with official discretion, and legal judgment, is incorporated reluctantly, minimized in principle, and gradually eliminated through incremental formal improvement. Argument defers to mathematical expertise. Politics is a disease that the constitution is designed to cure.”

Nick Land (1962) British philosopher

"A Republic, If You Can Keep It" https://web.archive.org/web/20140327090001/http://www.thatsmags.com/shanghai/articles/12321 (2013) (original emphasis)

Disease, Law, Mathematics, Nature

“There are comparatively few significant inefficiencies in the allocation of the factors of production in traditional agriculture.”

Theodore Schultz (1902–1998) American economist

Source: "Transforming traditional agriculture," 1964, p. 37

“If the coup victories so we can look forward to a long conflict because we refuse to bend. We are not afraid of their guns. Honduras army pattern just 7000 men. If we take up arms, we would quickly run away so few soldiers. But our goal is to allocate the regime in a peaceful and honorable way. Women, children, youth, students, workers - we all have united us in a civic front against the coup. Even my 80 year old mother to the streets and practice non-violent resistance.”

Manuel Zelaya (1952) President of Honduras

Women, Men, Children, Youth

“Have you ever wondered, perhaps, why opinions which the majority of people quite naturally hold are, if anyone dares express them publicly, denounced as 'controversial, 'extremist', 'explosive', 'disgraceful', and overwhelmed with a violence and venom quite unknown to debate on mere political issues? It is because the whole power of the aggressor depends upon preventing people from seeing what is happening and from saying what they see.

The most perfect, and the most dangerous, example of this process is the subject miscalled, and deliberately miscalled, 'race'. The people of this country are told that they must feel neither alarm nor objection to a West Indian, African and Asian population which will rise to several millions being introduced into this country. If they do, they are 'prejudiced', 'racialist'... A current situation, and a future prospect, which only a few years ago would have appeared to everyone not merely intolerable but frankly incredible, has to be represented as if welcomed by all rational and right-thinking people. The public are literally made to say that black is white. Newspapers like the Sunday Times denounce it as 'spouting the fantasies of racial purity' to say that a child born of English parents in Peking is not Chinese but English, or that a child born of Indian parents in Birmingham is not English but Indian. It is even heresy to assert the plain fact that the English are a white nation. Whether those who take part know it or not, this process of brainwashing by repetition of manifest absurdities is a sinister and deadly weapon. In the end, it renders the majority, who are marked down to be the victims of violence or revolution or tyranny, incapable of self-defence by depriving them of their wits and convincing them that what they thought was right is wrong. The process has already gone perilously far, when political parties at a general election dare not discuss a subject which results from and depends on political action and which for millions of electors transcends all others in importance; or when party leaders can be mesmerised into accepting from the enemy the slogans of 'racialist' and 'unChristian' and applying them to lifelong political colleagues...

In the universities, we are told that education and the discipline ought to be determined by the students, and that the representatives of the students ought effectively to manage the institutions. This is nonsense—manifest, arrant nonsense; but it is nonsense which it is already obligatory for academics and journalists, politicians and parties, to accept and mouth upon pain of verbal denunciation and physical duress.

We are told that the economic achievement of the Western countries has been at the expense of the rest of the world and has impoverished them, so that what are called the 'developed' countries owe a duty to hand over tax-produced 'aid' to the governments of the undeveloped countries. It is nonsense—manifest, arrant nonsense; but it is nonsense with which the people of the Western countries, clergy and laity, but clergy especially—have been so deluged and saturated that in the end they feel ashamed of what the brains and energy of Western mankind have done, and sink on their knees to apologise for being civilised and ask to be insulted and humiliated.

Then there is the 'civil rights' nonsense. In Ulster we are told that the deliberate destruction by fire and riot of areas of ordinary property is due to the dissatisfaction over allocation of council houses and opportunities for employment. It is nonsense—manifest, arrant nonsense; but that has not prevented the Parliament and government of the United Kingdom from undermining the morale of civil government in Northern Ireland by imputing to it the blame for anarchy and violence.

Most cynically of all, we are told, and told by bishops forsooth, that communist countries are the upholders of human rights and guardians of individual liberty, but that large numbers of people in this country would be outraged by the spectacle of cricket matches being played here against South Africans. It is nonsense—manifest, arrant nonsense; but that did not prevent a British Prime Minister and a British Home Secretary from adopting it as acknowledged fact.”

Enoch Powell (1912–1998) British politician

The "enemy within" speech during the 1970 general election campaign; speech to the Turves Green Girls School, Northfield, Birmingham (13 June 1970), from Still to Decide (Eliot Right Way Books, 1972), pp. 36-37.
1970s

Pain, People, World, Education

“Whatever the place allocated us by providence, that is for us the post of honor and duty. – God estimates us not by the position we are in, but by the way in which we fill it.”

Tryon Edwards (1809–1894) American theologian

Source: A Dictionary of Thoughts, 1891, p. 545; also reported in Josiah Hotchkiss Gilbert, Dictionary of Burning Words of Brilliant Writers (1895), p. 203.

God, Way

“The mark of a capitalistic society is that resources are owned and allocated by such nongovernmental organizations as firms, households, and markets. Resource owners increase productivity through cooperative specialization and this leads to the demand for economic organizations which facilitate cooperation. When a lumber mill employs a cabinetmaker, cooperation between specialists is achieved within a firm, and when a cabinetmaker purchases wood from a lumberman, the cooperation takes place across markets (or between firms). Two important problems face a theory of economic organization—to explain the conditions that determine whether the gains from specialization and cooperative production can better be obtained within an organization like the firm, or across markets, and to explain the structure of the organization.”

Harold Demsetz (1930–2019) American economist

Source: Production, information costs, and economic organization. 1972, p. 777, Lead paragraph

Problem

“The necessity for power is obvious, because life cannot be lived without order; but the allocation of power is arbitrary because all men are alike, or very nearly. Yet power must not seem to be arbitrarily allocated, because it will not then be recognized as power. Therefore prestige, which is illusion, is of the very essence of power.”

Simone Weil (1909–1943) French philosopher, Christian mystic, and social activist

Source: Simone Weil : An Anthology (1986), The Power of Words (1937), p. 235

Life, Men

“In other words, since you cannot successfully time the market or select individual stocks, asset allocation should be the major focus of your investment strategy, because it is the only factor affecting your investment risk that you can control.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 4, The Perfect Portfolio, p. 108.

Time

“The realistic way to reduce the amount of money in politics is to reduce the amount of politics in money -- the importance of government in allocating wealth and opportunity.”

George Will (1941) American newspaper columnist, journalist, and author

Column, April 12, 2001, "PACs and McCain-Feingold" http://townhall.com/columnists/georgewill/2001/04/12/pacs_and_mccain-feingold at townhall.com. 2000s

Money, Way, Wealth

““The loan of a jacket is little hardship,” Fox replied mildly. “I retain my shirt, waistcoat, trousers, and much else besides. Truly the vast difference in the quantity of fabric allocated to fashionable men and women is inexplicable.”

David D. Levine (1961) science fiction writer

Source: Arabella and the Battle of Venus (2017), Chapter 11, “Prisoners” (p. 166)

Women, Men, Fashion

“In rich economies, stability matters a lot; small further increases in allocative efficiency matter less. Thus, policy should be heavily focused on ensuring macroeconomic and financial stability and very wary of financial innovation if it carries with it any risk of increased instability.”

Adair Turner, Baron Turner of Ecchinswell (1955) British businessman

Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution

“Contemporary theories of politics tend to portray politics as a reflection of society, political phenomena as the aggregate consequences of individual behavior, action as the result of choices based on calculated self-interest, history as efficient in reaching unique and appropriate outcomes, and decision making and the allocation of resources as the central foci of political life. Some recent theoretical thought in political science, however, blends elements of these theoretical styles into an older concern with institutions. This new institutionalism emphasizes the relative autonomy of political institutions, possibilities for inefficiency in history, and the importance of symbolic action to an understanding of politics. Such ideas have a reasonable empirical basis, but they are not characterized by powerful theoretical forms. Some directions for theoretical research may, however, be identified in institutionalist conceptions of political order.”

James G. March (1928–2018) American sociologist

James G. March and Johan P. Olsen. "The new institutionalism: organizational factors in political life." American political science review 78.03 (1983): 734-749.

Life, Behavior, History, Idea

“While there are periodic calls from libertarians and others for the privatization or elimination of the program, given the first political opportunity to dramatically influence the Medicare program, a conservative White House and Congress sought to strengthen, not weaken, the program. To be sure, debates will linger about whether Medicare is too large or too small. Debates remain about the allocation of Medicare dollars. But December 8, 2003, demonstrated that there is no debate on this most fundamental fact: Medicare must survive.”

Michael Johns (1964) American businessman

"The Great Society Meets the 21st Century," Orthopedic Technology Review, January 2004, by Michael Johns: 'Medicare Must Survive'

Housing

“I thank the honorable Senate President for entrusting the undersigned with the critical responsibility of managing the Senate's role in fulfilling Congress' duty to oversee the Executive Department's use of public funds and to ensure the allocation of the same is guided by what is in the best interests of our people.”

Francis Escudero (1969) Filipino politician

2015, Letter to Senate President Franklin Drilon

People

“In general the claim can be supported that a view of classical political economy as committed to extreme laissez-faire or unmitigated economic individualism misrepresents or at the very least analytically overgeneralizes their circumscribed theoretical and practical aims. In general then, with regard to both political and economic liberty, the classical political economists might be seen to be united in their efforts to theorize and systematize the productive and allocating functions of the mechanism of the market as the most efficient means to engender the growth of wealth. At the same time, classicals such as Smith, Malthus, Ricardo, and Mill recognized that the market, of necessity, operated in a larger context of restriction – not only legal, but equally as important, within political, religious, moral, and conventional restrictions – which could not be readily or in some cases even desirably overcome.”

Shannon C. Stimson (1951) American political theorist

"Classical Political Economy", in Coole, Diana H.; Gibbons, Michael; Ellis, Elisabeth et al., The encyclopedia of political thought (2014); see also Adam Smith

Support, Effort, Time, Wealth

“I have never allocated public funds using the PDAF or budgetary incentives to any fictitious NGOs created by Janet Napoles or anyone to steal people’s money.”

Francis Escudero (1969) Filipino politician

Bicol Mail http://www.bicolmail.com/2012/?p=15627 2014

Money, People

Johan Olsen (1939) Norwegian political scientist

James G. March and Johan P. Olsen. "The new institutionalism: organizational factors in political life." American political science review 78.03 (1983): 734-749; Abstract.

Life, Behavior, History, Idea

“Of all these offenses the one that is most widely, frequently, and vehemently denounced is undoubtedly imperialism—sometimes just Western, sometimes Eastern (that is, Soviet) and Western alike. But the way this term is used in the literature of Islamic fundamentalists often suggests that it may not carry quite the same meaning for them as for its Western critics. In many of these writings the term "imperialist" is given a distinctly religious significance, being used in association, and sometimes interchangeably, with "missionary," and denoting a form of attack that includes the Crusades as well as the modern colonial empires. One also sometimes gets the impression that the offense of imperialism is not—as for Western critics—the domination by one people over another but rather the allocation of roles in this relationship. What is truly evil and unacceptable is the domination of infidels over true believers. For true believers to rule misbelievers is proper and natural, since this provides for the maintenance of the holy law, and gives the misbelievers both the opportunity and the incentive to embrace the true faith. But for misbelievers to rule over true believers is blasphemous and unnatural, since it leads to the corruption of religion and morality in society, and to the flouting or even the abrogation of God's law. This may help us to understand the current troubles in such diverse places as Ethiopian Eritrea, Indian Kashmir, Chinese Sinkiang, and Yugoslav Kossovo, in all of which Muslim populations are ruled by non-Muslim governments. It may also explain why spokesmen for the new Muslim minorities in Western Europe demand for Islam a degree of legal protection which those countries no longer give to Christianity and have never given to Judaism. Nor, of course, did the governments of the countries of origin of these Muslim spokesmen ever accord such protection to religions other than their own. In their perception, there is no contradiction in these attitudes. The true faith, based on God's final revelation, must be protected from insult and abuse; other faiths, being either false or incomplete, have no right to any such protection.”

Bernard Lewis (1916–2018) British-American historian

Books, The Roots of Muslim Rage (1990)

God, People, Faith, Religion

“Akin to, and largely responsible for the sweeping changes in our industrial-military posture, has been the technological revolution during recent decades. In this revolution, research has become central, it also becomes more formalized, complex, and costly. A steadily increasing share is conducted for, by, or at the direction of, the Federal government.
Today, the solitary inventor, tinkering in his shop, has been overshadowed by task forces of scientists in laboratories and testing fields. In the same fashion, the free university, historically the fountainhead of free ideas and scientific discovery, has experienced a revolution in the conduct of research. Partly because of the huge costs involved, a government contract becomes virtually a substitute for intellectual curiosity. For every old blackboard there are now hundreds of new electronic computers. The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present — and is gravely to be regarded.
Yet, in holding scientific research and discovery in respect, as we should, we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite.”

Dwight D. Eisenhower (1890–1969) American general and politician, 34th president of the United States (in office from 1953 to 1961)

1960s, Farewell address (1961)

Money, Idea, Fashion, Universe

“Four decades after the mullahs created the Khomeinist republic their revolution has not produced a single poet worth the name. Khomeini and Khamenei, both amateur poets, have produced nothing but frankly embarrassing imitations of classical ghazal without its charm. The last remaining great poets of the pre-revolution era are all in exile, among them Hushang Ebtehaj, Manuchehr Yektai, Yadollah Roya’i, Esmail Khoi, Muhammad Jalali, and Hadi Khorsandi. Inside Iran, some promising younger poets such as Sa’id Sultanpour, Heydar Mehregan, and, more recently, Hashem Shaabani were executed by the regime but gained posthumous popularity greater than any officially endorsed poet. At the same time, almost all of Iran’s poets, from the 9th century to this day, are either censored or, in rare cases, totally banned by the mullahs. Most poets of the past 100 years are on various blacklists established by the oxymoronically named Ministry of Islamic Guidance and Culture. And, yet, Khamenei calls on the government to prepare a plan, and allocate resources, to increase the production of poetry as if it were the same as centrifuges churning out enriched uranium.”

Amir Taheri (1942) Iranian journalist

When the Ayatollah Dictates Poetry http://www.aawsat.net/2015/07/article55344336/when-the-ayatollah-dictates-poetry, Ashraq Al-Awsat (Jul 11, 2015).

Time, Past

“Inflation and Employment in capitalist countries, in my own view, the change is the other way around: the constraints on the pressure of demand tend to be excessive, with the result that unemployment is much greater than can be justified by the needs of resource-allocation, and the rate of economic growth is appreciably less than it could be.
The main reason for this is that the distribution of power and, ultimately, the distribution of incomes, changes in favor of labor the faster the economy grows and the nearer it is to full employment, and over a longer period it changes in favor of capital the greater the volume of unemployment. This is the real reason why the continuance of Keynesian policies after the war led to a recrudescence of long-discredited ideas that go by the name of “monetarism.” The main attraction of monetarism was not its intellectual simplicity— inflation is a matter of the money supply, period— but that it elevated the fear of inflation to the unique position which could not be justified by the experience of numerous countries who habitually suffer from it.”

Nicholas Kaldor (1908–1986) British/Hungarian economist

Nicholas Kaldor, Economics without Equilibrium (1985), p.37-38

Money, War, Fear, Way

“Capitalism is a system in which many scarce resources are owned privately, and decisions about allocating them are a private prerogative. Democracy is a system through which people as citizens may express preferences about allocating resources that they do not privately own. Hence the perennial question of political theory and of practical politics concerns the competence of these two systems with regard to each other. Is it possible for governments to control a capitalist economy? In particular, is it possible to steer the economy against the interests and preferences of those who control productive wealth?”

Adam Przeworski (1940) Polish-American academic

Adam Przeworski and Michael Wallerstein, The American Political Science Review (Mar., 1988)

People, Democracy, Question, Decision

“Market power and externalities are examples of a general phenomenon called market failure—the inability of some unregulated markets to allocate resources efficiently. When markets fail, public policy can potentially remedy the problem and increase economic efficiency. Microeconomists devote much effort to studying when market failure is likely and what sorts of policies are best at correcting market failures. As you continue your study of economics, you will see that the tools of welfare economics developed here are readily adapted to that endeavor. Despite the possibility of market failure, the invisible hand of the marketplace is extraordinarily important.”

N. Gregory Mankiw (1958) American economist

Source: Principles of Economics (1998-), Ch. 7. Consumers, Producers, and the Efficiency of Markets; p. 150

Failure, Problem, Effort, Study

“When you have a planned economy and when you abolish private property, someone must make the decision "Plan in what ways? What do people need?" They now must make those purchase decisions for you. What should you really buy and what shouldn't you buy? Removing choice in the interest of a collective pursuit, those central planners who are one and the same time your schoolteacher, your landlord, your employer, and your police, that's an extraordinary concentration of power, ladies and gentlemen. That is an extraordinary concentration of power. They must get people of what we are planning for and you see this in the history of every communist society. Which means in the final analysis, they must govern the culture, they must control values. Its why religion or any independent thinking is such an enemy. They must control the values, the preferences, the culture, and the education and they must find ways to repress those who are urging different paths and elections don't take care of that because if you're planning an entire economy. If you're planning the allocation of all goods and services and human choices. You can't every four years turn around and say "Oh, lets abandon 'A' and do 'B'." Elections don't get you out of that dilemma.”

Alan Charles Kors (1943) American academic

2010s, Socialism's Legacy (2011), Q&A

People, Education, Religion, Way

“The governments principally involved, to the extent permitted by elementary prudence, should begin now and continue to make joint contributions from their stockpiles of normal uranium and fissionable materials to an international atomic energy agency. We would expect that such an agency would be set up under the aegis of the United Nations. […] The atomic energy agency could be made responsible for the impounding, storage and protection of the contributed fissionable and other materials. The ingenuity of our scientists will provide special safe conditions under which such a bank of fissionable material can be made essentially immune to surprise seizure. The more important responsibility of this atomic energy agency would be to devise methods whereby this fissionable material would be allocated to serve the peaceful pursuits of mankind. Experts would be mobilized to apply atomic energy to the needs of agriculture, medicine and other peaceful activities. A special purpose would be to provide abundant electrical energy in the power-starved areas of the world.”

Dwight D. Eisenhower (1890–1969) American general and politician, 34th president of the United States (in office from 1953 to 1961)

Eisenhowers proposal for the establishment of the International Atomic Energy Agency
1950s, Atoms for Peace (1953)

World, Peace

“In the West our hand of peace has reached out into empty air. The responsibility there falls on our enemies. If we have to continue the struggle, then the hearts of the people will be where the flags of the country are flying, and we hope and pray for a German victory that will bring us the peace that has been denied to us…We thank Secretary of State von Kuehlmann and his collaborators for the tenacity and diplomatic skill with which they represented our German interests at the negotiations in Brest…I now come to the question of the strategic demarcation of frontiers, the possible allocation of Polish territories to Germany and Prussia. My political friends are of the opinion that in the question of the strategic safeguarding of frontiers decisive importance should be attached to the voice of the Supreme Command. From our own national point of view we are not at all interested in having Polish territory added to Germany in any way…It will be a matter for our military leaders to examine the question to what extent strategic security of our frontiers is a vital necessity to Germany. If so, we shall accept it because there is a national need for it.”

Gustav Stresemann (1878–1929) German politician, statesman, and Nobel Peace Prize laureate

Speech in the Reichstag (19 February 1918), quoted in W. M. Knight-Patterson, Germany. From Defeat to Conquest 1913-1933 (London: George Allen and Unwin, 1945), pp. 149-150.
1910s

People, Peace, Hope, Way

“I urge Governments to considerably reduce funds allocated to the military, not only as a disarmament issue, but also as a potential contributor to social and environmental protection and call for the holding of referenda on this issue worldwide.”

Alfred de Zayas (1947) American United Nations official

United Nations expert urges states to cut military spending and invest more in human development http://www.unog.ch/80256EDD006B9C2E/(httpNewsByYear_en)/D5D061E9891363C1C1257CB7003055E0?OpenDocument. 2014

Armen Alchian (1914–2013) American economist

Source: Production, information costs, and economic organization. 1972, p. 777, Lead paragraph

Problem

“Well, maybe not death panels, exactly, but unless we start allocating health-care resources more prudently – rationing, by its proper name – the exploding cost of Medicare will swamp the federal budget.”

Steve Rattner (1952) American private equity and venture capital investor

Steve Rattner http://www.nytimes.com/2012/09/17/opinion/health-care-reform-beyond-obamacare.html, The New York Times, op-ed, 16 September 2012.

Death, Health