Quotes about allocation
page 2

Margaret Thatcher photo

“The First Welfare Theorem holds only if all consumers and firms are price takers. If some individuals or firms are price makers (they have the power to affect prices), then the allocation of resources will generally be inefficient.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 3, Tools of Normative Analysis, p. 44

Tibor R. Machan photo

“Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources with respect to actual human preferences and goals.”

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

Liberty and Research and Development: Science Funding in a Free Society, Introduction chapter: “Some Skeptical Reflections on Research and Development”, Hoover Institution Press, Stanford University (2002) p. xiii http://media.hoover.org/documents/0817929428_xi.pdf

Francis Escudero photo

“Organization is the arrangement of personnel for facilitating the accomplishment of some agreed purpose through the allocation of functions and responsibilities.”

John M. Gaus (1894–1969) American political scientist

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)
Context: 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.

Warren Buffett photo

“I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into.”

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

To Barack Obama, as quoted in The Audacity of Hope: Thoughts on Reclaiming the American Dream (2006), Ch. 5
Context: I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I’d been born into a tribe of hunters, this talent of mine would be pretty worthless. I can’t run very fast. I’m not particularly strong. I’d probably end up as some wild animal’s dinner.
But I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the financial system to let me do what I love doing — and make a lot of money doing it. The least I can do is help pay for all that.

Gustave de Molinari photo

“If the roused and insurgent consumers secure the means of production of the salt industry, in all probability they will confiscate this industry for their own profit, and their first thought will be, not to relegate it to free competition, but rather to exploit it, in common, for their own account. They will then name a director or a directive committee to operate the saltworks, to whom they will allocate the funds necessary to defray the costs of salt production. Then, since the experience of the past will have made them suspicious and distrustful, since they will be afraid that the director named by them will seize production for his own benefit, and simply reconstitute by open or hidden means the old monopoly for his own profit, they will elect delegates, representatives entrusted with appropriating the funds necessary for production, with watching over their use, and with making sure that the salt produced is equally distributed to those entitled to it. The production of salt will be organized in this manner.This form of the organization of production has been named communism.When this organization is applied to a single commodity, the communism is said to be partial.When it is applied to all commodities, the communism is said to be complete.But whether communism is partial or complete, political economy is no more tolerant of it than it is of monopoly, of which it is merely an extension.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 31

Charles Stross photo

“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.”

Nick Land (1962) British philosopher

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

Tryon Edwards photo

“Whatever the place allocated us by providence, that is for us the post of honor and duty.”

Tryon Edwards (1809–1894) American theologian

God estimates us not by the position we are in, but by the way in which we fill it.
Source: A Dictionary of Thoughts, 1891, p. 545; also reported in Josiah Hotchkiss Gilbert, Dictionary of Burning Words of Brilliant Writers (1895), p. 203.

Milton Friedman photo