Quotes about marketer
page 10

“In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.”

Robert Kuttner (1943) American journalist

Source: The Economic Illusion (1984), Chapter 1, Equality and Efficiency, p. 16

“[Since college, being a vegetarian] I physically felt cleaner and lighter. […] Later on, literally I saw somebody eating a chicken wing, and it grossed me out. … My body was, like, ‘No more. I don’t want it anymore.’ I’ve seen grocery stores change to be more welcoming to a vegetarian’s diet and it’s not as hard as it used to be going to your local supermarket trying to find a substitute. You now have sections in grocery markets that are dedicated to people who are vegetarian.”

Rocsi Diaz (1983) Television and radio personality

Interview with PETA; as quoted in "Rocsi Diaz Dons Brussel Sprouts For PETA Ad" https://www.vibe.com/2013/12/rocsi-diaz-dons-brussel-sprouts-peta-ad/, Vibe (7 December 2013).

People, Change

“Derangement is the signature expression of the Great Backlash, a style of conservatism that first came snarling onto the national stage in response to the partying and protests of the late sixties. While earlier forms of conservatism emphasized fiscal sobriety, the backlash mobilizes voters with explosive social issues — summoning public outrage over everything from busing to un-Christian art — which it then marries to pro-business economic polices. Cultural anger is marshaled to achieve economic ends. And it is these economic achievements — not the forgettable skirmishes of the never-ending culture wars — that are the movement’s greatest monuments. The backlash is what has made possible the international free-market consensus of recent years, with all the privatization, deregulation, and de-unionization that are its components. Backlash ensures that Republicans will continue to be returned to office even when their free-market miracles fail and their libertarian schemes don’t deliver and their "New Economy" collapses. It makes possible the police pushers’ fantasies of “globalization” and a free-trade empire that are foisted upon the rest of the world with such self-assurance. Because some artist decides to shock the hicks by dunking Jesus in urine, the entire plant must remake itself along the lines preferred by the Republican Party, U. S. A.The Great Backlash has made the laissez-faire revival possible, but this does not mean that it speak to us in the manner of the capitalists of old, invoking the divine right of money or demanding that the lowly learn their place in the great chain of being. On the contrary; the backlash imagines itself as a foe of the elite, as the voice of the unfairly persecuted, as a righteous protest of the people on history’s receiving end. That is champions today control all three branches of government matters not a whit. That is greatest beneficiaries are the wealthiest people on the plant does not give it pause.”

Thomas Frank book What's the Matter with Kansas?

Introduction: What's the Matter with America (pp. 5-6).
What's the Matter with Kansas? (2004)

Money, War, People, World

“The phrase ‘marriage market’ is used metaphorically and signifies that the mating of human populations is highly systematic and structured.”

Gary S. Becker book A Treatise on the Family

Source: A Treatise on the Family, 1981, p. 39

Marriage

“In strategic thinking, one first seeks a clear understanding of the particular character of each element of a situation and then makes the fullest possible use of human brainpower to restructure the elements in the most advantageous way. Phenomena and events in the real word do not always fit a linear model. Hence the most reliable means of dissecting a situation into its constituent parts and reassembling then in the desired pattern is not a step-by-step methodology such as systems analysis. Rather, it is that ultimate nonlinear thinking tool, the human brain. True strategic thinking thus contrasts sharply with the conventional mechanical systems approach based on linear thinking. But it also contrasts with the approach that stakes everything on intuition, reaching conclusions without any real breakdown or analysis… No matter how difficult or unprecedented the problem, a breakthrough to the best possible solution can come only from a combination of rational analysis, based on the real nature of things, and imaginative reintegration of all the different items into a new pattern, using nonlinear brainpower. This is always the most effective approach to devising strategies for dealing successfully with challenges and opportunities, in the market arena as on the battlefield.”

Kenichi Ohmae (1943) Japanese academic

Source: The Mind Of The Strategist, 1982, p. 304

Way, Imagination, Understanding, Nature

“Industrial age companies created sharp distinctions between two groups of employees. The intellectual elite—managers and engineers—used their analytical skills to design products and processes, select and manage customers, and supervise day-to-day operations. The second group was composed of the people who actually produced the products and delivered the services. This direct labor work force was a principal factor of production for industrial age companies, but used only their physical capabilities, not their minds. They performed tasks and processes under direct supervision of white-collar engineers and managers. At the end of the twentieth century, automation and productivity have reduced the percentage of people in the organization who perform traditional work functions, while competitive demands have increased the number of people performing analytic functions: engineering, marketing, management, and administration. Even individuals still involved in direct production and service delivery are valued for their suggestions on how to improve quality, reduce costs, and decrease cycle times…
Now all employees must contribute value by what they know and by the information they can provide. Investing in, managing, and exploiting the knowledge of every employee have become critical to the success of information age companies”

Robert S. Kaplan (1940) American accounting academic

Source: The Balanced Scorecard, 1996, p. 5-6

People, Age, Knowledge, Time

“They went running around to jewelry stores, banks, and well-stocked super-markets. There is not a single hill that they kept or liberated. On the other hand, the soldiers and officers in the army lead modest lives.”

Ratko Mladić (1943) Commander of the Bosnian Serb military

Commenting on war profiteers in interview with Robert Block, 1995
Interviews (1993 – 1995)

“It is important to remove artificial barriers–stumbling stones, often local in origin and coming from incumbent opposition to entry–and to not burden businesses with taxes that reduce their internally generated funds for reinvestment, growth and striving to overcome market challenges.”

Vernon L. Smith (1927) American economist

quoted in Nobel Economist Pans Start-Up Chile Concept http://brophyworld.com/nobel-economist-pans-start-up-chile-concept/ (2011).

Business

“The competition between chunks of capital is getting fiercer, there is the same old same old desperate need to keep wages down, desperate need to substitute machines for labour (but that costs trillions of investment) and no matter how hard you exploit workers, you still need to sell stuff to them, and if their wages are low, they can't buy the stuff. You can force the poorly paid into borrowing money (credit cards, wonga etc) but there comes a point when that causes a credit crisis: someone somewhere says they want some dosh and a bank somewhere says they haven't got the dosh (Northern Rock, last time). Let's remember, none of this is caused by migrants or left social democrats. This is a crisis entirely born from a system that is locked into competition for markets. So, these fervid rows between squadrons of extremely unpleasant individuals are rows between people who deep down know that they can't control this system of running the making and distribution of the things we need. They are just coming up with fantasies on how to stay in power while the next phase veers from crisis to crisis. It is terrible for millions of people in awful insecure, low paid jobs and/or in insecure, lousy housing, or if they are disabled, or for millions trying to migrate their way out of poverty and despair. We should be alarmed when members of the ruling class start pleading with us to take sides with them against the 'elite': one section of the elite calling for us to oppose the elite.”

Michael Rosen (1946) British children's writer

'Neither Brussels or the City - for the many not the few'. http://michaelrosenblog.blogspot.com/2018/07/neither-brussels-or-city-for-many-not.html (6 July 2018)

Money, People, Way, Time

“The organization's marketing task is to determine the needs, wants and interests of target markets and to achieve the desired results more effectively and efficiently than competitors, in a way that preserves or enhances the consumer's or society's well-being.”

Philip Kotler (1931) American marketing author, consultant and professor

Philip Kotler cited in: Morgen Witzel, "First Among Marketers". Financial Times. August 6, 2003.

Way

“If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.”

Ed Seykota (1946) American commodities trader

Source: Harris, Sunny J. Trading 102: Getting Down to Business, Wiley; 1 edition (September 1998), ISBN 0471181331 Read it here http://books.google.co.uk/books?vid=ISBN0471181331&id=lvq0DElVjRIC&pg=PA10&lpg=PA10&dq=seykota&sig=SvwZDgQxbP1_aH9Pi06-xucp4P0

“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets — for instance, whenever information is imperfect, which is to say always.”

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

"Bleakonomics" http://www.nytimes.com/2007/09/30/books/review/Stiglitz-t.html?_r=2&adxnnl=1&oref=slogin&ref=books&adxnnlx=1191080508-xgqHp+i170M7vW5X5Q4Yeg&oref=slogin The New York Times Sunday Book Review (2007-09-30).

“American society today is shaped not nearly as much by vast open spaces as it is by vast, bureaucratic organizations. Over half the working population toils away at enterprises with 500 or more employees--up from zero percent in 1800. Is this institutional immensity the logical outcome of technological forces in an all-efficient market, as some have argued?”

Charles Perrow (1925–2019) American sociologist

Charles Perrow, Organizing America: Wealth, power, and the origins of corporate capitalism. Princeton University Press, 2002/2009. Book abstract.
1980s and later

“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.”

Milton Friedman (1912–2006) American economist, statistician, and writer

"Why Government Is the Problem" (February 1, 1993), p. 19

Hate, People, Religion, Color

“Central to this book is the further assumption that man is a rational utility maximizer in all areas of life, not just in his “economic” affairs, that is, not only when engaged in buying and selling in explicit markets. This idea goes back to jeremy Bentahm in the eighteenth and early nineteenth century, but received little attention from economists until the work of Gary Becker in th 1950s and 1960s.
The concept of man as a rational maximizer implies that people respond to incentives.(…) From this proposition derive the three fundamental principles of economics.”

Richard A. Posner (1939) United States federal judge

Source: Economic Analysis of Law (7th ed., 2007), Ch. 1: The Nature of Economic Reasoning

Life, People, Books, Idea

“In the Autumn semester, 1955, I taught Principles of Economics, and found it a challenge to convey basic microeconomic theory to students. Why/how could any market approximate a competitive equilibrium? I resolved that on the first day of class the following semester, I would try running a market experiment that would give the students an opportunity to experience an actual market, and me the opportunity to observe one in which I knew, but they did not know what were the alleged driving conditions of supply and demand in that market”

Vernon L. Smith (1927) American economist

Vernon L. Smith (2002) in: " Vernon L. Smith - Biographical http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2002/smith-bio.html". Nobelprize.org. Nobel Media AB 2013. Web. 13 Jun 2014.

Autumn

“I do not support raising the minimum wage, and the reason is as follows: When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.”

John E. Sununu (1964) American politician

A Minimum of Effort http://www.prospect.org/web/page.ww?section=root&name=ViewWeb&articleId=9310. The American Prospect. (March 10, 2005)

Support, Reality

“Marketing management is the analysis, planning, implementation, and control of programs designed to create, build, and maintain beneficial exchanges with target buyers for the purpose of achieving organizational objectives.”

Philip Kotler (1931) American marketing author, consultant and professor

Philip Kotler (1993), as cited in: Gerald A. Cole (2003), Strategic Management, p. 131

“The reason there is very little support for the gold standard is the consequences of those types of market adjustments are not considered to be appropriate in the 20th and 21st century. I am one of the rare people who have still some nostalgic view about the old gold standard, as you know, but I must tell you, I am in a very small minority among my colleagues on that issue.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Speaking to a Hearing before the U.S. House of Representatives' Committee on Financial Services in 7/22/1998 http://fraser.stlouisfed.org/publication-issue/?id=13650 1990s

People, Support

“I’m very much a free market capitalist, actually. I don’t agree with a kind of totalitarian, one government or sort of universal law. I think what will happen and what is happening now is, in the same way as… In the way that countries make themselves attractive to investors through different pieces of legislation they offer, whether it’s secrecy in the case of the Cayman Islands or Switzerland, I think the fact that some countries now are offering very robust publishing laws, it will be that as information is global, what you might see is that these big internet companies like Google or Facebook, that have their servers, will start to relocate those servers to countries where they have less interference. In a way, you’re creating a kind of free market of freedom of information law.”

Heather Brooke (1970) American journalist

Attributed, Chatham House Talk (September 28, 2011)

Law, Way, Thinking, Freedom

“Elsdon was once a market town as some say, and a city according to others; but as the annals of the parish were lost several centuries ago, it is impossible to determine what age it was either the one or the other. There are not the least traces of the former grandeur to be found, whence some antiquaries are apt to believe that it lost both its trade and charter at the Deluge.”

Charles Dodgson (bishop) Anglican bishop

Quoted in Life and Letters of Lewis Carroll (1898), p. 4

Age

“The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of value is more likely to be right than the market's. In this process the investor sets his judgement against that of the market. To some this may seem arrogant or foolhardy.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 38

Idea

“The regular rhythms of factory production and its clear divisions of work time and nonwork time tend to decline in the realm of immaterial labor. Think how at the high end of labor market companies like Microsoft try to make the office more like home, offering free meals and exercise programs to keep employees in the office as many of their waking hours as possible. At the low end of the labor market workers have to juggle several job to make ends meet. Such practices always existed, but today, with the passage from Fordism to post-Fordism, the increased flexibility and mobility imposed on workers, and the decline of the stable, long-term employment typical of factory work, this tends to become the norm. At both the high end and low ends or labor market the new paradigm undermines the division between work time and the time of life.”

Antonio Negri book Multitude: War and Democracy in the Age of Empire

145
Multitude: War and Democracy in the Age of Empire

Life, Exercises, Home, Thinking

“I started out by viewing the marketplace as a cruel place, where you need intervention by government and lawyers to protect people. But after watching the regulators work, I have come to believe that markets are magical and the best protectors of the consumer. It is my job to explain the beauties of the free market.”

John Stossel (1947) American consumer reporter, investigative journalist, author and libertarian columnist

The Oregonian, 26 October 1994

People, Beauty

“The new trade theory picture of the world looks something like this: Each country has, at any given time, a set of broad resources—land, skilled labor, capital, climate, general technological competence. These resources define up to a point the industries in which the country can hope to be competitive on world markets. […] But a country's resources do not fully determine what it produces, because the detailed pattern of advantage reflects the self-reinforcing virtuous circles, set in motion by the vagaries of history.”

Paul Krugman book Peddling Prosperity

Source: Peddling Prosperity (1994), Ch. 9 : The Economics of QWERTY

World, Hope, History, Time

“The organizational fields of the largest firms continued to be unstable. There were no accepted rules to define how firms could avoid destructive competition, so they attempted to control their markets through various aggressive trade tactics, continued mergers, cartels, getting the federal government to guarantee profitability.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 89

“Neoliberalism is essentially a form of governing that sees democracy as an obstacle, at best, or as an illegitimate intervention into the rule of the market, at worst. For neoliberalism, rule by markets is understood as a form of governance that should be applied everywhere, not just to marketised goods, but to education, prisons, the organisation of state, and so on. So neoliberalism treats popular sovereignty, or decisions based on human agreement and deliberation, as inappropriate interference with the efficient market and the price mechanism.”

Wendy Brown (1955) American political theorist

Neoliberalism Has Eviscerated the Fabric of Social Life http://www.greeneuropeanjournal.eu/neoliberalism-has-eviscerated-the-fabric-of-social-life/, interview with Wendy Brown by Adam Ostolski, Green European Journal, March 2017

Education, Democracy, Decision

“We could no more have a universal world market than we could have a system in which everyone who wasn't a capitalist was somehow able to to become a respectable, regularly paid wage laborer with access to adequate dental care. A world like that has never existed and never could exist. What's more, the moment that even the prospect that this might happen begins to materialize, the whole system starts to come apart.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Eleven, "Age of the Great Capitalist Empires", p. 355

World, Universe

“Nineteenth-century civilization rested on four institutions. The first was the balance-of-power system which for a century prevented the occurrence of any long and devastating war between the Great Powers. The second was the international gold standard which symbolized a unique organization of world economy. The third was the self-regulating market which produced an unheard-of material welfare. The fourth was the liberal state. Classified in one way, two of these institutions were economic, two political. Classified in another way, two of them were national, two international. Between them they determined the characteristic outlines of the history of our civilization.
Of these institutions the gold standard proved crucial; its fall was the proximate cause of the catastrophe. By the time it failed, most of the other institutions had been sacrificed in a vain effort to save it. But the fount and matrix of the system was the self-regulating market. It was this innovation which gave rise to a specific civilization.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 1 : The Hundred Years' Peace

War, World, Way, History

“We have a booming global economy but we don't have a global society. Markets reduce everything, including human beings and nature, to commodities. Societies need more than this to prosper — such goals as political freedom and social justice.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

Marshall William Fishwick in Popular Culture: Cavespace to Cyberspace (1999)
Misattributed

Justice, Nature, Freedom

“Hayek expressed more fully and deeply than Mises the epistemological argument for free market order. The crucial issue for Hayek became not that without prices individuals cannot calculate (though he thought this to be the case), but that the division of knowledge renders centralized control of an economy or society impossible.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

Knowledge

“From the moment he switches on an early-morning news broadcast until he falls asleep at night over a novel or a magazine, he is, like all other people living in modern civilized conditions, swimming in words. Newspaper editors, politicians, salesmen, disc jockeys, columnists, luncheon club speakers, and clergymen; colleagues at work, friends, relatives, wife and children; market reports, direct-mail advertising, books, and billboards -- all are assailing him with words all day long. […] ”

S. I. Hayakawa book Language in Thought and Action

Source: Language in Thought and Action (1949), The Niagara of Words, p. 15

Children, People, Books, Night

“The breaking-up of the power of China (no very improbable event) would occasion a complete subversion of the commerce, not only of Asia, but a very sensible change in the other quarters of the world. The industry and the ingenuity of the Chinese would be checked and enfeebled, but they would not be annihilated. Her ports would no longer be barricaded; they would be attempted by all the adventures of all trading nations, who would search every channel, creek, and cranny of China for a market, and for some time be the cause of much rivalry and disorder. Nevertheless, as Great Britain, from the weight of her riches and the genius and spirits of her people, is become the first political, marine, and commercial Power on the globe, it is reasonable to think that she would prove the greatest gainer by such a revolution as I have alluded to, and rise superior over every competitor.”

George Macartney (1737–1806) British statesman, colonial administrator and diplomat

Our First Ambassador to China (Biography, 1908)

People, World, Search, Thinking

“My broad position remains firmly libertarian, sceptical of official cover-ups and uncompromisingly internationalist, believing sovereignty to be an almost total illusion in the modern world, although both expecting and welcoming the continuance of strong differences in national traditions and behaviour. I distrust the deification of the enterprise culture. I think there are more limitations to the wisdom of the market than were dreamt of in Mrs Thatcher's philosophy. I believe that levels of taxation on the prosperous, having been too high for many years (including my own period at the Treasury), are now too low for the provision of decent public services. And I think the privatisation of near monopolies is about as irrelevant as (and sometimes worse than) were the Labour Party's proposals for further nationalisation in the 1970s and early 1980s.”

Roy Jenkins (1920–2003) British politician, historian and writer

A Life at the Centre (London: Macmillan, 1991), p. 617
1990s

Wisdom, World, Thinking, Strong

“[A]s things now stand, the case that capitalism will make the world - not just the West - materially better off has simply not been convincingly demonstrated. Indeed, with almost 70 per cent of the world's people experiencing a decline in their real incomes in recent years, the opposite appears to be true. The wanton celebration of market capitalism while so many people throughout the world are lacking basic food and shelter seems, if not downright vulgar, at least a little insensitive.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

People, World, Food, Appearance

“Aside from Yugoslavia, experiments with decentralization did not extend to planning innovation, the greatest weakness of the socialist economies. Even where markets were allowed to exert more influence over current production, the state was still responsible for planning the future. And state socialism provided only weak incentives for innovation. The Schumpeterian pressure that forced capitalist firms to innovate or die was not present in the planned economy.”

Barry Eichengreen (1952) Economist

Barry Eichengreen, The European economy since 1945 : coordinated capitalism and beyond, Ch. 5 : Eastern Europe and the Planned Economy

Future

“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

“Sometime 30 years ago I wrote a piece for the Stan Kenton Neophonic Band. The night of the concert at the Music Center Auditorium in Los Angeles Stan counted it off much too fast. When it came to the recapitulation at the end, the woodwind instrumentation had changed to mixtures of piccolos, flutes and saxes; and being too fast, it turned into a woodwind knuckle-buster. I was hiding on the floor between the seats. Later, when this was recorded, Stan counted too slowly. That recording was released without my piece. Years later when Stan created his "The Creative World of Stan Kenton" record company, Capitol was so angry that he had left them and released everything they had in the can to jeopardize his market. My piece was released with the first third cut off. I rewrote this for my present instrumentation and when we first went through it, while conducting, I was in tears to finally hear what I had written 30 years ago.”

Clare Fischer (1928–2012) American keyboardist, composer, arranger, and bandleader

Discussing "Piece for Soft Brass, Woodwinds and Percussion"; from the liner notes for Jazz Corps

World, Music, Angels, Tear

“[Strategic account management programs include] special activities… such as pricing, products, services, distribution, and information sharing’ and that they involve ‘in addition to marketing and sales, functional groups such as manufacturing, research and development, and finance.”

Christian Homburg (1962) German academic

Source: "A configurational perspective on key account management", 2002, p. 40-42; as cited in Storbacka (2007)

“Those responsible for marketing had to sell, not a product, but the idea that their firm was able to produce what the customer required. The product was developed after the order had been secured, the design being, in many cases, modified to suit the requirements of the customer. In mass production firms, the sequence is quite different: product development came first, then production, and finally marketing.”

Joan Woodward (1916–1971) British sociologist

Source: Management and technology, Problems of Progress Industry, 1958, p. 23

Idea

“How long can this situation last and be tolerated? When Imam Ali, Commander of the Faithful, heard that an anklet was forcefully removed from the feet of a Jewish woman by the invaders in one of the frontier cities under his rule, he said, "If a man dies from grief because of this act, he should not be reprimanded."
Today, even the children are not spared and are targeted by their bullets. Palestinian men and women are abducted and tortured in their fearsome prisons. People are shot dead in schools, on the streets and at markets.”

Mahmoud Ahmadinejad (1956) 6th President of the Islamic Republic of Iran

2006, 2006 International Qods Conference address

Women, Men, Children, People

“Initial formation of policy domains and the rules they create affecting property rights, governance structures, and rules of exchange shape the development of new markets because they produce cultural templates that determine how to organize in a given society.”

Neil Fligstein (1951) American sociologist

Source: The architecture of markets, 2001, p. 40

“Writing in 1944, the year of the Bretton Woods Conference, Polanyi suggested that the extension of the institutions of the market over the course of the nineteenth century aroused a political reaction in the form of associations and lobbies that ultimately undermined the stability of the market system. He gave the gold standard a place of prominence among the institutions of laissez faire in response to which this reaction had taken place. And he suggested that the opening of national economic decision making to parties representing working-class interests had contributed to the downfall of that international monetary system. In a sense, this book asks whether Polanyi’s thesis stands the test of time. Can the international monetary history of the second half of the twentieth century be understood as the further unfolding of Polanyian dynamics, in which democratization again came into conflict with economic liberalization in the form of free capital mobility and fixed exchange rates? Or do recent trends toward floating rates and monetary unification point to ways of reconciling freedom and stability in the two domains?”

Barry Eichengreen Introduction

Source: Globalizing Capital (2008), Chapter 1. Introduction

Books, Way, History, Decision

“A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, limited government way of life. Many business ventures fail entirely. Who then are the beneficiaries? The masses!”

Leonard E. Read (1898–1983) American academic

Life, Way, Business

“To the zealot overcome by his piety and to the journeyman of ideas concerned only with his marketable mental skills, the beginning and end of ideas lies in their efficacy with respect to some goal external to intellectual processes.”

Richard Hofstadter (1916–1970) American historian

Source: Anti-Intellectualism in American Life (1974), p. 31

Idea

“Marketing Management: A Contemporary Perspective provides a fresh new perspective on marketing from some of the leading researchers in Europe. The book offers students and practitioners the comprehensive coverage they need to make the right decisions to create and implement highly successful marketing strategies. This exciting new book combines scholarly international research with relevant and contemporary examples from markets and brands across the world.
The authors combine their experience as researchers and industry consultants to provide the conceptual and theoretical underpinning of marketing and empirical research, helping students to understand how marketing concepts can be applied and implemented. The book covers a full range of industries including business-to-customer, business-to-business, services marketing, retailing and international marketing from companies around the globe.”

Christian Homburg (1962) German academic

Abstract 2009 edition.
Marketing management: A contemporary perspective, 2003

Books, World, Understanding, Business

“To the Kathakali Man these stories are his children and his childhood. He has grown up within them. They are the house he was raised in, the meadows he played in. They are his windows and his way of seeing. So when he tells a story, he handles it as he would a child of his own. He teases it. He punishes it. He sends it up like a bubble. He wrestles it to the ground and lets it go again. He laughs at it because he loves it. He can fly you across whole worlds in minutes, he can stop for hours to examine a wilting leaf. Or play with a sleeping monkey's tail. He can turn effortlessly from the carnage of war into the felicity of a woman washing her hair in a mountain stream. From the crafty ebullience of a rakshasa with a new idea into a gossipy Malayali with a scandal to spread. From the sensuousness of a woman with a baby at her breast into the seductive mischief of Krishna's smile. He can reveal the nugget of sorrow that happiness contains. The hidden fish of shame in a sea of glory.
He tells stories of the gods, but his yarn is spun from the ungodly, human heart.
The Kathakali Man is the most beautiful of men. Because his body is his soul. His only instrument. From the age of three he has been planed and polished, pared down, harnessed wholly to the task of story-telling. He has magic in him, this man within the painted mark and swirling skirts.
But these days he has become unviable. Unfeasible. Condemned goods. His children deride him. They long to be everything that he is not. He has watched them grow up to become clerks and bus conductors. Class IV non-gazetted officers. With unions of their own.
But he himself, left dangling somewhere between heaven and earth, cannot do what they do. He cannot slide down the aisles of buses, counting change and selling tickets. He cannot answer bells that summon him. He cannot stoop behind trays of tea and Marie biscuits.
In despair he turns to tourism. He enters the market. He hawks the only thing he owns. The stories that his body can tell.
He becomes a Regional Flavour.”

Arundhati Roy book The God of Small Things

page 230-231.
The God of Small Things (1997)

Love, Men, God, War

“[On "grunge"] Music's music, and the weird thing is Brant [Bjork] has said this before; Soundgarden and those bands and Nirvana, those are great bands, but they did not create rock and roll. This whole "grunge" bullshit that everyone's talking about. "Oh my gosh, it's amazing!", they did not create rock and roll! It is rock and roll music. It's good rock and roll, that's all it is. They did not start something, they don't corner the market on anything. […] I think it's a shame, because it's a great media tool and it worked. Like, whoever thought of the word "grunge" should be rich by now because it's a great media trip, you know? But it's just all good rock and roll; Soundgarden, Nirvana, all these bands are just good rock and roll bands. People spend too much time categorizing what everything is. Just throw it on your turntable, throw it on you CD player or whatever you have and listen to it. Don't worry about what it is - no one cares, it doesn't matter anymore, you know? That's what should have happened, it shouldn't matter anymore what you are. There's so many, like, "fusion" everything and whatever that it shouldn't matter anymore, you know?”

Josh Homme (1973) American musician

Kyuss interview http://www.youtube.com/watch?v=Bqai2XYiFyI, The Rivoli, Toronto (December 13, 1992)

People, Music, Thinking, Time

“You will find an allusion to some mysterious cause for a phenomenon in Stocks. It is surmised that the deferred debt is to be taken up at the next session, and some anticipated provision made for it. This may either be an invention of those who wish to sell, or it may be a reality imparted in confidence to the purchasers or smelt out by their sagacity. I have had a hint that something is intended and has dropt from 1 which has led to this speculation. I am unwilling to credit the fact, untill I have further evidence, which I am in a train of getting if it exists. It is said that packet boats & expresses are again sent from this place to the Southern States, to buy up the paper of all sorts which has risen in the market here. These & other abuses make it a problem whether the system of the old paper under a bad Government, or of the new under a good one, be chargeable with the greater substantial injustice. The true difference seems to be that by the former the few were the victims to the many; by the latter the many to the few. It seems agreed on all hands now that the bank is a certain & gratuitous augmentation of the capitals subscribed, in a proportion of not less than 40 or 50 [per cent] and if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, & since the unanimous vote that no change [should] be made in the funding system, my imagination will not attempt to set bounds to the daring depravity of the times. The stock-jobbers will become the pretorian band of the Government, at once its tool & its tyrant; bribed by its largesses, & overawing it by clamours & combinations. Nothing new from abroad. I shall not be in [Philadelphia] till the close of the Week.”

James Madison (1751–1836) 4th president of the United States (1809 to 1817)

Letter to Thomas Jefferson (8 August 1791)
1790s

Confidence, Imagination, Problem, Reality

“The critical things to watch out for aren't the rare big events, such as the 2008 bailout of the Street itself, but the ongoing multitude of small rule changes that continuously alter the economic game. … The "free market" is a myth that prevents us from examining these rule changes and asking whom they serve. The myth is therefore highly useful to those who do not wish such an examination to be undertaken.”

Robert B. Reich (1946) American political economist

Saving Capitalism: For the Many, Not the Few (2015)

Game, Change

“By creating the world market, big industry has already brought all the peoples of the Earth, and especially the civilized peoples, into such close relation with one another that none is independent of what happens to the others. Further, it has co-ordinated the social development of the civilized countries to such an extent that, in all of them, bourgeoisie and proletariat have become the decisive classes, and the struggle between them the great struggle of the day. It follows that the communist revolution will not merely be a national phenomenon but must take place simultaneously in all civilized countries.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

People, World, Decision, Country

“that in the same open market, at any one moment, there cannot be two prices for the same kind of article”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter IV, Theory of Exchange, p. 97.

“Market Anti-Inflation Plans
In such a context, it should be clear that balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.”

William Vickrey (1914–1996) Canadian noble laureate in economics

William Spencer Vickrey et al. Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey. p. 4

“Marketing, and the whole firm, should devote extraordinary endeavour towards delighting, keeping for ever and expanding the sales to the 20 per cent of customers who provide 80 per cent.”

Richard Koch (1950) German medical historian and internist

Source: The 80/20 principle: the secret of achieving more with less (1999), p. 103

“The current emphasis on price policy, as against price, as a proper object of study represents recent economic reflection on the significance of expectations, uncertainties, market control, and the position of price as one among many selling terms. Policy implies some degree of control over the course of events and, at the same time, the use of judgment as to the probable consequences of alternative lines of action. In perfect markets, whether monopolistic or competitive, price is hardly a matter of judgment and where there is no judgment there is no policy. The area of price policy, then, embraces the deliberative action of buyers and sellers able to influence price; that is to say, it covers practically the whole field of industrial prices.”

Edward S. Mason (1899–1992) American economist

Source: "Price and production policies of large-scale enterprise," 1939, p. 61

Study, Time, Perfection

“There is a problem that is specific to financial markets. In most fields of research, when someone makes an important finding, they publish it. In the case of prices, they set up a firm and sell advice about their discovery. If they can make money from it, they will. So the research into market dynamics is a closed field.”

Benoît Mandelbrot (1924–2010) Polish-born, French and American mathematician

New Scientist interview (2004)

Money, Problem

“In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who believes it is better to work for $1 an hour rather than sit at home doing nothing is free to make that contract. In fact, a person who works for a negative wage—who pays for an internship, for example—is free to make that deal too.I propose to you, then, a definition of exploitation that comes from the writings of William H. Hutt: violence or threat of violence implied in the negotiation of anything affecting the life of a worker or employer. In that sense, the present system is exploitation. Workers are robbed of wages. Employers are robbed of profits. Poor people and young people especially are robbed of opportunity.”

Lew Rockwell (1944) American libertarian author and editor

As quoted in "How to Fix the Jobs Problem" http://www.lewrockwell.com/rockwell/fix-jobs-problem140.html (29 January 2010). 2010s

Life, People, Home, Sense

“On the other hand, many Muslim historians of medieval India have left for posterity some very detailed, many a time day-to-day, accounts of what happened during the endless encounters between Hindus and Muslims. The dominant theme in these accounts is of mu’mins (Muslims) martyred; of kãfirs (Hindus infidels) despatched to hell; of cities and citadels sacked; of citizens massacred; of Brahmins killed or forced to eat beef; of temples razed to the ground and mosques raised on their sites; of idols broken and their pieces taken to imperial headquarters for being trodden underfoot by the faithful on the steps of the main mosque; of booty captured and carried away on elephants, camels, horses, bullock carts, on the backs of sheep and goats, and even on the heads of Hindu prisoners of war; of beautiful Hindu maidens presented to the sultans and distributed among Muslim generals and nobles; of Hindu men, women and children sold into slavery in markets all over the Islamic world; and of kãfirs converted to the true faith at the point of the sword. The Muslim historians treat every war waged against the Hindus as a jihãd as enjoined by the Prophet and the Pious Caliphs.”

Sita Ram Goel book The Story of Islamic Imperialism in India

The Story of Islamic Imperialism in India (1994)

Women, Men, War, Children

“"Institutional economics" alone meets the demand for a generalized description of the economic order. Its claim is to explain the nature and extent of order amid economic phenomena, or those concerned with industry in relation to human well-being. In the words of Edwin Cannan, it attempts to tell "why all of us are as well off as we are" and "why some of us are better off than others." Such an explanation cannot properly be answered in formulas explaining the processes through which prices emerge in a market. Its quest must go beyond sale and purchase to the peculiarities of the economic system which allow these things to take place upon particular terms and not upon others.”

Walton Hale Hamilton (1881–1958) Yale Law Professor

Source: The Institutional Approach to Economic Theory, 1919, p. 311

Nature

“Economic and monetary union…is incompatible with independent sovereign states with control over their own fiscal and monetary policies. It would be impossible…to have irrevocably fixed exchange rates while individual countries retained independent monetary policies…such a system could never have the credibility necessary to persuade the market that there was no risk of realignment. Thus EMU inevitably implies a single European currency, with monetary decisions…taken not by national Governments and/or central banks, but by a European Central Bank. Nor would individual countries be able to retain responsibility for fiscal policy. With a single European monetary policy there would need to be central control over the size of budget deficits and, particularly, over their financing. New European institutions would be required, to determine overall Community fiscal policy and agree the distribution of deficits between individual Member States…It is clear that Economic and Monetary Union implies nothing less than European Government…and political union: the United States of Europe. That is simply not on the agenda now, nor will it be for the forseeable future.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech to the Royal Institute for International Affairs, Chatham House (25 January 1989), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 910.

Communication, Decision, Future, Country

“They traded in the market the way card counters in a casino played blackjack: They played only when they had an edge. That’s why they were able to trade for five years without losing money on a single day.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 263-4

Money, Way

“Good jobs depend on expanded trade. Selling into new markets creates new jobs, so I ask Congress to finally approve trade promotion authority. On these two key issues, trade and energy, the House of Representatives has acted to create jobs, and I urge the Senate to pass this legislation.”

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

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

Housing, Dependency

“One trader's move in the market can be interpreted by another trader as relevant additional information due to the uncertainty he faces.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 182.

“In Catch-22, the figure of the black market and the ground of war merge into a monster presided over by the syndicate. When war and market merge, all money transactions begin to drip blood.”

Marshall McLuhan (1911–1980) Canadian educator, philosopher, and scholar-- a professor of English literature, a literary critic, and a …

Source: 1970s, Take Today : The Executive as Dropout (1972), p. 211

Money, War

“A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.”

Richard Arnold Epstein (1927) American physicist

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 299

“The transnational corporations and the money markets have declared the era of human-designed regulations over. Now the market must reign. Because few people in the business community are paid to think about phrases such as "Western civilization," they don't seem to realize that they are proposing the arbitrary denial of 2,500 years of human experience.”

John Ralston Saul The Doubter's Companion

"Regulation"
The Doubter's Companion (1994)

Money, People, Communication, Business

“I am in the camp that believes that we are on the verge of a monetary collapse given the fact that during the last year up to 70% of the money used to pay our ongoing expenditures were moneys printed up by the Federal Reserve I mean literally out of thin air. Monetary Collapse occurs when we are printing 100% of that money going forward and all of the roll over of treasury is that 15 trillion dollars is out there in existing notes when all of those notes also get rolled over with 100% of that money being printed … that's the monetary collapse. And that’s not something that their going to announce is going to happen two weeks from Thursday that’s just gonna happen literally overnight when we have a complete melt down in the bond market. Which I’m predicting is gonna happen unless we actually balance the federal budget so this is what we are entering into is a real mutual sacrifice on the part of all of us. I would argue let’s have that mutual sacrifice as opposed to all of us having nothing which is what happens during a monetary collapse that our money ends up being worth nothing. That happened in Russia part of that was Afghanistan. We’re not immune to this. We can fix it but we need to do it now and that’s the position that I hold.”

Gary Johnson (1953) American politician, businessman, and 29th Governor of New Mexico

Statement made to representatives of the Pagan Newswire Collective (PNC)
2011-10-16
http://www.patheos.com/blogs/paganswithdisabilities/2011/10/full-transcript-of-qa-with-presidential-candidate-gary-johnson/
2012-02-24
Economic Policy

Money, Parting

“In the biotech revolution, it is the human body, not iron or steel or plastic, that's at the source. Are the biocapitalists going to be allowed to dig without consent into our genetic codes, then market them?”

Ellen Goodman (1941) American journalist and writer

Attributed

“We regarded opium as a godsend. It did not develop into an illicit trade, though. There was no legal prohibition, no police running around trying to suppress drugs, driving up the price artificially, and no marketing system. There were no distant markets to send it to because shipping anything was slow at best and often unreliable, and travel was something you just didn't do anymore. Anybody could grow their own poppies or buy raw opium paste from one of the growers. Farmers made more money growing raspberries or asparagus. They grew poppies as a public service. A few people took to smoking opium, but those with an extremely apathetic attitude toward survival tended not to last long in the new disposition of things.”

James Howard Kunstler book World Made By Hand

Source: World Made By Hand (2008), Chapter 5, p. 30

Money, People, Travel, Distant

“By an odd amalgam of liberal economic theory and Beccaria on punishment, nineteenth-century thinkers would replicate this exceptional relationship between markets and punishment: natural orderliness in the economic sphere, but government intervention in the penal realm. This is most evident in Jeremy Bentham’s work. The contrast between Bentham’s presumption of quietism in economic matters and his arch-interventionism in the penal domain effectively reproduced and reiterated the Physiocratic duality of economy and police. On the public economy side, Bentham tended toward Adam Smith’s liberalism. His Manual of Political Economy, written in the mid-1790s, rehearsed a presumption of governmental quietism based on his stringent belief in the superiority of individuals’ information and self-interest. But on the punishment side, Bentham embraced Beccaria’s philosophy whole cloth—especially Beccaria’s notion that policing is a sphere of human activity that must be shot through with government intervention. In fact, the criminal code, for Bentham, was precisely a “grand catalogue of prices” by means of which the government set the value of deviance. The penal code was a menu of fixed prices—the polar opposite of laissez-faire.”

Bernard Harcourt (1963) American academic

Source: The Illusion of Free Markets: Punishment and the Myth of Natural Order (2011), p. 36

Nature, Clothes

“As economic libertarians, these people believe that markets should be free, formed by the rational actions of rational agents - who need only to be provided with perfect information about goods and services in order to build a stable economy. As technological utopians, they believe that everything will be for the best in the best of all possible worlds, if technology is modelled on the American dream and the American way. And as opinion formers, they claim no formal power base, operating instead by linking exhaustively to one another.”

Bill Thompson (1960) English technology writer, born 1960

" Blog eats blog: The rise of the blogeoisie. http://www.spiked-online.com/articles/00000006DDA4.htm" by Bill Thompson, May 15, 2003.

People, World, Dreams, Way

“While it is much preferable to anarchy, government cannot abolish the evils of the human condition. At any time the state is only one of the forces that shape human behaviour, and its power is never absolute. At present, fundamentalist religion and organized crime, ethnic-national allegiances and market forces all have the ability to elude the control of government, sometimes to overthrow or capture it. States are at the mercy of events as much as any other human institution, and over the longer course of history all of them fail. As Spinoza recognized, there is no reason to think the cycle of order and anarchy will ever end. Secular thinkers find this view of human affairs dispiriting, and most have retreated to some version of the Christian view in which history is a narrative of redemption. The most common of these narratives are theories of progress, in which the growth of knowledge enables humanity to advance and improve its condition. Actually, humanity cannot advance or retreat, for humanity cannot act: there is no collective entity with intentions or purposes, only ephemeral struggling animals each with its own passions and illusions. The growth of scientific knowledge cannot alter this fact. Believers in progress – whether social democrats or neo-conservatives, Marxists, anarchists or technocratic Positivists – think of ethics and politics as being like science, with each step forward enabling further advances in future. Improvement in society is cumulative, they believe, so that the elimination of one evil can be followed by the removal of others in an open-ended process. But human affairs show no sign of being additive in this way: what is gained can always be lost, sometimes –as with the return of torture as an accepted technique in war and government – in the blink of an eye. Human knowledge tends to increase, but humans do not become any more civilized as a result. They remain prone to every kind of barbarism, and while the growth of knowledge allows them to improve their material conditions, it also increases the savagery of their conflicts.”

John Gray book Black Mass: Apocalyptic Religion and the Death of Utopia

Post-Apocalypse: After Secularism (pp. 264-5)
Black Mass: Apocalyptic Religion and the Death of Utopia (2007)

War, Religion, Way, History

“We are told that we have to accept the Treaty of Rome. I have read the Treaty of Rome pretty carefully, and it expresses an outlook entirely different from our own. It may be that I am insular, but I value our Parliamentary outlook, an outlook which has extended throughout the Commonwealth. That is not the same position that holds on the Continent of Europe. No one of these principal countries in the Common Market has been very successful in running Parliamentary institutions: Germany, hardly any experience; Italy, very little; France, a swing between a dictatorship and more or less anarchic Parliament, and not very successfully. As I read the Treaty of Rome, the whole position means that we shall enter a federation which is composed in an entirely different way. I do not say it is the wrong way. But it is not our way. In this set-up it is the official who really puts up all the proposals; the whole of the planning is done by officials. It seems to me that the Ministers come in at a later stage—and if there is anything like a Federal Parliament, at a later stage still. I do not think that that is the way this country has developed, or wishes to develop. I am all for working in with our Continental friends. I was one of those who worked to build up NATO; I have worked for European integration. But that is a very different thing from bringing us into a close association which, I may say, is not one for defence, or even just for foreign policy. The fact is that if the designs behind the Common Market are carried out, we are bound to be affected in every phase of our national life. There would be no national planning, except under the guidance of Continental planning—we shall not be able to deal with our own problems; we shall not be able to build up the country in the way we want to do, so far as I can see. I think we shall be subject to overall control and planning by others. That is my objection.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Speech http://hansard.millbanksystems.com/lords/1962/nov/08/britain-and-the-common-market in the House of Lords on the British application to join the Common Market (8 November 1962). 1960s

Life, Way, Problem, Thinking

“We need to launch a nationwide campaign against superstition and belief in witchcraft. Nigerians should be told that witches are not real, and that witches and spirits are imaginary entities created by primitive minds during the infancy of human race to explain situations and issues they could not understand or resolve commonsensically. This campaign should be taken to all Nigerian schools, colleges and universities. It should be publicized over the radios and television, in the newspapers, in market places, in churches and mosques. In particular, we need to check the activities of our so called pastors and other self styled men and women of God who use the Bible or Holy books to perpetrate and justify atrocious acts and human right abuses. These religious charlatans continue to act and preach in ways that reinforce the belief in witches and provoke acts of witch accusation, persecution and killing. This has been the driving force in Akwa Ibom State, and until Nigerians learn to reject superstition and irrationalism such tragedies will continue to occur.”

Leo Igwe (1970) Nigerian human rights activist

Saving Child Witches: A Nigerian Perspective http://enblog.mukto-mona.com/2008/12/14/saving-child-witches-a-nigerian-perspective/ (December 14th, 2008)

Women, Men, God, Books

“The right's approach is to release the dogs of the market, throwing all traditional verities into disarray; and then, in this tumult of insecurity, offer themselves up as the last bastion of order and hierarchy, the stalwart defenders of the authority of churches and fathers against the barbarians they have themselves unleashed.”

David Graeber (1961) American anthropologist and anarchist

Army of Altruists (2007)

Dogs

“In a business world that is changing faster than ever before, the top performing firms create a stable base – they digitize their core processes and embed those processes into a foundation for execution. This stable foundation makes a company both more efficient and more agile than its competitors. With global supply chains, pressure for ever faster time to market, more complex regulation, and huge shifts in customer demographics and desires, companies cannot predict the future. But they can decide what makes them great. And then they can create a low cost, high quality core of stability and constancy in a turbulent world. With a strong digitized core great companies slide smoothly into the next opportunity while their competitors stumble.”

Jeanne W. Ross (1958) American computer scientist

p, viii
Enterprise architecture as strategy, 2006

World, Business, Strong, Change

“When I started the paperback market, there were only a few good writers, now the market's loaded… you don't know which one to take.”

Mickey Spillane (1918–2006) American writer

Crime Time interview (2001)

“It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.”

Benjamin Graham (1894–1976) American investor

Part I, Chapter II, Government and Surplus Stocks, p. 28
Storage and Stability (1937)

Evil

“It remains to be seen, for example whether China can continue to develop as a market economy while still retaining an authoritarian communist political system.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 17, Making a Living in Developing Countries, p. 569

“I don’t like coming to Seattle much. I talked to [Chris] Cornell about it not that long ago. And Jerry Cantrell. None of us like it. It is beautiful, objectively. The arboretum is great. But it freaks me out for obvious reasons. I didn’t really live there. I lived behind a gate. I would try to go up to [Pike Place] Market. My big expedition would be Urban Outfitters and the yoga store.”

Courtney Love (1964) American punk singer-songwriter, musician, actress, and artist

On living in Seattle in the 1990s, The Seattle Times http://www.seattletimes.com/seattle-news/courtney-love-lsquoit-was-war-the-time-after-kurt-diedrsquo/ (14 July 2013) 2006–2013

Beauty

“The criticality of a resource can be measured as the ability of an organization to function in the absence of the resource or in the absence of the market for the output.”

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

Source: The External Control of Organizations, 1978, p. 46

“There mere idea that the planning authority could ever possess a complete inventory of the amounts and qualities of all the different materials and instruments of production of which the manager of a particular plant will know or be able to find out makes the whole proposal a somewhat comic fiction. Once this is recognised it becomes obvious that what prices ought to be can never be determined without relying on competitive markets.”

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

1980s and later, "Two Pages of Fiction" (1982)

Idea

“The stress on 'human resources' as an organizational asset goes back at least to Drucker (1954). This was elaborated in the theory of 'human capital' by Schultz (1963) who was concerned to describe the benefits of education as a 'production good' enhancing the economic resources of society, and by others like Becker (1964) who argued for the benefits to economic growth of a well-trained workforce. While labour market segmentation theory developed in reaction (stressing institutional processes in labour market formation), human asset accounting in the 1970s applied the capital theory to quantifying investments in people by the organization (Flamholtz, 1974). This was embraced by some (for example, Likert, 1967) as a way of encouraging humane employment policies, less geared to the short-term”

Andrew Pettigrew (1944) University professor

although others saw in it the rule of accountants
Chris Hendry and Andrew Pettigrew. "Human resource management: an agenda for the 1990s." International journal of human resource management 1.1 (1990): 17-43.

People, Education, Way, Training

“Thirty years of lax budget policy (the Trente Dispendieuses) marked by soaring public spending in the 1980’s, the happy-go-lucky attitude of the 1990’s and finally, a policy of procrastination in the 2000’s characterised by the development of creative budgetary marketing strategies exclusively destined to delay the (always) socially and politically painful moment of addressing the accounts.”

Éric Pichet (1960) economist

Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2499496 Article in Revue de Droit Fiscal n31-35 (2014). Budgetary policy, From the Expensive 30 toe the Expensive 36, The Expensive 30

Pain, Happiness

“A very interesting report on the London property market as a refuge for secret assets and dirty money – published in March 2015 by Transparency UK – spoke of money coming from corruption or corrupt individuals, without ever mentioning the word “”; nor did it ever mention “organised crime”. The reason is simple: with the exception of a few very rare cases, in the UK the mafia is not something that you can see or hear. There aren’t dead bodies on the streets, or shootings. In Mexico or in Italy, between corpses, blood and drug seizures it’s impossible to think that the Mafia doesn’t exist. In Italy and in Mexico Mafia is loud and it smells of blood. In London, as in Paris, it exists, but it’s quiet, it acts in the dark. And most of all it doesn’t have the pungent smell of blood, but the reassuring smell of money. It’s not true that money doesn’t smell, it does smell indeed, but you definitely can’t rely on your sense of smell to identify criminal money.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Money, Secret, Thinking, Sense

“What the planning authority would have to know would not be the mere totals but the distinct, peculiar conditions prevailing in each enterprise which affect the information about values transmitted through market prices but would be completely lost in any statistical information about quantities that might reach the authority from time to time.”

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

1980s and later, "Two Pages of Fiction" (1982)

Time

“Generally, disruptive innovations were technologically straightforward, consisting of off-the-shelf components put together in a product architecture that was often simpler than prior approaches. They offered less of what customers in established markets wanted and so could rarely be initially employed there. They offered a different package of attributes valued only in emerging markets remote from, and unimportant to, the mainstream”

Clayton M. Christensen (1952–2020) Mormon academic

Source: 1990s, The Innovator's Dilemma (1997), p. 15

“The next time you dine on sushi -- or sashimi, or swordfish steak, or shrimp cocktail, whatever wildlife you happen to enjoy from the ocean -- think of the real cost. For every pound that goes to market, more than 10 pounds, even 100 pounds, may be thrown away as bycatch. This is the consequence of not knowing that there are limits to what we can take out of the sea.”

Sylvia Earle (1935) American oceanographer

Quote from her 2009 TED talk http://www.ted.com/talks/sylvia_earle_s_ted_prize_wish_to_protect_our_oceans

Thinking, Time, Sea

“The Church has become hostile to new ideas. If any doctrine came from the priesthood the church would hear it and heed it, but if it came from an out of the way place, like Nazareth, they would scorn and persecute it. It was churchmen who put Jesus to the cross. In Luther's time when he hurled his advanced ideas like bombshells into the Roman Church, it was the churchmen of his day that sought his death. In Wesley's time, though he preached the purest form of spiritual Truth that was proclaimed to his age, yet the churchmen of his time drove him out and he had to preach in graveyards and coal mines and on the markets.”

Benjamin Fish Austin (1850–1933) Nineteenth-century Canadian educator/Methodist Minister/Spiritualist

Sermon (1899)

Death, Hostility, Truth, Age

“I took one Draught of Life —
I'll tell you what I paid —
Precisely an existence —
The market price, they said.”

Emily Dickinson I took one Draught of Life

1725: I took one Draught of Life —
The Complete Poems of Emily Dickinson (1960)

Life

“In the early days of the computer revolution computer designers and numerical analysts worked closely together and indeed were often the same people. Now there is a regrettable tendency for numerical analysts to opt out of any responsibility for the design of the arithmetic facilities and a failure to influence the more basic features of software. It is often said that the use of computers for scientific work represents a small part of the market and numerical analysts have resigned themselves to accepting facilities "designed" for other purposes and making the best of them. […] One of the main virtues of an electronic computer from the point of view of the numerical analyst is its ability to "do arithmetic fast."”

James H. Wilkinson (1919–1986) English mathematician

Need the arithmetic be so bad!
Some Comments from a Numerical Analyst (1971)

People, Failure, Parting

“We don't know what energy is, any more than we know what information is, but as a now robust scientific concept we can describe it in precise mathematical terms, and as a commodity we can measure, market, regulate and tax it.”

Hans Christian von Baeyer (1938) American physicist

Source: Information, The New Language of Science (2003), Chapter 2, The Spell of Democritus, Why information will transform physics, p. 11

Mathematics

“Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

Lawrence Summers in: Glenn Pascall (August 16, 1987) "Raiding Can Be Seen As Wake-Up Call For Corporate America", The Seattle Times, p. B4.
1980s

People, Confidence, Future

“The technological changes that damage established companies are usually not radically new or difficult from a technological point of view. They do, however, have two important characteristics: First, they typically present a different package of performance attributes—ones that, at least at the outset, are not valued by existing customers. Second, the performance attributes that existing customers do value improve at such a rapid rate that the new technology can later invade those established markets.”

Clayton M. Christensen (1952–2020) Mormon academic

Clayton M. Christensen, (January 1995). "Disruptive Technologies Catching the Wave". Harvard Business Review: P 3.
1990s

Change

“Today, more than ever, it is critical for American citizens to understand the difference between the free-market capitalism that made our country great and the corporate cronyism that is now corrupting our political process, strangling democracy and devouring our national treasures.”

Robert Francis Kennedy, Jr. (1954) American activist

In "Crimes against nature" in Rolling Stone magazine (11 December 2003).

Democracy, Understanding, Country

“I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is maintaining macroeconomic stability: maintaining stable growth and keeping inflation low and stable. The principal policy tool for maintaining macroeconomic stability is monetary policy. In normal times, the Fed and other central banks use open market operations—purchases and sales of securities in markets—to move interest rates up or down, and in doing so try to create a more stable macroeconomic environment.
The second part of a central bank's mission is maintaining financial stability. Central banks are focused on trying to ensure that the financial system functions properly, and in particular, they want to prevent, if possible, and if not, to mitigate the effects of a financial crisis or a financial panic.”

Ben Bernanke (1953) American economist

Lecture 2: The Federal Reserve after World War II
The Federal Reserve and the Financial Crisis (2012)

Time, Parting

“History is a great teacher. Now everyone knows that the labor movement did not diminish the strength of the nation but enlarged it. By raising the living standards of millions, labor miraculously created a market for industry and lifted the whole nation to undreamed of levels of production. Those who attack labor forget these simple truths, but history remembers them.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Address to AFL–CIO (1961)

Truth, History, Teachers, Forgetting

“The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Lecture "The Suicidal Impulse of the Business Community" (1983); cited in Filters Against Folly (1985) by Garrett Hardin

“L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.”

Gérard Debreu (1921–2004) French economist and mathematician

Arrow, Kenneth J., and Gerard Debreu. " Existence of an equilibrium for a competitive economy http://cowles.econ.yale.edu/P/cp/p00b/p0087.pdf." Econometrica: Journal of the Econometric Society (1954): p. 265

Time

“It was not hard to persuade people that the market was sound; as always in such times they asked only that the disturbing voices of doubt be muted and that there be tolerably frequent expressions of confidence.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter V, The Twilight of Illusion, Section II, p. 70

People, Confidence, Time

Quotes about marketer page 10

Quotes about marketer
page 10