Quotes about marketer
page 8

“The logic of governmental power is to exercise it such that Republicans can talk "Terrific free market!" language until they actually have power. Where upon, its program after program and crony after crony. The extraordinary bailout occurred under the Bush administration. I think that raises extraordinary dangers of the fact that as power accumulates, it never gives anything back. Its always expanding.”

Alan Charles Kors (1943) American academic

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

Exercises, Thinking

“The Good Economist Hayek is the thinker who has mind-blowing insights into just why the competitive market system is such a marvelous societal device for coordinating our by now 7.2 billion-wide global division of labor. Few other economists imagined that Lenin’s centrally-planned economy behind the Iron Curtain was doomed to settle at a level of productivity 1/5 that of the capitalist industrial market economies outside. Hayek did so imagine. And Hayek had dazzling insights as to why. Explaining the thought of this Hayek requires not sociology or history of thought but rather appreciation, admiration, and respect for pure genius.The Bad Economist Hayek is the thinker who was certain that Keynes had to be wrong, and that the mass unemployment of the Great Depression had to have in some mysterious way been the fault of some excessively-profligate government entity (or perhaps of those people excessively clever with money–fractional-reserve bankers, and those who claim not the natural increase of flocks but rather the interest on barren gold). Why Hayek could not see with everybody else–including Milton Friedman–that the Great Depression proved that Say’s Law was false in theory, and that aggregate demand needed to be properly and delicately managed in order to make Say’s Law true in practice is largely a mystery. Nearly everyone else did: the Lionel Robbinses and the Arthur Burnses quickly marked their beliefs to market after the Great Depression and figured out how to translate what they thought into acceptable post-World War II Keynesian language. Hayek never did.
My hypothesis is that the explanation is theology: For Hayek, the market could never fail. For Hayek, the market could only be failed. And the only way it could be failed was if its apostles were not pure enough.”

J. Bradford DeLong (1960) American economist

Making Sense of Friedrich A. von Hayek: Focus/The Honest Broker for the Week of August 9, 2014 http://equitablegrowth.org/making-sense-friedrich-von-hayek-focusthe-honest-broker-week-august-9-2014/ (2014)

Money, War, People, World

“When it comes to the all-too-human problem of recessions and depressions, economists need to abandon the neat but wrong solution of assuming that everyone is rational and markets work perfectly. The vision that emerges as the profession rethinks its foundations may not be all that clear; it certainly won’t be neat; but we can hope that it will have the virtue of being at least partly right.”

Paul Krugman (1953) American economist

"How Did Economists Get It So Wrong?", The New York Times (September 2, 2009)
The New York Times Columns

Hope, Problem

“Goebbels…now made an applauded entrance. He was no man to improvise a word or two of greeting; he had typewritten sheets…. He spoke of the cinema as the popular voice of the state…those products, themselves a means of cleansing the world film market through their purity and excellence of the regrettable decadent ordures excreted by international Jewry….”

Anthony Burgess (1917–1993) English writer

Fiction, Earthly Powers (1980)

World

“Labour is apparently pursuing a sectional agenda based on the idea that disaffected Liberal Democrats and public-sector employees will give Labour a majority next time around. But we have not won, and show no signs of winning, the economic argument. We have not articulated a constructive alternative capable of recognising our weaknesses in government and taking the argument to the coalition. We show no relish for reconfiguring the relationship between the state, the market and society. The world is on the turn, yet we do not seem equal to the challenge.”

Maurice Glasman, Baron Glasman (1961) British philosopher

New Statesman article: see Press Association story 5 Jan 2012

World, Idea, Time

“The story of the Northern Counties Building Society is instructive. Established in 1850 in the North East by dispossessed workers who pooled their funds to retrieve a home in the world it grew steadily over the years. It was part of the local economy and society, that most precious civic inheritance, a trusted financial institution. In 1965 it merged with another local institution, the Rock Building Society to become Northern Rock Building Society. It demutualised in 1997 and became Northern Rock, which sponsored Newcastle United and became the fifth biggest lender in the UK market. An institution that was founded by local people for local people and had partnered its region in good times and bad for a hundred and forty seven years, that had weathered four serious depressions and emerged stronger from each could not last through New Labour’s period in Government.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

People, World, Home, Time

“Much less is it adviseable for a Person to go thither [to America], who has no other Quality to recommend him but his Birth. In Europe it has indeed its Value; but it is a Commodity that cannot be carried to a worse Market than that of America, where people do not inquire concerning a Stranger, What is he? but, What can he do?”

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

March 1784 Information to Those Who Would Remove to America.
1780s

People, Birth, Personality

“During the next 10 years about 1.2 billion young 15-to-30-year-olds will be entering the job market and with the means now at our disposal about 300 million will get a job. What will we offer these young, about a billion of them? — or will we leave them to be recruited by criminal leagues and terrorists? … I think this is one of the greatest challenges if we want to achieve peaceful development and hope for these young.”

Martti Ahtisaari (1937) Finnish politician and former President of Finland

Interview with Finnish YLE TV, quoted in "Nobel Peace Prize winner wants jobs for the young" in International Herald Tribune (11 October 2008) http://web.archive.org/web/20081012063102/http://www.iht.com/articles/ap/2008/10/11/europe/EU-Finland-Nobel-Peace.php

Peace, Hope, Thinking

“We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 1, No Guts, No Glory, p. 6.

Thinking

“Sun Microsystems had the right people to make Java into a first-class language, and I believe it was the Sun marketing people who rushed the thing out before it should have gotten out.”

Alan Kay (1940) computer scientist

ACM Queue A Conversation with Alan Kay Vol. 2, No. 9 - Dec/Jan 2004-2005 http://queue.acm.org/detail.cfm?id=1039523 2000s, A Conversation with Alan Kay, 2004–05

People, Sun

“The graph does show one tremendous rise and collapse which stands out starkly from all the other fluctuations. This is commonly called the "new era" stock market of 1927-33. The striking feature of this phenomenon was that the new era existed solely in the minds of market speculators. The whole episode, in retrospect, now seems to have been one of those rare manifestations of mass financial madness which we used to study in our history books under the titles of "the South Sea Bubble", "the Mississippi Bubble" and so on.”

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. 36

Books, History, Study, Sea

“It has become increasingly evident, at least among those who aren't currency traders or true believers in the optimality of free markets, that it would be nice if this system could calm down a touch. One option is the Tobin tax, which would impose a tax of around 0.1 percent on currency trades, and act as a kind of damper on speculation.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 6, At Rest Versus In Motion, p. 197

Optimism

“The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter Four, International Money matters, p. 170

Dreams, Nature

“Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't.”

Merton Miller (1923–2000) American economist

Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers. 1999, p. 269.

People, Thinking

“I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill.”

Nassim Nicholas Taleb (1960) Lebanese-American essayist, scholar, statistician, former trader and risk analyst

Source: The Black Swan: The Impact of the Highly Improbable (2007), p. xxi

People, Error

“Our understanding of how markets and businesses operate was passed down to us more than a century ago by a handful of European economists — Alfred Marshall in England and a few of his contemporaries on the continent. It is an understanding based squarely upon the assumption of diminishing returns: products or companies that get ahead in a market eventually run into limitations, so that a predictable equilibrium of prices and market shares is reached. The theory was roughly valid for the bulk-processing, smokestack economy of Marshall’s day. And it still thrives in today’s economics textbooks. But steadily and continuously in this century, Western economies have undergone a transformation from bulk - material manufacturing to design and use of technology — from processing of resources to processing of information, from application of raw energy to application of ideas. As this shift has occurred, the underlying mechanisms that determine economic behavior have shifted from ones of diminishing to ones of increasing returns.”

W. Brian Arthur (1946) American economist

Arthur, W. Brian. "Increasing Returns and the New World of Business." Harvard business review 74.4 (1996): p. 100

Behavior, Idea, Understanding, Business

“It is important to teach our young about who they are and how culture can empower them to help the greater community. It is very difficult, especially in the age of technology to curb what mass-media and marketing try to tell us who we are, and even more difficult when those closest to you act uninterested. It is an uphill climb, sometimes alone, to find the truth.”

Lorin Morgan-Richards (1975) American poet, cartoonist, and children's writer

As quoted in interview with Golwg 360, Welsh language online magazine.

Truth, Age, Communication, Help

“There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U. S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

Ben Bernanke (1953) American economist

"A Crash Course for Central Bankers," http://www.foreignpolicy.com/story/cms.php?story_id=3272 Foreign Policy (September/October 2000)

History

“The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter One, Nature of Political Economy, p. 8

World

“A price decline is of no real importance to the bona fide investor unless it is either very substantial—say, more than a third from cost—or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.”

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. 25

Loss

“So I am skeptical about the argument that the subprime mortgage problem will contaminate the whole mortgage market, that housing construction will come to a halt, and that the economy will slip into a recession. Every step in this chain is questionable and none has been quantified. If we have learned anything from the past 20 years it is that there is a lot of stability built into the real economy.”

Robert Lucas Jr. (1937) American economist

Robert E. Lucas, "Mortgages and Monetary Policy", The Wall Street Journal WEDNESDAY, September 19, 2007

Question, Problem, Learning, Past

“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply.
But if government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Taking Money Back" http://mises.org/story/2882, in The Freeman (September - October 1995) http://www.fee.org/publications/the-freeman/.

Money, Shoe, Nature, Help

“I will pass over my flirtation with journalism as a way of making a living, an idea I dropped when I discovered that in the fifties — unlike now — female journalists always ended up writing the obituaries and the ladies' page. But how was I to make a living? There was not a roaring market in poetry, there, then. I thought of running away and being a waitress, which I later tried, but got very tired and thin; there's nothing like clearing away other people's mushed-up dinners to make you lose your appetite”

Margaret Atwood (1939) Canadian writer

On Writing Poetry (1995)

People, Way, Idea

“If anyone was questioning whether or not Peter Schiff was truly a Republican, he's certainly made it clear today. After eight years of the Bush Administration's lax regulation and market-first mentality, the last thing we need is to further reduce regulation and allow Wall Street to run the show. Chris Dodd is leading the way to put a balance back into a system that for years has been too far out of whack and ensure that consumers are protected first and foremost.”

Peter D. Schiff (1963) American entrepreneur, economist and author

2010 Senate Campaign, Quotes made by Connecticut Democratic Party spokeswoman Colleen Flanagan

Way, Question

“Neither economic liberalism nor Keynesianism can conceptualise vocation, virtue or labour value as economic categories, neither can give a primary economic value to intermediate institutions, whether they be the corporate governance of a firm, vocational colleges, regional banks or supporter owned football clubs, they can only conceptualise the state or the market and all forms of particular association are viewed as at best “cultural” or at worst “obstructive”. They can give no conceptual status to place, to the specificity of place and the necessity of institutions in generating virtue and value within it.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Politics, Employment Polices and the Young Generation, Maurice Glasman http://www.lse.ac.uk/economics/newsEventsSeminars/files/MauriceGlasmanPaper.pdf

Support, Football

“Government creates the market and law. Law is not the negation of liberty; it is its fulfillment. Right law is not a restriction on people’s liberty; it makes their freedom possible. Right law is liberty; liberty is right law.”

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

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

People, Law, Freedom

“What I aspire to in the 21st century is a global world system that inter-connects each region and country with their unique culture and socioeconomic regime. Globalization thriving amidst diversity is my vision for the next century, and I strongly believe this co-existence of diverse civilizations with global networking will create a much better world than the unilateral imposition of monolithic ideologies, such as market fundamentalism.”

Eisuke Sakakibara (1941) Japanese economist and critic

The End of Market Fundamentalism (1999)

World, Country

“We have fish and chips, which W. and I fetch from the shop in Settle market-place. Some local boys come in and there is a bit of chat between them and the fish-fryer about whether the kestrel under the counter is for sale.…Only when I mention it to W. does he explain Kestrel is now a lager. I imagine the future is going to contain an increasing number of incidents like this, culminating with a man in a white coat saying to one kindly, "And now can you tell me the name of the Prime Minister?"”

Alan Bennett (1934) English actor, author

Diary entry for July 25, 1985, p. 144.
Writing Home (1994)

Imagination, Boy, Fish, Future

“A limited democracy might indeed be the best protector of individual liberty and be better than any other form of limited government, but an unlimited democracy is probably worse than any other form of unlimited government, because its government loses the power even to do what it thinks right if any group on which its majority depends thinks otherwise. If Mrs. Thatcher said that free choice is to be exercised more in the market place than in the ballot box, she has merely uttered the truism that the first is indispensable for individual freedom, while the second is not: free choice can at least exist under a dictatorship that can limit itself but not under the government of an unlimited democracy which cannot.”

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

Letter to The Times http://coreyrobin.files.wordpress.com/2012/07/hayek-letter-to-the-times-july-11-1978.pdf (11 July 1978), p. 15 1960s–1970s

Exercises, Democracy, Thinking, Freedom

“The tablet market has only succeeded as a niche market over the years and it was hoped Apple would dream up some new paradigm to change all that. From what I've seen and heard, this won't be it.”

John C. Dvorak (1952) US journalist and radio broadcaster

"Hello, giant iPod Touch" in MarketWatch (29 January 2010) http://www.marketwatch.com/story/apples-ipad-is-far-from-revolutionary-2010-01-29 2010s

Dreams, Hope, Change

“Today there is a new class hostile to business in general, and especially to large corporations. As a group, you find them mainly in the very large and growing public sector and in the media. They share a disinterest in personal wealth, a dislike for the free-market economy, and a conviction that society may best be improved through greater governmental participation in the country's economic life. They are the media. They are the educational system. Their dislike for the free-market economy originates in their inability to exercise much influence over it so as to produce change. In its place they would prefer a system in which there is a very large political component. This is because the new class has a great deal of influence in politics. Thus, through politics, they can exercise a direct and immediate influence on the shape of our society and the direction of national affairs.”

Irving Kristol (1920–2009) American columnist, journalist, and writer

1970s, Two Cheers for Capitalism (1978)

Life, Hostility, Education, Exercises

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

Daniel Bell book The Cultural Contradictions of Capitalism

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

“[V]oluntary exchange among individuals held morally responsible under the rule of law creates both prosperity and an unparalleled diversity of human choices. Such a model also has been a precondition of individuation and freedom. By contrast, regimes of central planning create poverty and occasion ineluctable developments toward totalitarianism and the worst abuses of power. Dynamic free-market societies, grounded in rights-based individualism, have altered the entire human conception of liberty and of dignity for formerly marginalized groups. The entire "socialist experiment," by contrast, ended in stasis; ethnic hatreds; the absence of even the minimal preconditions of economic, social, and political renewal; and categorical contempt for both individuation and minority rights. Our children do not know this true comparison.”

Alan Charles Kors (1943) American academic

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

Children, Law, Freedom

“Market type influences everything a company does.”

Steve Blank (1953) American businessman

Source: The Startup Owner’s Manual (2012), p. 39.

“Kerrang!: Clare Sharp from Glasgow would like to know what you thought of your mum's appearance in Kerrang! last August [1996] - predicting the future for ten rock stars?
Cornell: Well, if she's gonna predict things, it seems like she would be really good at the stock market or something. But she is my mom, and she's a really good mom - so if she gives advice, it's good advice.”

Chris Cornell (1964–2017) American singer-songwriter, musician

Kerrang! Magazine, March 1, 1997 http://web.stargate.net/soundgarden/articles/kerr_3-1-97.shtml, On his family

Star, Moms, Appearance, Future

“In the end, what is really needed is a fundamental rethinking of the notion that the state rather than private markets must monopolize the provision of justice and security. This is the fatal conceit. No power granted to the state goes unabused. This power, among all possible powers, might be the most important one to take away from the state.”

Lew Rockwell (1944) American libertarian author and editor

As quoted in "The Police State Abolishes the Trial" http://mises.org/library/police-state-abolishes-trial, (30 September 2011), Mises Daily, The Ludwig von Mises Institute. 2010s

Justice

““The Third Way is neither anti-state nor anti-market; it sees both sides of the old politics as a positive force for progress. It simply seeks to balance them against the virtues of mutual trust and shared obligation. It is, uniquely in the politics of our time, pro-market, pro-state and pro-civil society.””

Mark Latham (1961) Australian politician

Unsourced

Way, Time

“A fellow in a market town,
Most musical, cried razors up and down.”

John Wolcot (1738–1819) English satirist

Farewell Odes, Ode iii; reported in Bartlett's Familiar Quotations, 10th ed. (1919).

Music

“The Fulton Fish Market will be more of an odor than a landmark at this time of day, but it really swings out at four o'clock in the morning - another Timothy 'Speed' Levitch recommendation if you can't sleep and you like fish.”

Timothy Levitch (1970) American actor

The Cruise (1998)

Fish, Sleep, Time, Speed

“[The PlayStation 2 is a] historic, a mass-market appliance that fundamentally changes society in the way the printing press did.”

Trip Hawkins (1953) American businessman

Quoted in The Amazing PlayStation 2, Newsweek (via PR Newswire), 2006-02-26, 2007-01-21 http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-27-2000/0001150833&EDATE,

Way, Change

“America`s perpetual trouble has been a less-productive black minority. Black-white economic inequality is not a problem that America is going to be able to solve any time soon. But, due to our market-dominant majority, our country is rich enough to live with it. In contrast, if our current mass immigration system is allowed to continue, America will become just another country with a market dominant minority. Through government policy, we will have inflicted upon ourselves the kind of ugly society seen in most of the rest of the world.”

Steve Sailer (1958) American journalist and movie critic

Will U.S. Retain Its “Market-Dominant Majority”? http://www.vdare.com/articles/will-us-retain-its-market-dominant-majority, VDARE, February 2, 2003

World, Problem, Time, Country

“The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.”

John Gray (1948) British philosopher

A shattering moment in America's fall from power (2008)

“Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is that it's a very old mountain that's now eroding rapidly into the sea.”

Robert Haugen (1942–2013) American economist

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 1, Introduction, p. 2

People, Truth, Mountain, Support

“Lincoln is, both culturally and in terms of his economic thinking, firmly and immovably located in the center of what we can call liberal democratic thought in the 19th century. He is very much market oriented, with tremendous confidence in the power of a capitalist society to transform for the better, and he believes in opening the possibilities of that society to as many as possible. To him, that’s what’s coterminous with liberty.”

Allen C. Guelzo (1953) American historian

2010s, Interview with Tom Mackaman (2013)

Confidence, Thinking

“"Any graduate of the ___ Business School should be able to beat an index fund over the course of a market cycle."
Statements such as these are made with alarming frequency by investment professionals. In some cases, subtle and sophisticated reasoning may be involved. More often (alas), the conclusions can only be justified by assuming that the laws of arithmetic have been suspended for the convenience of those who choose to pursue careers as active managers.”

William F. Sharpe (1934) American economist

William F Sharpe, "The arithmetic of active management." Financial Analysts Journal 47.1 (1991): 7-9.

School, Law, Business

“Wherever applause breaks out in the liturgy because of some human achievement, it is a sure sign that the essence of liturgy has totally disappeared and been replaced by a kind of religious entertainment. Such attraction fades quickly - it cannot compete in the market of leisure pursuits, incorporating as it increasingly does various forms of religious titillation.”

Pope Benedict XVI (1927) 265th Pope of the Catholic Church

2000, The Spirit of the Liturgy (2000)

“First of all, please make sure that you go and vote in the Common Market referendum on Thursday. And secondly, the Government asks you to vote 'Yes', clearly and unmistakeably.”

James Callaghan (1912–2005) Prime Minister of the United Kingdom; 1976-1979

Referendum broadcast (2 June 1975).
Callaghan had not wanted to appear in a broadcast for 'Britain in Europe', so he was instead introduced as the Foreign Secretary giving a separate broadcast within a 'Britain in Europe' timeslot.
Foreign Secretary

“In my view there can be no affirmative action without segregation-nor any end to the segregation if our names must be kept on separate lists. I'd like to propose instead a simple scenario: a fair job market where employment is commensurate with ability regardless of gender, racial or ethnic background. I make a pitch, they like my story, I get the job. Why not?”

Migdia Chinea Varela (1947) American actress, screenwriter, and TV personality

"My life as a 'Two-Fer' ", Newsweek, 26 December 1988, p. 25

“A liberal is fundamentally fearful of concentrated power. His objective is to preserve the maximum degree of freedom for each individual separately that is compatible with one man's freedom not interfering with other men's freedom. He believes that this objective requires that power be dispersed. He is suspicious of assigning to government any functions that can be performed through the market, both because this substitutes coercion for voluntary co-operation in the area in question and because, by giving government an increased role, it threatens freedom in other areas.”

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

Source: (1962), Ch. 3 The Control of Money, p. 39

Men, Fear, Question, Freedom

“They who in folly or mere greed
Enslaved religion, markets, laws,
Borrow our language now and bid
Us to speak up in freedom's cause.”

Cecil Day Lewis (1904–1972) English poet

Where are the War Poets? (1943)

Religion, Law, Freedom

“The free market punishes irresponsibility. Government rewards it.”

Harry Browne (1933–2006) American politician and writer

Source: Liberty A to Z (2004), p. 76

“It seems obvious, then, that the search for solutions to the problems generated by a predominantly privately owned market-oriented society has been and will continue to be a major element in the political agenda of every democratic country.”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 3 : Democracy and Markets

Search, Problem, Country

“I wanna say this to every man that has a mind, to all the intelligent life forms that exist on this planet Earth. I wish the British would say this to the Scottish Rites and the Masons and all the people with minds who have degrees of knowledge, and who are aware of courts, laws, United Nations, governments.
In the 40s, we had a war, and all of our economies went towards this war effort. The war ended on one level, but we wouldn't let it end on the other levels. We kept buying and selling this war. I'm not locked in the penitentiary for crimes, I'm locked in the Second World War. I'm locked in the Second World War with this decision to bring to the World Court - there must be a One World Court, or we're all gonna be devoured by crime.
Crime, and the definition of crime comes from Nuremberg, when the judges decided that they wanted to call Second World War a crime. Honor and war is not a crime. Crime is bad. When you go to war and you're a soldier, and you fight for your God and your country, that's not criminal. That's honorable. That's what you must do to be a man. If you don't fight for your God and your country, you're not worth anything. If you have no honor, then you're not worth petty's pigs.
Truth is, we've got to overturn this decision that you made in the Second World War, or the Second World War will never end. Degrees of the war was written in Switzerland, in Geneva, at conferences that were made by the men at the tables, clearly stated that anyone in uniform would be given the respect of their rank and their uniforms. Then when the United States and got all the Germans in handcuffs, they started breaking their own rules. And they've been breaking their own rules ever since. War is not a crime, but if you judge war as a crime in a court room, then turn around: If 2 + 3 = 5, and 3 + 2 = 5; if you say war is a crime, then crime becomes your war. I am, by all standards, a prisoner of war.
I've been a prisoner of war since 1944 in Juvenile Hall, for setting a school building on fire in Indianapolis, Indiana. I've been locked up 45 years trying to figure out why I got to be a criminal. It matters not whether I want to be; you've got to keep criminals going to keep the war going because that's your economy, your whole economy is based on the war. You've got to get your dollar bills off the war, you've got your silver market sterling off of the war, you've got to take your gold and your diamonds off of the war - You've got to overturn that decision, that hung 6000 men by the neck.
You killed 6000 soldiers for obeying orders. It's wrong. And the world has got to accept that's wrong. When you accept you're wrong, and you say you're sorry for all the things you've done, then that will be a note on that court, and we'll have some harmony going on this planet Earth, now.”

Charles Manson (1934–2017) American criminal and musician

Interview with Bill Murphy (1994) http://www.youtube.com/watch?v=XAjh_wOByoY

Life, Men, God, War

“Some people have low susceptibility to advertising and marketing techniques. These are the people who aren't interested in money. Material acquisition does not serve their need for the power process.”

Theodore Kaczynski book Industrial Society and Its Future

"How Some People Adjust", item 81
Industrial Society and Its Future (1995)

Money, People

“The basic value of any proposition is its commercial aspect, and naturally the first query of inventor, capitalist and layman is : "What conditions exist that will make a market for automobiles or create a desire in the public mind for their use?" Some will say progression, the spirit of which surrounds us everywhere; others say, expediency and the desire for saving- minutes and even seconds; others, again, their convenience and readiness for instant use; all of which are true but do not in a broad sense answer the question, but create another as to what has made all these things desirable on the part of the public as things necessary to its comfort and welfare.”

Clinton Edgar Woods (1863) American engineer

Source: The Electric Automobile (1900), p. 1, First paragraph of first chapter entitled "General conditions surrounding the introduction and use of automobiles"

Question, Nature, Sense, Parting

“You can't save free markets by socialism, I don't know where this idea ever came from. You save free markets by promoting free markets and sound money and balanced budgets. The whole reason why nobody wants to address the real problem is, we're spending a trillion dollars a year overseas running an empire, and it's coming to an end. This country is bankrupt, and we won't admit it. Eventually though, the dollar will go bust, and we will bring our troops home, and we will live within our means, but we ought to do it sensibly, rather than waiting for the collapse of the dollar, and this is what we're doing, we're on the verge of destroying our dollar. And then, you think we have problems now, problems then will be a lot worse, it'd look like the Weimar Republic, or a third world nation. And a lot of people know that, and they're scared to death, but we don't need to be making the problem worse by just propping up everything with more government programs, more inflation, and more helicopters, it won't work.”

Ron Paul (1935) American politician and physician

Fox Business Network, October 14, 2008 http://www.youtube.com/watch?v=_qzUtPq8pLE 2000s, 2006-2009

Death, Money, People, World

“Do you know,
Considering the market, there are more
Poems produced than any other thing?
No wonder poets sometimes have to seem
So much more businesslike than businessmen.
Their wares are so much harder to get rid of.”

Robert Frost New Hampshire

"New Hampshire" (1923)
1920s

“The wage earner. Two very important policies have been adopted by this country which, while extending their benefits also in other directions, have been of the utmost importance to the wage earners. One of these is the protective tariff, which enables our people to live according to a better standard and receive a better rate of compensation than any people, any time, anywhere on earth, ever enjoyed. This saves the American market for the products of the American workmen. The other is a policy of more recent origin and seeks to shield our wage earners from the disastrous competition of a great influx of foreign peoples. This has been done by the restrictive immigration law. This saves the American job for the American workmen. I should like to see the administrative features of this law rendered a little more humane for the purpose of permitting those already here a greater latitude in securing admission of members of their own families. But I believe this law in principle is necessary and sound, and destined to increase greatly the public welfare. We must maintain our own economic position, we must defend our own national integrity.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

People, Family, Law, Time

“At what price have so many of us come to believe that the economy is the realm of natural order and that the legitimate and competent sphere of policing—of administration and government—lies elsewhere? What flows from that sharp dichotomy between orderliness in the market and ordering in the penal sphere? At what price do we embrace these categories? And here, the answer is equally clear: at the price, first, of naturalizing the market and thereby effectively shielding from normative assessment the regulatory mechanisms in our contemporary markets and the wealth distributions that occur daily; and at the price, second, of easing, facilitating, and enabling the massive expansion of our penal sphere, or, to be more provocative, of making possible mass incarceration today.”

Bernard Harcourt (1963) American academic

Source: The Illusion of Free Markets: Punishment and the Myth of Natural Order (2011), pp. 31-32

Nature, Wealth

“It’s time to rethink the whole system of HMOs and managed care. This entire unnecessary level of corporatism rakes off profits and worsens the quality of care. But HMOs did not arise in the free market; they are creatures of government interference in health care dating to the 1970s. These non-market institutions have gained control over medical care through collusion between organized medicine, politicians, and drug companies, in an effort to move America toward “free” universal health care.”

Ron Paul (1935) American politician and physician

Diagnosing our Health Care Woes, September 25, 2006 http://www.house.gov/paul/tst/tst2006/tst092506.htm 2000s, 2006-2009

Health, Effort, Universe, Time

“No sooner does a divine gift reveal itself in youth or maid than its market value becomes the decisive consideration, and the poor young creatures are offered for sale, as we might sell angels who had strayed among us.”

John Lancaster Spalding (1840–1916) Catholic bishop

Source: Aphorisms and Reflections (1901), p. 21

Youth, Angels, Decision

“Neither thieves nor officials produce a marketable good to offset what they take; they contribute nothing to the purchasing power because they contribute nothing to the general fund of wealth.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: Fugitive Essays: Selected Writings of Frank Chodorov (1980), p. 273

Wealth

“Down with all colonial policy, down with the whole policy of intervention and capitalist struggle for the conquest of foreign lands and foreign populations, for new privileges, new markets, control of the Straits, etc.!”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Collected Works, Vol. 15, p. 229.
Collected Works

“You cannot spend your way out of a recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we are well placed to weather the storm, I have to tell you, you sound like a Brezhnev era apparatchik giving the party line. You know, and we know, and you know that we know that it's nonsense. Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so. The European Commission has said so. The markets have said so, which is why our currency has devalued by thirty percent. And soon, the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued Government”

Daniel Hannan (1971) British politician

Speech to Gordon Brown in the European Parliament, 24 March 2009 http://www.youtube.com/watch?v=94lW6Y4tBXs 2000s

Way, Chance, Time, Weather

“While numerous studies have dealt with the nature of organization-environment relations, the first major attempt to identify the types of organizational structure and managerial practice that are appropriate for different environmental conditions was conducted by Burns and Stalker, who studied twenty manufacturing firms in England and Scotland. Of these, fifteen were in the electronics industry, four were in research and development, and one was a major manufacturer. The particular environmental conditions examined were the rates of change in the scientific technology and the relevant product markets of the firms being studied.”

Arthur G. Bedeian (1946) American business theorist

1984; 190
Organizations: Theory and Analysis, 1984

Nature, Study, Change

“What does cultural pluralism signify in the absence of economic pluralism? Perhaps the question seems meaningless. Yet the apparent lack of meaning signals the intellectual retreat. The economic structure of society—call it advanced industrial society or capitalism or the market economy—stands as the invariant; few can imagine a different economic project. The silent agreement says much about multiculturalism. No divergent political or economic vision animates cultural diversity. From the most militant Afrocentrism to the most ardent feminists, all quarters subscribe to very similar beliefs about work, equality and success. The secret of cultural diversity is its political and economic uniformity. The future looks like the present with more options. Multiculturalism spells the end of utopia.”

Russell Jacoby (1945) American historian

Source: The End of Utopia (1999), pp. 39-40

Secret, Imagination, Question, Success

“It would be inconceivable for the House to adjourn for Easter without recording the fact that last Friday the High Court disallowed an Act which was passed by this House and the House of Lords and received Royal Assent — the Merchant Shipping Act 1988. The High Court referred the case to the European Court…I want to make it clear to the House that we are absolutely impotent unless we repeal Section 2 of the European Communities Act. It is no good talking about being a good European. We are all good Europeans; that is a matter of geography and not a matter of sentiment. Are the arrangements under which we are governed such that we have broken the link between the electorate and the laws under which they are governed? I am an old parliamentary hand — perhaps I have been here too long — but I was brought up to believe, and I still believe, that when people vote in an election they must be entitled to know that the party for which they vote, if it has a majority, will be able to enact laws under which they will be governed. That is no longer true. Any party elected, whether it is the Conservative party or the Labour party can no longer say to the electorate, "Vote for me and if I have a majority I shall pass that law", because if that law is contrary to Common Market law, British judges will apply Common Market law.”

Tony Benn (1925–2014) British Labour Party politician

Speech in the House of Commons (13 March 1989) http://hansard.millbanksystems.com/commons/1989/mar/13/adjournment-easter-and-monday-1-may on the Factortame case 1980s

People, Law, Communication, Housing

“Just as in literature, where memorable characters like Hamlet or Heathcliff or even Dirty Harry stand out and become symbols for a larger segment of humanity, so in marketing can whole target-customer populations become imagined as teenyboppers, yuppies, pickups and gun racks, or the man in the gray flannel suit. These are all just images—stand-ins for a greater reality—picked out from a much larger set of candidate images on the grounds that they really “click” with the sum total of an informed person’s experience. These were, in short, the memorable ones.”

Geoffrey Moore book Crossing the Chasm

Source: Crossing the Chasm, 1991, p. 67

Imagination, Literature, Reality, Personality

“We hardly need to be reminded that we are living in an age of confusion — a lot of us have traded in our beliefs for bitterness and cynicism or for a heavy package of despair, or even a quivering portion of hysteria. Opinions can be picked up cheap in the market place while such commodities as courage and fortitude and faith are in alarmingly short supply.”

Edward R. Murrow (1908–1965) Television journalist

This I Believe (1951)

Age, Faith, Courage, Despair

“Looking back the great American ‘stabilisation’ [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment [driven by too easy credit]… which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ]”

Dennis Holme Robertson (1890–1963) British economist

D.H. Robertson in "How Do We Want Gold to Behave?." The International Gold Problem, Humphrey Milford (1932): As cited in imagi-natives.com; Also cited in: Murray N. Rothbard (2013) America's Great Depression (LFB) p. 1921.

Money, Effort

“Think of past wars and of those that subjected people will have to wage to conquer the right to breathe freely, the wars for markets, the wars to create colonial empires. And in France we unfortunately know only too well that every war, victorious or not, is followed by slavery.
And finally what is even worse than all that has just been enumerated, is the fact that the education we all receive from the State, at school and after, has so warped our minds that the very notion of freedom ends up by being lost, and disguised in servitude.
It is a sad sight to see those who believe themselves to be revolutionaries unleashing their hatred on the anarchist — just because his views on freedom go beyond their petty and narrow concepts of freedom learned in the State school. And meanwhile, this spectacle is a reality. The fact is that the spirit of voluntary servitude was always cleverly cultivated in the minds of the young, and still is, in order to perpetuate the subjection of the individual to the State.”

Peter Kropotkin (1842–1921) Russian zoologist, evolutionary theorist, philosopher, scientist, revolutionary, economist, activist, geogr…

Source: The State — Its Historic Role (1897), IX

War, People, Education, Sadness

“Question: …you believe the Fed shouldn't exist… make the case.
Ron Paul: First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you can't have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be…
Question: How does the gold standard solves that?
Ron Paul: It maintains a stable currency and a stable value. If the Fed concentrated more on stable money rather than stable prices… They push up new money in stocks and in commodities and in houses, and then they have to come in to rescue the situation. They create the bubbles, then they come in and rescue it, and they do nothing more than try to do price fixing. Capitalism depends, and capital comes from savings, but there's no savings in this country, so this is all artificial. It creates the misdirection and the malinvestment and all the excessive debt, and it always has to have a correction. Since the Fed has been in existence, the dollar has lost about 97% of its value. You're supposed to encourage savings, but if something loses its value, why save dollars? There's no encouragement whatsoever. […] Gold is 6000 years old, and it still maintains its purchasing power. Oil prices really are very stable in terms of Gold. […] Both conservatives and liberals want to enhance big government, and this is a seductive way to tax the middle class.”

Ron Paul (1935) American politician and physician

CNBC debate with Faiz Shakir, March 20, 2008 http://www.youtube.com/watch?v=k94VWPjUQSM 2000s, 2006-2009

Money, Secret, Way, Question

“Starting in 1918 at General Motors I found to my surprise] that if I followed the prevailing practice of intercorporate relations I would no longer be able to determine the rate of return on investment for these accessory divisions individually or as a group. This would necessarily mean that I would lose some degree of managerial control over my area of operations. At that time, material within General Motors was passing from one operating division to another at cost, or at cost plus some predetermined percentage. My divisions in the United Motors Corporation had sold both to outside customers and to their allied divisions at the market price. I knew that I operated a profit-making group, and I wished to continue to be able to demonstrate this performance to the general management, rather than to have my operating results on interdivisional business swallowed up in the extra bookkeeping profits of some other division. It was a case of keeping the information clear.”

Alfred P. Sloan (1875–1966) American businessman

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

Business, Time

“Our provost has poured forth some venomous stuff which he has committed to permanent form so that it might be retained. He wrote a letter to me in which he said that tithes were of divine right. I had controverted this publicly, in Latin, however, not in German. Likewise he informs me that the truth is not to be spoken at all times, doubtless thinking that nothing evil ought to be said against the priests. He pleads from the market-place that I should not furnish arms to laymen to use against the clergy.”

Huldrych Zwingli (1484–1531) leader of the Protestant Reformation in Switzerland, and founder of the Swiss Reformed Churches

Letter to Myconius February 16, 1520 ibid, p.156

Truth, Thinking, Evil, Time

“The U. S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that a nanosecond had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all. What had once been the world’s most public, most democratic, financial market had become, in spirit, something like a private viewing of a stolen work of art.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 69

World, Art, Idea, Speed

“Some institutionalist lines of thought, arising particularly in economics and political science, retain very strong notions of society as made up of bounded, purposive, sovereign, and rational actors. In economics, these might be individuals or organizations, operating in market-like environments. In political science, they might be sovereign national-states operating in an almost anarchic environment. Institutionalism, in such schemes, involves the idea that some fundamental institutional principle must be in place before systems of such actors can effectively operate. The classic core principle required in economic versions is property rights (North & Thomas, 1973). In international relations theory it is the principle of nation-state sovereignty”

John W. Meyer (1935) Sociologist and professor at Stanford University

Krasner, 1999
Source: "Reflections on institutional theories of organization,." 2008, p. 790

Idea, Strong, Science

“During those five years (of retirement), I traveled a lot and in some of the cities I visited, there was a kind of immediate recognition, whether it was Egypt or the Middle-East, or Russia or Africa. This kind of surprised me. It wasn't so much a reflection on me. It was a reflection on the Hindi film industry. People didn't know me by name, they knew me by my film name. They sang my songs when they saw me on the street, and came up to me and called me Vijay, for instance. I felt that if there is so much recognition of this medium and this industry in totally non-traditional regions of the world, why is it that something is not being done to market this or to promote it at a much larger scale? This is when I thought of the idea of forming a corporation much like international corporations worldwide to get a kind of professionalism and a kind of corporate attitude to the entertainment industry in this country and to be able to exploit it in all parts of the world. That was the attraction. That really brought me back again. Also, during my 30-year career, one of the accusations that used to come my way was that you've never invested back into the film industry. You've invested in pharmaceuticals, in this and that. But you've never invested your money back into the industry. But here, I felt, was one activity that was very genuine. I really was putting money back to raise the standard of working in the industry”

Amitabh Bachchan (1942) Indian actor

On his motivation behind starting ABCL
Quotable quotes by Amitabh Bachchan.

Money, People, World, Way

“At the beginning of the Clinton administration in the early 1990s, adviser James Carville was stunned at the power the bond market had over the government. If he came back, Carville said: I used to think if there was reincarnation, I wanted to come back as the president or the pope or a.400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.”

James Carville (1944) political writer, consultant and United States Marine

Wall Street Journal (February 25, 1993, p. A1)

Thinking

“When I look at this as a proposal [i. e. British entry into the Common Market], it is really an extraordinary change. We used to put the Commonwealth first. It is quite obvious now that the Commonwealth comes second. We are going to be closer friends with the Germans, the Italians and the French than we are with the Australians or the Canadians. People are talking about what will happen thirty years hence: but, you know, twenty years ago I should never have imagined that we would be putting, as close friends, the Germans in front of the Canadians, the Australians, the New Zealanders, the Indians or anyone else. That does make for an entire revolution. It is also an entire revolution in the historic position of this country. I am not putting it forward that necessarily old things are right: I should be showing my age too clearly if I did that. It may be they are right; but make no mistake: this is an enormous change.”

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

Speech http://hansard.millbanksystems.com/lords/1962/aug/02/britain-and-the-common-market in the House of Lords on the British application to join the Common Market (2 August 1962). 1960s

People, Age, Imagination, Change

“Having alternative currencies is great, right, because, historically, government's had a monopoly on currency. … At the end of the day, why should only politicians—either directly or indirectly—control the currency? We can reduce transaction cost, provide an alternative, and—look, I don't know whether it'll be Bitcoin or not—but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it. Let the market determine whether there's any value there or not. … If people are saying, "Look, we gotta ban Bitcoin because it's somewhat anonymous and anonymous transactions can occur," or "because it's possible for criminals to use it," all of those arguments can be used to say, "Just ban dollars."”

Jared Polis (1975) American entrepreneur, philanthropist, and US Representative

… The government doesn't need to "treat" it [Bitcoin] at all. … The government policy should be completely agnostic about what unit of exchange is used.
Jared Polis, interviewed by Kennedy, Matt Welch, and Kmele Foster on The Independents, Fox Business (10 March 2014).

People, Way, Thinking

“Jobs: Let me compare it with IBM. How come the Mac group produced Mac and the people at IBM produced the PCjr? We think the Mac will sell zillions, but we didn’t build Mac for anybody else. We built it for ourselves. We were the group of people who were going to judge whether it was great or not. We weren’t going to go out and do market research. We just wanted to build the best thing we could build. When you’re a carpenter making a beautiful chest of drawers, you’re not going to use a piece of plywood on the back, even though it faces the wall and nobody will ever see it. You’ll know it’s there, so you’re going to use a beautiful piece of wood on the back. For you to sleep well at night, the aesthetic, the quality, has to be carried all the way through.
Playboy: Are you saying that the people who made the PCjr don’t have that kind of pride in the product?
Jobs: If they did, they wouldn’t have turned out the PCjr.”

Steve Jobs (1955–2011) American entrepreneur and co-founder of Apple Inc.

Steve Jobs, Playboy interview http://reprints.longform.org/playboy-interview-steve-jobs, Feb 1985 1980s

People, Beauty, Way, Thinking

“Government doesn’t "intrude" on the "free market." It creates the market.”

Robert B. Reich (1946) American political economist

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

“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.”

Kenneth Arrow (1921–2017) American economist

Source: 1950s-1960s, "Existence of an equilibrium for a competitive economy." 1954, p. 265

Time

“Arisen online and beyond is a niche-market of nudniks (nags): Women talking, blogging, vlogging, writing and publishing about women in high-technology or their absence therefrom; women beating the tom-tom about discrimination and stereotyping, but saying absolutely nothing about the technology they presumably love and help create.”

Ilana Mercer South African writer

" James Damore Confronts The Hags of High-Tech (& Loses) https://townhall.com/columnists/ilanamercer/2017/08/12/james-damore-confronts-the-nagging-harridans-of-hightech--loses-n2367635," Townhall.com, August 12, 2017. 2010s, 2017

Love, Women, Help

“Well I think that my main concern is that there is a market lack of desire for quote-unquote art that people are creating and appreciating. I think because there’s a lack of desire for that, which translates to the creation and elevation of art that then thereby lack substance because there’s no desire for it, there’s no appreciation for it. It self-perpetuates a world in which the hollow, the vapid and the greedy are elevated and revered. That bothers me because art is so important whether it’s design, fine art, film, fashion, things that are important to the world. It’s what makes me want to wake up in the morning, it drives me.”

Davey Havok (1975) American singer

Asked what concerns him the most about the society today. The Aquarian, November 2009 http://www.theaquarian.com/2009/11/06/interview-davey-havok-afi-conspicuous-composition/

People, World, Art, Quotes

“Since 1954, the raw speed of computers, as measured by the time it takes to do an addition, increased by a factor of 10,000. That means an algorithm that once took 10 minutes to perform can now be done 15 times a second. Students sometimes ask my advice on how to get rich. The best advice I can give them is to dig up some old algorithm that once took forever, program it for a modern workstation, form a startup to market it and then get rich.”

Maurice Wilkes (1913–2010) British computer scientist

"A Half Century of Surprises", in Talking Back to the Machine: Computers and Human Aspiration‎, Ed. Peter J. Denning, Springer, 1999, ISBN 0387984135, p. 112

Time, Speed

“I hate to say it but Apple may end up reliving [with iPhone] its nightmare experience in the personal computer market — that is, arriving ahead of everyone else (in 1984) with a device that was really cool and really well built and really showed what the platform could do, but then keeping everything closed and thereby ending up a niche player.”

Daniel Lyons (1960) American writer

Thoughts on G1 and Apple http://realdanlyons.com/blog/2008/09/23/thoughts-on-g1-and-apple in RealDanLyons.com (23 September 2008)

Hate, Personality

“Cheap power helped create a new market that didn't exist previously.”

Andy Kessler (1958) American writer

Part II, Revolution, Pressure Drop, p. 66.
Running Money (2004) First Edition

Help

“Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion—the technique of the army and of the modern totalitarian state. The other is voluntary co-operation of individuals—the technique of the market place.”

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

Source: (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, pp. 12-13

Way

“In my essay I refuted the Hayek-Robbins argument by showing how a market mechanism could be established in a socialist economy which would lead to the solution of the simultaneous equations by means of an empirical procedure of trial and error. […] Were I to rewrite my essay today my task would be much simpler. My answer to Hayek and Robbins would be: so what’s the trouble?
Let us put the simultaneous equations on an electronic computer and we shall obtain the solution in less than a second. The market process with its cumbersome tatonnements appears old-fashioned. Indeed, it may be considered as a computing device of the preelectronic age.”

Oskar R. Lange (1904–1965) Polish economist

"The computer and the market" (1967)

Age, Error, Fashion, Appearance

“A novel is a marketable commodity, of the class collectively termed “luxuries,” as not contributing directly to the support of life or the maintenance of health. It is of the class "artistic luxuries" because it does not appeal to any of the three material senses — touch, taste, smell; and it is of the class "intellectual artistic luxuries,” because it is not judged by the superior senses — sight and hearing.”

Francis Marion Crawford (1854–1909) Novelist, short story writer, essayist (1854-1909)

The Novel: What It Is (1893)

Life, Health, Support, Sense

“We are but of yesterday, and yet we have filled all the places that belong to you — cities, islands, forts, towns, exchanges; the military camps themselves, tribes, town councils, the palace, the senate, the market-place; we have left you nothing but your temples.”
Esterni sumus, & vestra omnia implevimus, Vrbes, Insulas, Castella, Municipia, Conciliabula, Castra ipsa, Tribus, Decurias, palatium, Senatum, Forum, sola vobis relinquimus Templa.

Tertullian (155–220) Christian theologian

Tertullian's Plea For Allegiance, A.2

“Loss of market begets unemployment. Emphasis has been on short-term profit, to the undernourishment of plans that might generate new product and service that would keep the company alive and provide jobs and more jobs. It is no longer socially acceptable performance to lose market and to dump hourly workers on to the heap of unemployed.
The basic sickness of American industry and resulting unemployment is failure of top management to manage. Loss of market, and unemployment, are not foreordained. They are not inevitable. They are not acceptable. The day is past when people in management need not know anything about management by which I mean to include problems of production, supervision, training.”

W. Edwards Deming (1900–1993) American professor, author, and consultant

Source: Quality, Productivity and Competitive Position, (1982), p. i; Preface

People, Failure, Problem, Loss

“Cross-functional KAM companies stand out with respect to both performance in the market and adaptiveness.”

Christian Homburg (1962) German academic

"A configurational perspective on key account management", 2002

“In sum, therefore, many of the assumptions and analytical frameworks that underpin the instrumental argument for free markets and inequality are either invalid or much weaker than is commonly supposed.”

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

Source: Economics after the crisis : objectives and means (2012), Ch. 1 : Economic Growth, Human Welfare, and Inequality

“…the power to control the supply of money, which is one of the fundamental aspects of sovereignty, has passed from government into other hands; and therefore new institutions must be set up which will in effect exercise some of the major functions of government. They would set the level of public expenditure, and settle fiscal policy, the exercise of taxing and borrowing powers of the state, since these are indisputedly the mechanism by which the money supply is determined. But they would do more than this. They would be supreme over the economic ends and the social structure of society: for by fixing prices and incomes they would have to replace the entire automatic system of the market and supply and demand—be that good or evil—and put in its place a series of value judgments, economic or social, which they themselves would have to make…There is a specific term for this sort of polity. It is, of course, totalitarian, because it must deliberately and consciously determine the totality of the actions and activities of the members of the community; but it is a particular kind of totalitarian regime, one, namely, in which authority is exercised and the decisions are taken by a hierarchy of unions or corporations—to which, indeed, on this theory the effective power has already passed. For this particular kind of totalitarianism the Twentieth Century has a name. That name is "fascist."”

Enoch Powell (1912–1998) British politician

Speech in Leamington (18 September 1972), quoted in The Times (19 September 1972), p. 12
1970s

Money, Exercises, Communication, Decision

“This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the 'separation and control' issue, investigate the nature of the agency costs generated by the existence of debt and outside equity, demonstrate who bears the costs and why, and investigate the Pareto optimality of their existence. We also provide a new definition of the firm, and show how our analysis of the factors influencing the creation and issuance of debt and equity claims is a special case of the supply side of the completeness of markets problem.”

Michael Jensen (1939) American economist

Source: "Theory of the firm: Managerial behavior, agency costs and ownership structure", 1976, p. 305 Abstract

Optimism, Nature, Problem

“Since in reality the stock market is inhabited by mere mortals, there is no way that the stock market can be efficient in the way that economists define the term.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 216

Way, Reality

“Overconsumption by US citizens, US buy-outs of foreign companies and dollars the Pentagon spends abroad all end up in foreign central banks. These governments face a hard choice: either recycle the dollars back to America by buying US Treasury bonds or let the “free market” force up their currencies relative to the dollar – thereby pricing their exports out of world markets, creating domestic unemployment and business failures. US-style free markets hook them into a system that forces them to accept unlimited dollars. Now they want out. … The US is the world’s largest debtor, yet has avoided the pain of “structural adjustments” imposed on other debtor nations. US interest rate and tax reductions in the face of exploding trade and budget deficits are seen as the height of hypocrisy in view of the austerity programmes that Washington has forced on other countries via the International Monetary Fund and other vehicles.”

Michael Hudson (economist) (1939) American economist

Washington cannot call all the shots http://michael-hudson.com/2009/06/washington-cannot-call-all-the-shots/ (June 14, 2009) Michael-Hudson.com, 1998-

Pain, World, Failure, Business

“Price dispersion is a manifestation — and, indeed, it is the measure — of ignorance in the market. Dispersion is a biased measure of ignorance because there is never absolute homogeneity in the commodity if we include the terms of sale within the concept of the commodity. Thus, some automobile dealers might perform more service, or carry a larger range of varieties in stock, and a portion of the observed dispersion is presumably attributable to such differences. But it would be metaphysical, and fruitless, to assert that all dispersion is due to heterogeneity.”

George Stigler (1911–1991) American economist

Source: "The economics of information," 1961, p. 214

Quotes about marketer page 8

Quotes about marketer
page 8