Quotes about marketing (1646 quotes, page 3)

“Reconquer the streets, the markets – the public spaces, with the same message of opposition: We are devastated, but we will not give up. With torches and roses, we deliver this message to the world: We do not let fear break us. And we do not let the fear of fear silence us.”

Jens Stoltenberg (1959) Norwegian politician, 13th Secretary-General of NATO, 27th Prime Minister of Norway

The City Hall Square Speech, July 25. 2011 ( Aftenposten http://www.aftenposten.no/nyheter/iriks/article4185069.ece).
2010s

World , Fear , Silence

“We have a lot of work to do. We have 90% of PC [market] share and 14% of total device share. We get that”

Satya Nadella (1967) CEO of Microsoft appointed on 4 February 2014

How Nadella will really change Microsoft http://www.businessinsider.com/how-nadella-will-really-change-microsoft-2014-7 in Business insider (15 July 2014)

“There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.”

Benjamin Graham (1894–1976) American investor

Part IV, Chapter XIV, Farm Problems and Remedies, p. 172
Storage and Stability (1937)

“Contemporary art -- the field we are usually working in because there's money -- is mostly concerned with systems or systematic concepts. In the context of their work, artists adapt models of individual art-specific or economic or political systems like in a laboratory, to reveal the true nature of these systems by deconstructing them. So would it be fair to say that by their chameleon-like adaptation they are attempting to generate a similar system? Well… the corporate change in the art market has aged somewhat in the meantime and looks almost as old as the 'New Economy'. Now even the last snotty brat has realized that all the hogwash about the creative industries, sponsoring, fund-raising, the whole load of bullshit about the beautiful new art enterprises, was not much more than the awful veneer on the stupid, crass fanfare of neo-liberal liberation teleology. What is the truth behind the shifting spheres of activity between computer graphics, web design and the rest of all those frequency-orientated nerd pursuits? A lonely business with other lonely people at their terminals. And in the meantime the other part of the corporate identity has incidentally wasted whole countries like Argentina or Iceland. That's the real truth of the matter.”

Johannes Grenzfurthner (1975) Austrian artist, writer, curator, and theatre and film director

Interview on Furtherfield http://www.furtherfield.org/interviews/interview-johannes-grenzfurthner-monochrom-part-1

Money , People , Truth , Age

“Look at Unix. It was essentially open source before anyone invented the term, and that caused a large number of ways to solve the same problem and left the market to sort them out, which they didn't (the market never will sort out bad quality in anything but the single most important property of the products), and Unix got itself into a position where some horribly demented crapware from Microsoft could compete with it and fool a whole bunch of people for a while.”

Erik Naggum (1965–2009) Norwegian computer programmer

Re: source access vs dynamism http://groups.google.com/group/comp.lang.lisp/msg/e10a8b07a244d7fa (Usenet article).
Usenet articles, Miscellaneous

People , Fools , Way , Problem

“I had by this time heard a number of his public speeches and was beginning to understand the pattern of their appeal. The first secret lay in his choice of words. Every generation develops its own vocabulary of catchwords and phrases, and these date thoughts and utterances. My own father talked like a contemporary of Bismarck, the people of my own age bore the stamp of Wilhelm II, but Hitler had caught the casual camaraderie of the trenches, and without stooping to slang, except for special effects, managed to talk like a member of his audience. In describing the difficulties of the housewife without enough money to buy the buy the food her family needed in the Viktualien Market he would produce just the phrases she would have used herself to describe her difficulties, if she had been able to formulate them. Where other national orators gave the painful impression of talking down to their audience, he had his priceless gift of expressing exactly their own thoughts.”

Ernst Hanfstaengl (1887–1975) German businessman

Quoted in "Hitler: The Missing Years" - Page 67 - by Ernst Hanfstaengl, John Toland - 1994

Money , Pain , People , Secret

“In definitional terms, a process is simply a structured, measured set of activities designed to produce a specific output for a particular customer or market. It implies a strong emphasis on how work is done within an organization, in contrast to a product focus’s emphasis on what. A process is thus a specific ordering of work activities across time and space, with a beginning and an end, and clearly defined inputs and outputs: a structure for action.”

Thomas H. Davenport (1954) American academic

Process Innovation: Reengineering Work through Information Technology, 1993

Strong , Time

“[T]he only mark-to-market thing in politics is Election Day; everything else is hot air.”

Mike Murphy (political consultant) (1962) American political consultant

2010s, 2018, Interview with Bill Kristol (2018)

“Next they passed the Sacred Mountain and the highlands where the Mossynoeci live in the mossynes or wooden houses from which they take their name. These people have their own ideas of what is right and proper. What we do as a rule openly in town or market-place they do at home; and what we do in the privacy of our houses they do out of doors in the open street, and nobody thinks the worst of them. Even the sexual act puts no one to blush in this community. On the contrary, like swine in the fields, they lie down on the ground in promiscuous intercourse and are not at all disconcerted by the presence of others. Then again, their king sits in the loftiest hut of all to dispense justice to his numerous subjects. But if the poor man happens to make a mistake in his findings, they lock him up and give him nothing to eat for the rest of the day.”

Apollonius of Rhodes book Argonautica

Source: Argonautica (3rd century BC), Book II. Onward to Colchis, Lines 1015–1029

People , Lie , Justice , Home

“Nowhere have REH’s epistemological flaws and empirical disappointments been more apparent than in efforts to model financial market outcomes, which are largely driven by participants’ expectations. Beginning with Robert Shiller’s (1981) pathbreaking paper, research has shown that REH models are unable to explain the basic features of fluctuations and risk in stock markets. Likewise, in their magisterial work on the current state of international macroeconomics, Maurice Obstfeld and Kenneth Rogoff (1996: 625) concluded that “the undeniable difficulties that international economists encounter in empirically explaining nominal exchangerate movements are an embarrassment, but one shared with virtually any other field that attempts to explain asset price data.” The failures of REH explanations of aggregate outcomes gave rise to alternative approaches, most notably behavioral finance models. However, sober assessments even by the likes of Obstfeld and Rogoff did not dispel the faith of most economists that REH models would one day be able to explain financial market outcomes and macroeconomic performance.”

Roman Frydman (1948) American economist

"Which Way Forward for Macroeconomics and Policy Analysis?" 2013

Faith , Disappointment , Behavior , Failure

“This book offers an analytic description of the complicated processes by which seasons of business prosperity, crisis, depression, and revival come about in the modern world. The materials used consist chiefly of market reports and statistics concerning the business cycles which have run their course since 1890 in the United States, England, Germany and France.”

Wesley Clair Mitchell (1874–1948) American statistician

Preface
Business Cycles, 1913

Books , World , Business , Season

“I am not persuaded that Hayek got the substantive connections entirely right. He was too captivated by the enabling effects of the market system on human freedoms and tended to downplay - though he never fully ignored - the lack of freedom for some that may result from a complete reliance on the market system, with its exclusions and imperfections, and the social effects of big disparities in the ownership of assets. But it would be hard to deny Hayek's immense contribution to our understanding of the importance of judging institutions by the criterion of freedom.”

Amartya Sen (1933) Indian economist

"An insight into the purpose of prosperity", Financial Times (September 20, 2004)
2000s, "An insight into the purpose of prosperity," 2004

Understanding , Freedom

“It seems to me more and more that the immense efforts which during the great popularity of macroeconomics over the last thirty or forty years have been devoted to it, were largely misspent, and that if we want to be useful in the future we shall have to be content to improve and spread the admittedly limited insights which microeconomics conveys.I believe it is only microeconomics which enables us to understand the crucial functions of the market process: that it enables us to make effective use of information about thousands of facts of which nobody can have full knowledge.”

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

1980s and later, Knowledge, Evolution and Society (1983), "Coping with Ignorance"
Source: http://imprimis.hillsdale.edu/coping-with-ignorance/

Effort , Future , Knowledge , Understanding

“In and of itself, the market is not, and must not become, the place where the strong subdue the weak.”

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

2009, Cartias in Vertitate (29 June 2009)

Strong

“Bob Hope will go to the opening of a phone booth in a gas station in Anaheim, providing they have a camera there and three people. He'll go to the opening of a market to receive an award. He'd get an award from Thom McCan for wearing their shoes. It's pathetic. It's a bottomless pit. A barrel that has no floor. He must be a man who has an ever-crumbling estimation of himself. He's constantly filling himself up. He's like a junkie – an applause junkie. What happens to those people when they can't get up and do their shtick, God only knows. Bob Hope, Christ, instead of growing old gracefully or doing something with his money, be helpful, all he does is he has an anniversary with the President looking on. It's sad. He gets on an airplane every two minutes always going someplace. It didn't bother him at all to work the Vietnam War. Oh, he took that in his stride. He did his World War II and Korean War act. "Our boys" and all that. He’s a pathetic guy.”

Marlon Brando (1924–2004) American screen and stage actor

Money , God , War , People

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

Arie de Geus (1930) Dutch businessman

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

Life , People , World , Idea

“It took only a few days to block off the little room on the third floor back of the Piquette Avenue plant and to set up a few simple power tools and Joe Galamb's two blackboards. The blackboards were a good idea. They gave a king-sized drawing which, when all initial refinements had been made, could be photographed for two purposes: as a protection against patent suits attempting to prove prior claim to originality and as a substitute for blueprints. A little more than a year later Model T, the product of that cluttered little room, was announced to the world. But another half year passed before the first Model T was ready for what had already become a clamorous market…”

Charles E. Sorensen (1881–1968) American businessman

Source: My Forty Years with Ford, 1956, p. 97 ; As cited in: EyeWitness to History (2005)

World , Idea , Drawing

“James Callaghan: …I am not pro, nor am I anti…
Robin Day: What are you doing on this programme?
Callaghan: I'm here because you asked me.
Day: You're here to advise people to vote 'Yes' aren't you?
Callaghan: …I am here, and the Prime Minister has taken the same line; it is our job to advise the British people on what we think is the right result. Now there are a lot of other people who've always been emotionally committed to the Market. A lot of other people have been always totally opposed to the Market. I don't think the Prime Minister or myself have ever been in either category and that is not our position today. I'm trying to present the facts as I see them and why we have come down in favour of – now Britain is in, we should stay in.”

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

On Robin Day's phone-in (27 May 1975), quoted in David Butler and Uwe Kitzinger, The 1975 Referendum (Macmillan, 1976), p. 176.
Foreign Secretary

People , Thinking

“I will not permit my government to be influenced by the markets.”

Itamar Franco (1930–2011) Brazilian politician

Online text Inheritor of Tarnished Presidency: Itamar Augusto Cantiero Franco http://www.nytimes.com/1992/12/30/world/man-in-the-news-inheritor-of-tarnished-presidency-itamar-augusto-cantiero-franco.html (December 30, 1992)

“We are not smart enough to leave things to the market.”

Ha-Joon Chang book 23 Things They Don't Tell You About Capitalism

Thing 16
23 Things They Don't Tell You About Capitalism (2010)

“The stock market has forecast nine of the last five recessions.”

Paul A. Samuelson (1915–2009) American economist

Paul Samuelson (1966), quoted in: John C Bluedorn et al. Do Asset Price Drops Foreshadow Recessions? (2013), p. 4
1950s–1970s

“If financial markets aren't efficient, then what are they? According to the 'fractal market hypothesis', they are highly unstable dynamic systems that generate stock prices which appear random, but behind which lie deterministic patterns.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 11, Finance And Economic Breakdown, p. 243

Lie , Appearance

“Marx, although a man of broad knowledge, had one blind spot: he was ignorant of the true character of economics. He did not realize that economics can only be understood in close relationship to the other humanities (and certain sciences), and therefore should not be studied in vacuo. Ironically, this very weakness was largely instrumental in making Marxism successful. Marxist economics—yet another instance of a false but clear idea—can be explained to the merest child in a matter of minutes. (Conversely, to explain the workings of the free market economy to an adult would take weeks of hard work.) Because it was easily grasped, Marxism flooded the world within a few decades, as had other simplistic ideologies and religions, such as Islam and the Enlightenment; this same sort of simplicity gave rise to the French Revolution and national socialism. Christianity, on the other hand, took three centuries to triumph.”

Erik von Kuehnelt-Leddihn (1909–1999) Austrian noble and political theorist

Source: Leftism Revisited (1990), p. 337

World , Religion , Idea , Knowledge

“Mehrling: So you didn’t read at that time the classic banking texts, for example, Bagehot’s Lombard Street?
Volcker: Well I read some of Bagehot, and I read a lot of Hawtrey. I remember I read a lot of Hawtrey.
Mehrling: Currency and Credit? The Art of Central Banking?
Volcker: I don’t remember the names of the books, just being in London. In those days I used to read The Economist and the Financial Times, so I kept up with what was going on in the money markets.”

Paul Volcker (1927–2019) American economist

Paul Volcker interviewed by Perry Mehrling (April 18, 2000) in Inside the economist’s mind: conversations with eminent economists (2007) edited by Paul A. Samuelson and William A. Barnett.

Money , Books , Art , Time

“An area in which more rather than less government involvement is needed, in my judgment, is the rooting out of fraud. It is the bane of any market system.”

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

Source: 2000s, The Age of Turbulence (2008), Chapter Nineteen, "Globalization and Regulation", p. 375.

Fraud

“How can it be "mutually beneficial" to sell at world market prices the raw materials that cost the underdeveloped countries immeasurable sweat and suffering, and to buy at world market prices the machinery produced in today's big automated factories?”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Afro-Asian Conference (1965)

World , Suffering , Country

“There’s this about a farm: when the market’s good there’s money, and when it’s bad there’s food.”

Theodore Sturgeon book More Than Human

Source: More Than Human (1953), Chapter 1, p. 34

Money , Food

“Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Rise & Fall of Society (1959), p. 56

Men

“…the key factor in industry is creativity. I said there are three creativities: creativity in technology, in product planning, and in marketing. To have any one of these without the others is self defeating in business.”

Akio Morita (1921–1999) Japanese businessman

Source: Made in Japan (1986), p. 163.

Business

“We're in a bubble. We have artificially low interest rates. We have a stock market that, frankly, has been good to me, but I still hate to see what's happening. We have a stock market that is so bloated. Be careful of a bubble because what you've seen in the past might be small potatoes compared to what happens. So be very, very careful.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2015, Presidential Bid Announcement (June 16, 2015)

Hate , Past

“We investigate how the degree to which credit markets are centralized affects efficiency when there is asymmetric information. Specifically, we argue that decentralization of credit may promote efficient project selection when creditors are not fully informed ex ante about project quality.
Our starting point is the idea that, although an entrepreneur (project manager) may have a relatively good idea of her project's quality from the outset, creditors acquire this information only later on, by which time the criteria for profitability may have changed. Thus, a poor project (one whose completion time is too long to be profitable ex ante) may nevertheless be financed, since a creditor cannot distinguish it at the time from a good (quick) project.”

Eric Maskin (1950) American Nobel laureate in economics

Mathias Dewatripont and Eric Maskin. " Credit and efficiency in centralized and decentralized economies http://www.sef.hku.hk/~cgxu/0601/ECON0601/Dewatripont-Maskin_SBC_RES95.pdf." The Review of Economic Studies 62.4 (1995): 541-555.

Idea , Change , Time

“The market is a place set apart where men may deceive each other.”

Diogenes Laërtius (180–240) biographer of ancient Greek philosophers

Anacharsis, 5.
The Lives and Opinions of Eminent Philosophers (c. 200 A.D.), Book 2: Socrates, his predecessors and followers

Men

“Large number of tribes, Dalits and Backward Castes have a historical food culture of beef. The anti-beef agenda has been in the Brahmanical fold. It began with the South Indian Brahmins and then spread to the North and became part of the Gandhian movement. My question is, how can the state impose a certain food culture on people? The state has nothing to do with food. They can give certain food to people depending on the market, but cannot impose that you can or cannot eat certain food items. If beef eating is bad for Brahmins or Baniyas or certain upper castes, then the state is imposing that on the rest of the society. So the state is actually becoming a theocratic state.”

Kancha Ilaiah (1952) Indian scholar, activist and writer

Quoted in DNA India (04 March 2015) http://www.dnaindia.com/india/interview-maharashtra-s-beef-ban-is-not-merely-communal-it-is-theocratic-kancha-ilaiah-2066223.

People , Food , Question , Parting

“2) Never be embarrased or ashamed about anything you choose to write. (Think of this before you send it to a market)”

Larry Niven (1938) American writer

Niven's Laws, Niven's Laws For Writers

Thinking

“The right path to health-care reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make health care run the same way as the post office. Obama seems to favor the latter path, even though he admits that it is the least well-performing one. This is surely the definition of fanaticism. If the mobs aren't angry, they should be.”

Lew Rockwell (1944) American libertarian author and editor

13 August 2009, "Obama and the Post Office" http://www.lewrockwell.com/rockwell/obama-postoffice126.html
2000s

Health , Way , Universe

“If free market prices don't give people what they morally deserve, should we try to regulate factor prices so that they do track producers' moral deserts? Hayek offered two compelling arguments against this proposal. First, if you fix prices on a backward-looking standard, they will no longer be able to perform their informational function. Producers will produce for what was demanded last quarter, even if it isn't demanded today. This creates enormous waste and generates huge opportunity costs. We'd be much poorer in an economy that worked like this. […] Hayek was right. It might sound like a compelling idea, to make sure that people receive the income they morally deserve. But orienting the economy around this goal, assuming it is achievable at all (and there are principled doubts about that), would doom us to poverty and serfdom. It would abolish capitalism, along with its chief virtues. It isn't worth the draconian costs.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

People , Idea

“Tcl long ago fell into the Forth trap, and is now trying desperately to extricate itself (with some help from Sun's marketing department).”

Larry Wall (1954) American computer programmer and author, creator of Perl

Usenet postings, 1997

Sun , Help

“Either you believe in markets, or you believe in government.”

Lawrence Kudlow (1947) American economist

Kudlow's Money Politics blog http://web.archive.org/20060507164321/lkmp.blogspot.com/2005/01/social-security.html, January 14, 2005.

“Only with these three kinds of creativity - technology, product planning, and marketing - can the public receive the benefit of a new technology.”

Akio Morita (1921–1999) Japanese businessman

Made in Japan (1986)

“Most lobbying is pro-business, in the sense that it promotes the interests of existing businesses, not pro-market in the sense of fostering truly free and open competition.”

Luigi Zingales (1963) Professor at University of Chicago

"Capitalism After the Crisis" http://www.nationalaffairs.com/publications/detail/capitalism-after-the-crisis, National Affairs, issue 1 (Fall 2009), retrieved on 2012-10-17

Business , Sense

“Struggling to stay ahead of your rivals? No need. Instead of trying to match or beat them on cost or quality, make the other players irrelevant--by staking out new market space where competitors haven't ventured.”

W. Chan Kim (1951) South Korean economist

Kim, W. Chan, and Renée Mauborgne. "Value innovation." Harvard Business Review, January 1997 (2008).

“Mr. Hellfrick was an atheist, retired from the army, living on a meager pension, scarcely enough to pay his liquor bills, even though he purchased the cheapest gin on the market. He lived perpetually in a grey bathrobe without a cord or button, and though he made a pretense at modesty he really didn't care, so that his bathrobe was always open and you saw much hair and bones underneath.”

John Fante book Ask the Dust

Ask the Dust (1939)

“Over the past decade, I have watched more than 100 companies try to remake themselves into significantly better competitors. They have included large organizations (Ford) and small ones (Landmark Communications), companies based in the United States (General Motors) and elsewhere (British Airways), corporations that were on their knees (Eastern Airlines), and companies that were earning good money ((Bristol-Myers Squibb). Their efforts have gone under many banners: total quality management, reengineering, right-sizing, restructuring, cultural change, and turnarounds. But, in almost every case, the basic goal has been the same: to make fundamental changes in how business is conducted in order to help cope with a new, more challenging market environment.”

John P. Kotter (1947) author of The heart of Change

John P. Kotter, "Leading change: Why transformation efforts fail." in: Harvard Business Review. March-April 1995. p. 59.

Money , Communication , Business , Effort

“The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center… in the political sphere… the equilibrium of powers prevails, and hence there is no chance of despotism.”

C. Wright Mills book The Power Elite

Source: The Power Elite (1956), P. 242, describing the view commonly held in the eighteenth century.

Chance

“Market share was the grand old metric, the guiding light, the compass of the product-centric age. Companies focused on improving their product and building economies of scale. This product-centric thinking led to the battle cry: "Get more market share and the profit will follow."”

Adrian Slywotzky (1951) American economist

Source: The Profit Zone (2007), p. 3.

Age , Thinking , Light , Cry

“An income tax intended to reduce inequality and promote the diffusion of wealth has in practice fostered reinvestment of corporate earnings, thereby favoring the growth of large corporations, inhibiting the operation of the capital market, and discouraging the establishment of new enterprises.”

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

Source: (1962), Ch. 13 Conclusion, 2002 edition, p. 198

Wealth

“A few years ago I got a phone call from a marketing executive who wanted to light up the Moon with the logo of her company. She wanted to know how she might proceed. After slamming down the phone, I called her back and politely explained why it was a bad idea. Other corporate executives have asked me how to put into orbit mile-wide luminous banners with catchy slogans written across them, much like the skywriting or flag-dragging airplanes you see at sports events or over the ocean from a crowded beach. I always threaten to send the light police after them.”

Neil deGrasse Tyson (1958) American astrophysicist and science communicator

Let There Be Dark, Natural History Magazine, October 2002, 2018-24-03 http://www.haydenplanetarium.org/tyson/read/2002/10/01/let-there-be-dark,
2000s

Idea , Sport , Light

“Fan Chin feasted his eyes on this announcement; and, after reading it through once to himself, read it once more aloud. Clapping his hands, he laughed and exclaimed, "Ha! Good! I have passed." Then, stepping back, he fell down in a dead faint. His mother hastily poured some boiled water between his lips, whereupon he recovered consciousness and struggled to his feet. Clapping his hands again, he let out a peal of laughter and shouted, "Aha! I've passed! I've passed!" Laughing wildly he ran outside, giving the heralds and the neighbours the fright of their lives. Not far from the front door he slipped and fell into a pond. When he clambered out, his hair was dishevelled, his hands muddied and his whole body dripping with slime. But nobody could stop him. Still clapping his hands and laughing, he headed straight for the market.”

Wu Jingzi book The Scholars

The Scholars (c. 1750), Chapter 3 http://ctext.org/text.pl?node=566382&if=en&remap=gb (trans. Gladys Yang)

Laughter , Water , Reading , Dead

“Mathematical programming assisted by electronic computers becomes the fundamental instrument of long-term economic planning, as well as of solving dynamic economic problems of a more limited scope. Here, the electronic computer does not replace the market. It fulfils a function which the market never was able to perform.”

Oskar R. Lange (1904–1965) Polish economist

"The computer and the market" (1967)

Mathematics , Problem

“Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 4 : Societies and Economic Systems

“Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Six, Towards A Morphology Of Backwardness, I, p. 174

Dependency , Country

“This naive manner of conceptualizing capitalism by reference to a “pursuit of gain” must be relegated to the kindergarten of cultural history methodology and abandoned once and for all. A fully unconstrained compulsion to acquire goods cannot be understood as synonymous with capitalism, and even less as its “spirit.” On the contrary, capitalism can be identical with the taming of this irrational motivation, or at least with its rational tempering. Nonetheless, capitalism is distinguished by the striving for profit, indeed, profit is pursued in a rational, continuous manner in companies and firms, and then pursued again and again, as is profitability. There are no choices. If the entire economy is organized according to the rules of the open market, any company that fails to orient its activities toward the chance of attaining profit is condemned to bankruptcy.
Let us begin by defining terms in a manner more precise than often occurs. For us, a "capitalist" economic act involves first of all an expectation of profit based on the utilization of opportunities for exchange; that is of (formally) peaceful opportunities for acquisition. Formal and actual acquisition through violence follows its own special laws and hence should best be placed, as much as one may recommend doing so, in a different category. Wherever capitalist acquisition is rationally pursued, action is oriented to calculation in terms of capital. What does this mean?”

Max Weber (1864–1920) German sociologist, philosopher, and political economist

Prefatory Remarks to Collected Essays in the Sociology of Religion (1920)

Peace , Law , History , Motivation

“If everyone is a product of this society, who will say the things that need to be said, and do the things that need to be done, without compromise? Truth will never start out popular in a world more concerned with marketability than righteousness. It will initially suffer ridicule and even violence — yet ultimately it is undeniable. All of humanity is living in a dream world, but suffering real consequences.”

Lauryn Hill (1975) American singer, rapper, songwriter, record producer, actress

"THE MIDDLE MAN", By: Lauryn Hill (2003)

Truth , World , Dreams , Suffering

“The most serious problems lie in the financial sphere, where the economy’s debt overhead has grown more rapidly than the ‘real’ economy’s ability to carry this debt. … The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Michael Hudson (economist) (1939) American economist

Financial Capitalism v. Industrial Capitalism http://michael-hudson.com/1998/09/financial-capitalism-v-industrial-capitalism/ (September 3, 1998)
Michael-Hudson.com, 1998-

Lie , Problem

“The American people have been offered two lousy choices. One, which is corporatism, a fascist type of approach, or, socialism. We deliver a lot of services in this country through the free market, and when you do it through the free market prices go down. But in medicine, prices go up. Technology doesn't help the cost, it goes up instead of down. But if you look at almost all of our industries that are much freer, technology lowers the prices. Just think of how the price of cell phones goes down. Poor people have cell phones, and televisions, and computers. Prices all go down. But in medicine, they go up, and there's a reason for that, that's because the government is involved with it… I do [think that prices will go down without government involvement], but probably a lot more than what you're thinking about, because you have to have competition in the delivery of care. For instance, if you have a sore throat and you have to come see me, you have to wait in the waiting room, and then get checked, and then get a prescription, and it ends up costing you $100. If you had true competition, you should be able to go to a nurse, who could for 1/10 the cost very rapidly do it, and let her give you a prescription for penicillin. See, the doctors and the medical profession have monopolized the system through licensing. And that's not an accident, because they like the idea that you have to go see the physician and pay this huge price. And patients can sort this out, they're not going to go to a nurse if they need brain surgery…”

Ron Paul (1935) American politician and physician

Interview by Laura Knoy on NHPR, June 5, 2007 http://info.nhpr.org/node/13016
2000s, 2006-2009

People , Idea , Thinking , Waiting

“The overriding paradox is that a democratic and vocational resistance to modernity, defined as the joint sovereignty of financial markets and public administration is the most efficient, competitive and sustainable modern position. The tragedy is that such a reasonable political position is unavailable within the mainstream of European politics, indeed there are those who argue that it would be illegal and an infringement of EU rules concerning competition.”

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

“The US is sort of the flag-bearer for capitalism and free markets, the US continues to be a very important part of a global industry that is interconnected, that is dealing with a fungible commodity which is crude oil. So having equalisation through free trade is very healthy for oil.”

Khalid A. Al-Falih (1960) CEO of Saudi Aramco

Interview with Financial Times (18 November 2016)

Parting

“We have confused the real issue of parliamentary democracy, for already there has been a fundamental change. The power of electors over their law-makers has gone, the power of MPs over Ministers has gone, the role of Ministers has changed. The real case for entry has never been spelled out, which is that there should be a fully federal Europe in which we become a province. It hasn't been spelled out because people would never accept it. We are at the moment on a federal escalator, moving as we talk, going towards a federal objective we do not wish to reach. In practice, Britain will be governed by a European coalition government that we cannot change, dedicated to a capitalist or market economy theology. This policy is to be sold to us by projecting an unjustified optimism about the Community, and an unjustified pessimism about the United Kingdom, designed to frighten us in. Jim quoted Benjamin Franklin, so let me do the same: "He who would give up essential liberty for a little temporary security deserves neither safety nor liberty." The Common Market will break up the UK because there will be no valid argument against an independent Scotland, with its own Ministers and Commissioner, enjoying Common Market membership. We shall be choosing between the unity of the UK and the unity of the EEC. It will impose appalling strains on the Labour movement… I believe that we want independence and democratic self-government, and I hope the Cabinet in due course will think again.”

Tony Benn (1925–2014) British Labour Party politician

Speech given in the Cabinet meeting to discuss Britain's membership of the EEC, as recorded in his diary (18 March 1975), Against the Tide. Diaries 1973-1976 (London: Hutchinson, 1989), pp. 346-347.
1970s

People , Law , Hope , Quotes

“We saw that amazing documentary 'Forks Over Knives' and that cleared everything up for us. Every Sunday we're going to the farmers market now, getting our fresh fruits and veggies. It's just two weeks, but we feel much better. I love animals. I don't want to eat them.”

Carrie Ann Inaba (1968) American entertainer

After she and her fiancé, Jesse Sloan, became vegetarians, in "Carrie Ann Inaba goes vegetarian, George Takei shops for a hybrid", in MNN.com (16 November 2011) http://www.mnn.com/lifestyle/arts-culture/stories/carrie-ann-inaba-goes-vegetarian-george-takei-shops-for-a-hybrid

Love , Feeling , Animals

“.. No academy could have given me all I discovered by getting my teeth into the exhibitions, the shop windows, and the museums of Paris. Beginning with the market – where, for lack of money, I bought only a piece of a long cucumber – the workman in his blue overall, the most ardent followers of Cubism, everything showed a definite feeling for proportion, clarity, an accurate sense of form, of a more painterly kind of painting, even in the canvases of second-rate artists.”

Marc Chagall (1887–1985) French artist and painter

Quote in Marc Chagall - the Russian years 1906 – 1922, editor Christoph Vitali, exhibition catalogue, Schirn Kunsthalle Frankfurt, 1991, p. 29
1920's, My life (1922)

Money , Feeling , Sense , Painting

“Given that background, I was interested in what Steve Jobs might say about the future of Apple. His survival strategy for Apple, for all its skill and drama, was not going to propel Apple into the future. At that moment in time, Apple had less than 4 percent of the personal computer market. The de facto standard was Windows-Intel and there seemed to be no way for Apple to do more than just hang on to a tiny niche.
In the summer of 1998, I got an opportunity to talk with Jobs again. I said, "Steve, this turnaround at Apple has been impressive. But everything we know about the PC business says that Apple cannot really push beyond a small niche position. The network effects are just too strong to upset the Wintel standard. So what are you trying to do in the longer term? What is the strategy?"”

Richard Rumelt (1942) American economist

He did not attack my argument. He didn’t agree with it, either. He just smiled and said, "I am going to wait for the next big thing."
Source: Good Strategy Bad Strategy, 2011, p. 14; Similar story in Rumelt (2007)

Smile , Way , Business , Strong

“My dream is a hemispheric common market, with open trade and open borders.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Remarks to Banco Itau https://wikileaks.org/podesta-emails/emailid/927 (16 May 2013), WikiLeaks.
Attributed

Dreams

“The works of art, by being publicly exhibited and offered for sale, are becoming articles of trade, following as such the unreasoning laws of markets and fashion; and public and even private patronage is swayed by their tyrannical influence.”

Albert, Prince Consort (1819–1861) husband of Queen Victoria

"Albert, Prince" The Oxford Dictionary of Quotations. Ed. Elizabeth Knowles. Oxford University Press, 2004. Oxford Reference Online. Oxford University Press. Accessed on 20 November 2008 http://www.oxfordreference.com/views/ENTRY.html?subview=Main&entry=t115.e51

Law , Art , Fashion

“[The Reform Party] also has some Buchananist tendencies. I know there are probably many admirers of Mr. Buchanan here, but I mean that in the sense that there are some anti-market elements in the Reform Party.”

Stephen Harper (1959) 22nd Prime Minister of Canada

1990s, Speech to the Council for National Policy (1997)

Sense

“Since trade ignores national boundaries and the manufacturer insists on having the world as a market, the flag of his nation must follow him, and the doors of the nations which are closed must be battered down. Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. Colonies must be obtained or planted, in order that no useful corner of the world may be overlooked or left unused.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

An unpublished paper of 1907, as quoted in The Rising American Empire (1960) by Richard Warner Van Alstyne, p. 201; also quoted in On Power and Ideology (1987) by Noam Chomsky; accounts of this as being from a lecture of 15 April 1907 seem to be incorrect.
1900s

World

“Both the unlimited state and the unrestrained market have destroyed civil society, which is our world. … Civil society is something that is not the state or the market. Civil society is the world of you and I.”

Phillip Blond (1966) British philosopher

World

“Myself, I will paint the people in the street and in the houses, the streets and houses they have built, life in general. I will attempt to be 'le peintre du peuple' (the painter of the people), or rather I am that already, because I want to be. I want to paint history, and I will, but history in its' broadest sense. A market, a wharf, a river, a group of soldiers under a burning sun or in the snow..”

George Hendrik Breitner (1857–1923) Dutch painter and photographer

The Hague, 1882
version in original Dutch (citaat van Breitner's brief, in het Nederlands:) Ik zelf, ik zal de menschen schilderen op de straat en in de huizen, de straten en de huizen die ze gebouwd hebben, 't leven vooral. Le peintre du peuple zal ik trachten te worden, of liever ben ik al, omdat ik 't wil. Geschiedenis wil ik schilderen en zal ik ook, maar de geschiedenis in haren uitgebreidsten zin. Een markt, een kaai, een rivier, een bende soldaten onder een gloeiende zon of in de sneeuw.. (Den Haag, 1882)
Quote of Breitner, in his letter to A.P. van Stolk nr. 24, 28 March 1882, (location: The RKD in The Hague); as quoted by Helewise Berger in Van Gogh and Breitner in The Hague, her Master essay in Dutch - Modern Art Faculty of Philosophy University, Utrecht, Febr. 2008]], (translation from the original Dutch, Anne Porcelijn) p. 6.
this quote dates from Breitner's period in The Hague and suggests that Breitner based his ideas for subjects and methods on French Realism in literature, similar to Vincent van Gogh; they read the same novels; lending them to each other. Together they went also through the lower neighborhoods of The Hague, c 1882, sketching and drawing the people
before 1890

Life , People , History , Sense

“Despite their old marketing campaign, Apple is not the company "for the rest of us." Apple's primary goal is meeting Apple's goals, often without regard to who is hurt along the way.”

David Gewirtz American journalist

How many American jobs will Steve Jobs destroy? http://zdnet.com/blog/government/how-many-american-jobs-will-steve-jobs-destroy/9139 in ZDNet (22 June 2010)

Way , Hurt

“I believe in markets, but I don't believe in markets understood as private monopolies. I believe in open global, national and regional civic markets. If everybody owns and trades, and there wasn't just an exclusive, dispossessed class, there wouldn't be a radically insecure bottom twenty or thirty percent of society that causes problems for everybody else.”

Phillip Blond (1966) British philosopher

Problem

“The shock therapy of decisive war against Iraq will elevate the stock market by a couple-thousand points. We will know that our businesses will stay open, that our families will be safe, and that our future will be unlimited. The world will be righted in this life-and-death struggle to preserve our values and our civilization. But to do all this, we must act.”

Lawrence Kudlow (1947) American economist

National Review Online http://article.nationalreview.com/?q=ZTIzOWYzYjk4NWM1Y2U5M2U1NmI3ZWFjODdkOTI3MTg= June 26, 2002.

Life , Death , War , World

“We are accused of all sorts of terrible things, of us wanting to undermine your market, of dumping and so forth. There was no such talk before, but when you had your recession, there were people who wanted to put the whole blame on the Russians. All these fables of us being such terrible devils are not well founded. We want to trade in earnest and well.”

Anastas Mikoyan (1895–1978) Russian revolutionary and Soviet statesman

Traveling With Mikoyan Quote By Quote (1959)

People

“America's historic sense of mission has been redefined to mean the creation of a single global free market.”

Eric Foner (1943) American historian

2000s, The Century: A Nation's-Eye View (2002)

Sense

“I will have to leave for Paris as soon as you return. I did two drawings [black on paper] with pen and in little dots - a 'Little Market' and a 'St. Martin (Pig dealers)'. It would be a good thing if I could sell them to some newspaper, that would bring us a few pennies… I still don't know what I am going to do, for Heymann seems completely indifferent. He probably knows my position and naturally is waiting for me to reduce my prices, just as Durand did last time… If we could place these we could get a few cents while waiting for this terrible month of January to pass… These drawings matted look very well.”

Camille Pissarro (1830–1903) French painter

Quote of Pissarro, in a letter, Paris, 5 December 1886, to his son Lucien; in Camille Pissarro - Letters to His Son Lucien ed. John Rewald, with assistance of Lucien Pissarro; from the unpublished French letters; transl. Lionel Abel; Pantheon Books Inc. New York, second edition, 1943, p. 86
1880's

Nature , Time , Waiting , Drawing

“Indeed it would have been a mean-spirited course to go back on the century-old standard on account of so trifling a premium on gold, a premium which, as it turned out, the action of the market wiped out in a few months, before any of the provisions of the Act of 1819 had come into operation.”

Ralph George Hawtrey (1879–1975) British economist

Source: Currency and Credit (1919), Chapter XIVVV, "The Gold Standard" p. 311 (2nd ed. 1921)

“As a result of uncertainties caused by the French referendum, massive speculative flows have continued to disrupt the functioning of the exchange rate mechanism. As Chairman of Ecofin I have tonight called an urgent meeting of the EC's monetary committee to consider how stability might be restored to the markets over the next few days.
In the meantime the Government has decided that Britain's best interests would be best secured by suspending our membership of the ERM with immediate effect. As a result, the second of the two interest rate rises announced today will not take effect.”

Norman Lamont (1942) British politician

Larry Elliott, Will Hutton and Julie Wolf, " Pound drops out of ERM http://politics.guardian.co.uk/euro/story/0,,506405,00.html", The Guardian, 17 September 1992.
Speech outside the Treasury on 'Black Wednesday' (16 September 1992) announcing the ERM withdrawal.

“The state owned monopolies are among the greatest millstones round the neck of the economy…Liberals must stress at all times the virtues of the market, not only for efficiency but to enable the widest possible choice…Much of what Mrs Thatcher and Sir Keith Joseph say and do is in the mainstream of liberal philosophy.”

Jo Grimond (1913–1993) British soldier, politician and academic

Jo Grimond, The Future of Liberalism (October, 1980).

Time

“WHEN father bought the lamp, or a little before that, he said to mother:
"Hark ye, mother—ought n't we to buy us a lamp?"
"A lamp? What sort of a lamp?"
"What! Don't you know that the storekeeper who lives in the market town has brought from St. Petersburg lamps that actually burn better than ten päreä? [1] They've already got a lamp of the sort at the parsonage."
"Oh, yes! Is n't it one of those things which shines in the middle of the room so that we can see to read in every corner, just as if it was broad daylight?"
"That's just it. There's oil that burns in it, and you only have to light it of an evening, and it burns on without going out till the next morning."
"But how can the wet oil burn?"”

Juhani Aho (1861–1921) Finnish author and journalist

"You might as well ask—how can brandy burn?"
Juhani Aho. " When Father Brought Home the Lamp https://en.wikisource.org/wiki/Stories_by_Foreign_Authors_(Scandinavian)/When_Father_Brought_Home_the_Lamp," Translated by R. Nisbet Bain. in: Stories by Foreign Authors–Scandinavian, Cassell Publishing Co. 1898.

Light , Reading

“If there's one thing the international community should do, if only out of deference because he won the election, is to take seriously his arguments that coca products have a place in the international commodities market.”

Ethan Nadelmann (1957) American writer; campaigner for the legalization of marijuana

On Evo Morales, the head of state of Bolivia, as found in the International Herald Tribune. http://web.archive.org/web/20060221235710/http://www.iht.com/articles/2006/02/12/news/bolivia.php
The War on Drugs

Communication

“People used to make records, as in the record of an event, the event of people playing music in a room, and now everything's cross-marketing, its about sunglasses and shoes, or guns and drugs that you choose.”

Ani DiFranco (1970) musician and activist

Fuel
Song lyrics

People , Music , Shoe

“Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist…This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease…killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.”

Linda McQuaig (1951) journalist and author

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

Money , People , Disease , Sleep

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

Robert Costanza (1950) American economist

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

Nature

“There is something inherently stupid about gentrified thinking. It’s a dumbing down and smoothing over of what people are actually like. It’s a social position rooted in received wisdom, with aesthetics blindly selected from the presorted offerings of marketing and without information or awareness about the structures that create its own delusional sense of infallibility. Gentrified thinking is like the bourgeois version of Christian fundamentalism, a huge, unconscious conspiracy of homogeneous patterns with no awareness about its own freakishness. The gentrification mentality is rooted in the belief that obedience to consumer identity over recognition of lived experience is actually normal, neutral, and value free.”

Sarah Schulman (1958) American writer

Source: The Gentrification of the Mind: Witness to a Lost Imagination (2012), p. 51

Wisdom , People , Stupidity , Thinking

“Several implications follow from Hayek's insights into the nature of capitalism.(a) The claim "I deserve my pretax income" is not generally true. Nor should the basic organization of property rules be based on considerations of moral desert. Hence, claims about desert have no standing in deciding whether taxation for the purpose of funding social insurance is just.
(b) The claim that people rocked by the viccisitudes of the market, or poor people generally, are getting what they deserve is also not generally true. To moralize people's misfortunes in this way is both ignorant and mean. Capitalism continuously and randomly pulls the rug out from under even the most prudent and diligent people. It is in principle impossible for even the most prudent to forsee all the market turns that could undo them. (If it were possible, then efficient socialist planning would be possible, too. But it isn't.)
(c) Capitalist markets are highly dynamic and volatile. This means that at any one time, lots of people are going under. Often, the consequences of this would be catastrophic, absent concerted intervention to avert the outcomes generated by markets. For example, the economist Amartya Sen has documented that sudden shifts in people's incomes (which are often due to market volatility), and not absolute food shortages, are a principal cause of famine.
(d) The volatility of capitalist markets creates a profound and urgent need for insurance, over and above the insurance needs people would have under more stable (but stagnant) economic systems. This need is increased also by the fact that capitalism inspires a love of personal independence, and hence brings about the smaller ("nuclear") family forms that alone are compatible with it. We no longer belong to vast tribes and clans. This sharply reduces the ability of individuals under capitalism to pool risks within families, and limits the claims they can effectively make on nonhousehold (extended) family members for assistance. To avoid or at least ameliorate disaster and disruption, people need to pool the risks of capitalism.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

Love , People , Family , Food

“Gradually but steadily, great segments of economic activity have been shifted from the market place to administration.”

Gardiner C. Means (1896–1988) American economist

Source: "The Distribution of Control and Responsibility in a Modern Economy", 1935, p. 67; as cited in: Dimock (1937; 29)

“In the consumer economy taste is not the criterion in the marketing of expensive soft drinks, usability is not the primary criterion in the marketing of home and office appliances. We are surrounded with objects of desire, not objects of use.”

Donald A. Norman book The Design of Everyday Things

Source: The Design of Everyday Things (1988, 2002), Ch. 7, p. 216.

Home , Drink

“To deny political equality is to rob the ostracised of all self-respect; of credit in the market place; of recompense in the world of work; of a voice among those who make and administer the law; a choice in the jury before whom they are tried, and in the judge who decides their punishment.”

Elizabeth Cady Stanton (1815–1902) Suffragist and Women's Rights activist

Solitude of Self (1892)

World , Law

“Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

Ron Paul (1935) American politician and physician

Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, September 10, 2003 http://www.house.gov/paul/congrec/congrec2003/cr091003.htm
2000s, 2001-2005

Pain , Loss , Housing

“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

Dependency , Country

“Despite overwhelming evidence of anthropogenic influence, there is a tendency for those with pronounced free-market views to reject the reality of global warming. The reason underpinning this is transparent – if one accepts human-mediated climate change, then supporting mitigating action should follow. But the demon of regulation is a bridge too far for many libertarians. Given that climate change affects everyone whether they consent to it or not, then unregulated use of natural resources infringes the property rights of others and is ideologically equivalent to trespass, so the tenuous property rights house of cards comes crashing down.When faced with this ideological dilemma, free-market advocates often resolve the cognitive dissonance by simply rejecting the reality of climate change, rather than acknowledging that their axiom is fundamentally flawed.”

David Robert Grimes (1985) researcher

"Libertarian ideology is the natural enemy of science," The Guardian August 29, 2014 http://www.theguardian.com/science/blog/2014/aug/29/libertarian-ideology-natural-enemy-science

Support , Nature , Reality , Change

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

Joseph E. Stiglitz book Whither Socialism?

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

Books , Way , Communication , Failure

“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”

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

1991 Chairman's Letter http://www.berkshirehathaway.com/letters/1991.html
Letters to Shareholders (1957 - 2012)

Money , Behavior

“The left once dismissed the market as exploitative; it now honors the market as rational and humane. The left once disdained mass culture as exploitative; now it celebrates it as rebellious. The left once honored independent intellectuals as courageous; now it sneers at them as elitist.”

Russell Jacoby (1945) American historian

Source: The End of Utopia (1999), pp. 10-11

Courage

“With the collapse of the old welfare states, all this has come to seem decidedly quaint. As the language of antibureaucratic individualism has been adopted, with increasing ferocity, by the Right, which insists on “market solutions” to every social problem, the mainstream Left has increasingly reduced itself to fighting a kind of pathetic rearguard action, trying to salvage remnants of the old welfare state: it has acquiesced with–often spearheaded–attempts to make government efforts more “efficient” though the partial privatization of services and the incorporation of ever-more “market principle,” “market incentives,” and market-based “accountability processes” into the structure of the bureaucracy itself.”

David Graeber book The Utopia of Rules

The Utopia of Rules (2015)

Problem , Effort , Fight

“Nearly everyone interested in common stocks wants to be told by someone else what he thinks the market is going to do. The demand being there, it must be supplied.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 48

Thinking

“Publishers have no tight to saturate the book market with works which have no demand, which do not get sold. It would be unnatural, both economically and also, probably, morally.”

Vasil Bykaŭ (1924–2003) Belarusian writer

'Trava posle nas', Ogonek, 19 (1987). [The Demise of Marxism-Leninism in Russia, A. Brown, 2004, 100, 9780230554405, Springer]

Books

“The triplet of specifications - the product-market scope, the growth vector and the competitive advantage - describes the firm's product-market path in the external environment.”

Igor Ansoff (1918–2001) American mathematician

Source: Corporate Strategy, 1965, p. 110

“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”

Mark Skousen (1947) American economist, investment analyst, newsletter editor, college professor and author

Mark Skousen; in: The Freeman: Ideas on Liberty, Vol. 60, Nr. 3-10 (2010). p. 7

Business , Reality , Forgetting

“[Market outcomes] depends on the cumulation of random events.”

W. Brian Arthur (1946) American economist

Source: Competing Technologies, Increasing Returns and Lock-in by Historical Events, (1989), p. 124; as cited in: Tobias Georg Meyer (2012) Path Dependence in Two-sided Markets. p. 244

Dependency

“The operational sciences hoped to nourish business management, which however largely ignored them, and the latter continues to be undernourished by the business schools which are fairly broad but shallow everywhere. By over focus on short-range financial values, business management in the United States has lost a dozen major markets to the Japanese, added pollution in all its forms, and enriched itself out of all proportion to its value as just one factor of production.
Action science, developed by the social sciences over many years in relative isolation from the applied physical sciences, and which might otherwise have humanized them and made engineering more productive, was doomed to fail by being on one end of the two-culture problem wherein science and the humanities do not even speak the same language.
I could go on listing a few dozen paradigms: art, law, computer software design, medicine, politics, and architecture, each addressed to a certain context, level, or phase, each good in itself, but each limited to the fields of its origin and its purposes. The methodological problem is the same as if, in designing any large system, each subsystem designer were left to design each subsystem to the best requirements he knew. The overall requirement might not be met; overall harmony could not be achieved, and conflict could ensue to cause failure at the system level.
What is envisioned is a new synthesis, a unified, efficient, systems methodology (SM): a multiphase, multi-level, multi-paradigmatic creative problem-solving process for use by individuals, by small groups, by large multi-disciplinary teams, or by teams of teams. It satisfies human needs in seeking value truths by matching the properties of wanted systems, and their parts, to perform harmoniously with their full environments, over their entire life cycles”

Arthur D. Hall (1925–2006) American electrical engineer

Source: Metasystems Methodology, (1989), p.xi-xii, cited in Philip McShane (2004) Cantower VII http://www.philipmcshane.ca/cantower7.pdf

Life , Truth , School , Law

“Since 2003, we are fully dependent on oil. Agriculture, industry, manufacturing have all regressed, accounting for not more than 1.25 percent of GDP. Our strategy is to reactivate agriculture, manufacturing and other productive activity, and at the same time provide protection to the people. In terms of social advancement, we want to strengthen labour laws and fiscal policies. Iraq should not be a consumer-only market for the production activities of neighbouring countries.”

Raid Jahid Fahmi (1950) Iraqi politician

Interview with Al Jazeera (25 May 2018)

People , Time , Dependency , Country

Quotes about marketing page 3

Quotes about marketing
page 3