Economy quotes
From Motley Bytes Wiki
Contents
Fred_Brooks
Great Designs
“Great designs have conceptual integrity — unity, economy, clarity. They not only work, they delight, as Vitruvius first articulated.”
- Source: Brooks Jr., F. P. (2010). The Design of Design. Upper Saddle River, NJ: Addison-Wesley. ISBN: 978-0-201-36298-5. Chapter 1, page 8.
Dwight_D_Eisenhower
Crises and Balance
“Crises there will continue to be. In meeting them, whether foreign or domestic, great or small, there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties. A huge increase in newer elements of our defenses; development of unrealistic programs to cure every ill in agriculture; a dramatic expansion in basic and applied research -- these and many other possibilities, each possibly promising in itself, may be suggested as the only way to the road we wish to travel. But each proposal must be weighed in the light of a broader consideration: the need to maintain balance in and among national programs, balance between the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desirable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. Good judgment seeks balance and progress. Lack of it eventually finds imbalance and frustration.”
- Source: Dwight D. Eisenhower, Farewell address (17 January 1961).
- Keywords: Crisis_quotes Balance_quotes Action_quotes Miracle_quotes Solution_quotes Difficulty_quotes Defense_quotes Cure_quotes Program_quotes Research_quotes Possibility_quotes Consider_quotes Weighing_quotes Private_quotes Public_quotes Economy_quotes Cost_quotes Advantage_quotes Nation_quotes Necessary_quotes Comfort_quotes Desire_quotes Requirements_quotes Duty_quotes Individual_quotes Future_quotes Judgment_quotes Welfare_quotes Progress_quotes Frustration_quotesContinue_quotes Foreign_quotes Domestic_quotes Great_quotes Small_quotes Recurring_quotes Temptation_quotes Feel_quotes Spectacular_quotes Element_quotes Development_quotes Unrealistic_quotes Ill_quotes Agriculture_quotes Dramatic_quotes Expansion_quotes Basic_quotes Applied_quotes Promise_quotes Road_quotes Travel_quotes Proposal_quotes Need_quotes Essential_quotes Imbalance_quotes
Herbert_Simon
Markets and Coordination
“Markets aim to coordinate the decisions and behavior of multitudes of economic actors to guarantee that the quantity of brussels sprouts shipped to market bears some reasonable relation to the quantity that consumers will buy and eat, and that the price at which brussels sprouts can be sold bears a reasonable relation to the cost of producing them. Any society that is not a subsistence economy, but has substantial specialization and division of labor, needs mechanisms to perform this coordinative function. Markets are only one, however, among the spectrum of mechanisms of coordination on which any society relies. [central planning, bargaining and negotiation, business, government, education, balloting procedures]”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 30.
- Keywords: Market_quotes Aim_quotes Coordination_quotes Decision_quotes Behavior_quotes Multitude_quotes Economics_quotes Actor_quotes Guarantee_quotes Quantity_quotes Brussels_Sprount_quotes Market_quotes Reason_quotes Relational_quotes Consumer_quotes Buy_quotes Eat_quotes Price_quotes Sell_quotes Cost_quotes Production_quotes Society_quotes Subsistence_quotes Economy_quotes Substance_quotes Specialization_quotes Division_quotes Labor_quotes Mechanism_quotes Performance_quotes Function_quotes Spectrum_quotes Reliance_quotes Centralization_quotes Plan_quotes Bargin_quotes Negotiation_quotes Business_quotes Government_quotes Education_quotes Ballot_quotes Procedure_quotes
Organization and Market Economy
“The economic units in capitalist societies are mostly business firms, which are themselves hierarchic organizations, some of enormous size, that make almost negligible use of markets in their internal functioning. Roughly eighty percent of the human economic activity in the American economy, usually regarded as almost the epitome of a "market" economy, takes place in the internal environments of business and other organizations and not in the external, between-organization environments of markets. To avoid misunderstanding, it would be appropriate to call such a society an organization-&-market economy; for in order to give an account of it we have to pay as much attention to organizations as to markets.”
- Source: Simon, H. A. (1996). The Sciences of the Artificial (Third Edition). Computers & Mathematics with Applications (3rd ed., Vol. 33). Cambridge, MA: MIT Press. ISBN: 9780585360102. Retrieved 2018-08-23 from https://monoskop.org/images/9/9c/Simon_Herbert_A_The_Sciences_of_the_Artificial_3rd_ed.pdf. Chapter 2, page 31.
- Keywords: Economics_quotes Unit_quotes Capitalism_quotes Society_quotes Business_quotes Firm_quotes Hierarchy_quotes Organization_quotes Enormous_quotes Size_quotes Negligible_quotes Market_quotes Internal_quotes Function_quotes Human_quotes America_quotes Economy_quotes Epitome_quotes Environment_quotes External_quotes Understanding_quotes Appropriate_quotes Account_quotes Pay_quotes Attention_quotes
