Competition Quotes - Page 34

• While I was there I became deeply interested in photography, and indeed the most noteworthy event in my early life was winning first, third, fourth and seventh prizes in an international competition for college and high school students.

  Douglass North

  Photography, School, College

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• Life is a kind of Chess, with struggle, competition, good and ill events.

  Benjamin Franklin

  Struggle, Events, Chess

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• During a Chess competition a Chessmaster should be a combination of a beast of prey and a monk

  Alexander Alekhine

  Chess, Beast, Monk

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• There was no publicity. You had to like it. There was no pressure, just great competition. The attitude of the coaches and players was exceptional.

  Jim Brown

  Attitude, Player, Lacrosse

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• The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.

  Milton Friedman

  Home, Alternatives, World

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• Even as a young man, Vito Corleone became known as a "man of reasonableness." He never uttered a threat. He always used logic that proved to be irresistible. He always made certain that the other fellow got his share of profit. Nobody lost. He did this, of course, by obvious means. Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.

  Mario Puzo

  Mean, Men, Genius

  1969 The Godfather, bk.3, ch.14.

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• A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."

  Matthew Rabin

  Numbers, Perfect, Chicago

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• Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.

  Paul Samuelson

  Perfect, Tools, Economics

  Paul Anthony Samuelson (2014). “Paul Samuelson on the History of Economic Analysis: Selected Essays”, p.419, Cambridge University Press

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• There is a history of mathematical models of oligopolistic competition dating from Cournot to the theory of games. There is also a literature generated by institutional economists, lawyers, and administrators interested in formulating and implementing public policy. It has been the tendency of these groups to work almost as though the other did not exist.

  Martin Shubik

  Games, Dating, Groups

  Martin Shubik, Richard Levitan (1980). “Market structure and behavior”, Harvard Univ Pr

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• Where combination is possible, competition is impossible.

  George Stephenson

  Impossible, Economics, Combination

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• Conformity can be costly in a world of uncertainty which requires innovative institutional creation because no one can know the right path to survival. Over time, the richer the cultural context in terms of providing multiple experimentation and creative competition, the more likely the successful survival of the society

  Douglass North

  Successful, Creative, Survival

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• I am convinced that both markets and free trade are good, but the traditional answer that we give to students to explain why they are good, the one based on perfect competition and Pareto optimality, is becoming untenable. Something much more interesting and more complicated is going on here

  Paul Romer

  Perfect, Interesting, Giving

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• Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use their knowledge for their purposes, because nobody else possesses the information

  Friedrich August von Hayek

  Self, Discovery, Use

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• Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.

  Ludwig Erhard

  Mean, People, Progress

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• Protectionism, socialism, all varieties of state favoritism and restrictions on competition, and the growth of bureaucracy and jobbery were the means by which special interests sought to exploit the public, the great mass of consumers and taxpayers.

  Ralph Raico

  Philosophy, Mean, Political

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• In today's global economy, however, it is important to raise the bar of excellence even higher. Today's students must be prepared to compete effectively on an international level.

  Kenny Marchant

  Excellence, Important, Bars

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• This is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.

  Eric Kierans

  Growth, Corporations, Way

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• Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape.

  Pope Francis

  Powerful, Mean, Law

  Pope Francis (2014). “The Joy of the Gospel”, p.21, BookBaby

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• There will be hunters and hunted, winners and losers. What counts in global competition is the right strategy and success.

  Heinrich von Pierer

  Decision, Hunters, Loser

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• Measures which serve to abridge the free competition of foreign Articles, have a tendency to occasion an enhancement of prices.

  Alexander Hamilton

  Enhancement, Tendencies, Commerce

  United States. Department of the Treasury, Alexander Hamilton (1791). “Report of the Secretary of the Treasury of the United States, on the Subject of Manufactures: Presented to the House of Representatives, December 5, 1791”, p.27

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• By a steady adherence to the Union we may hope, erelong, to become the arbiter of Europe in America, and to be able to incline the balance of European competitions in this part of the world as our interest may dictate.

  Alexander Hamilton

  Europe, America, Balance

  Alexander Hamilton, James Madison, Quentin P. Taylor, John Jay (1998). “The Essential Federalist: A New Reading of the Federalist Papers”, p.166, Rowman & Littlefield

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• I write the vocals last, because I wanted to invent the music first and push the music to the level that I had to compete against it.

  Axl Rose

  Writing, Lasts, Firsts

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• I enjoy the competition and the process of learning as we compete. The whole thing is just fascinating. I don't know what I'll do when I retire. When I go sailing, I look around ... anyone want to race? I just love competing as opposed to just going out and watching the sunset.

  Larry Ellison

  Inspiring, Sunset, Race

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• Government and cooperation are in all things the laws of life. Anarchy and competition, the laws of death.

  John Ruskin

  Life, Death, Law

  Unto This Last Essay 3 (1862)

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• I discovered at 18 that singing and songwriting was my strength. I decided that it was closest to my heart and if I pursued it then there would be no competition. I would just live my life being myself and living my dream.

  Jason Mraz

  Music, Dream, Heart

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