To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
You know there are very few Marxists left in the world... they're all in American universities.
In todays economy, the most important resource is no longer labor, capital or land; it is knowledge
The more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of free income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State.
Nothing contributes so much to the prosperity and happiness of a country as high profits.
The problems in California have been that it's been very difficult to site and build new power plants.
I knew German history well, and out of my experiences in the rest of the world I believed to know the German kind; therefore I never doubted that, although for the time being all indications were against it, one day a change would come.
The West has been able to bring Afghanistan a much better health service, better education, better roads, a better economy, though some have benefited more; some have benefited less from that economic well-being in Afghanistan.
It is an acknowledged truth in philosophy that a just theory will always be confirmed by experiment.
The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what returns is what existed prior to the dollar standard, and that is a global gold standard, which is the only thing that really works.
The spy boom has been a beautiful windfall for architects, construction companies, IT specialists, and above all defense contractors, enriching thousands of private companies and dozens of local economies hugging the Capital Beltway.
The histories of mankind are histories only of the higher classes.
We also know that China and India, as their economies ramp up, are using more and more energy.
Labor was marching toward the goal of industrial democracy and contributing constructively toward a more rational arrangement of our domestic economy.
But certainly I didn't know he was doing anything that was criminal.
The first bill that President Obama signed into law was the Lilly Ledbetter Fair Pay Act. I think it says something about his priorities that the first bill he put his name on has my name on it too. As he said that day with me by his side, "Making our economy work means making sure it works for everyone."
In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.
I do not know that any writer has supposed that on this earth man will ultimately be able to live without food.
Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.
Heads know that failing to invest in good, nutritious food is a false economy and parents won't tolerate reconstituted turkey being put back on the menu.
In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.
The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.
Nearly one billion women and men, a third of the world's workforce, are either unemployed or unable to earn enough to keep themselves out of extreme poverty. There are 100 million new entrants into the labour market each year. Up to 90 percent in some regions are in the informal economy. 180 million kids are engaged in the worst forms of child labour. Put it all together and it is not only morally unacceptable, but politically dangerous
To be a leader in this new economy, you have to love risk-which means patterning your life on the heroic, not on the strategic. Acting boldly is better than acting knowingly.
You know, in a business, you have to operate on the basis of voluntary investment by individuals in a cause. With government, there is no voluntary effort to invest capital. It's just taken and invested. And the same accountability is not at play. The same natural forces in the economy are not at play.
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