Quotes About Allocation

those who do too much somewhere do too little elsewhere

One powerful feature of a market economy is that it directs resources to their most productive use. Why doesn't Brad Pitt sell automobile insurance? Because it would be an enormous waste of his unique talents.

economy is the art of making the most of life." Economics is the study of how we do that.

los precios coordinan el uso de los recursos de tal manera que cada recurso se emplea tan sólo en la cantidad que es igual en valor a lo que vale para otros en usos distintos.

los recursos de una economía se usan ineficientemente cuando existe un monopolio, porque estos recursos estarían siendo transferidos de usos con mayor valor a usos con menor valor.

Bajo un sistema de precios, la gente se raciona a sí misma. El racionamiento de recursos a través de los precios limita la cantidad que cada individuo puede tomar de la producción de otros a la productividad que cada individuo ha creado por sí mismo para otros, y que por lo tanto se ha ganado en calidad de ingreso. Los controles de precios, subvenciones y otros sustitutos a la asignación de precios, reducen los incentivos para el autorracionamiento.

People who want special taxes or subsidies for particular things seem not to understand that what they are really asking for is for prices to misstate the relative scarcities of things and the relative values that the users of these things put on them. . . Making anything artificially cheap usually means that it will be wasted.

en exceso. Muchas veces el mismo producto está en ambas categorías al mismo tiempo: escasea en una

La economía trata de quién consigue qué y por qué. En

Pero no siempre era posible estar en el lugar que le correspondía a cada uno.

It's clearly a budget. It's got lots of numbers in it.

Politics is the science of how who gets what, when and why.

One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.

The price works so well, so efficiently, that we are not aware of it most of the time.

It's important to understand that bonds and bond funds have a low correlation (they don't always move in the same direction at the same time) to stocks, so bonds can be a stabilizing force for a portion of your portfolio.

The electronic spectrum is the only natural resource in which there's no such thing as private property rights. You can't own a piece of the spectrum.

I personally believe every country has the same amount of spectrum. It is not that India has less... It needs to be vacated from other places; that is what other countries have also done.

I learned early that you only have so much energy to give. You have to spend it correctly.

You know, even people who talk about cutting spending and they go 'That's not the spending that I was actually talking about that you're supposed to be cutting.' Well, we have to be looking across the board.

I feel the audience has a right to know if some of the money they're spending is going to a certain cause, and reassuring them the money is going to where it's supposed to be going.

Normally, when politicians talk about 'cutting the budget,' they really mean reducing the amount of increase. Actual spending goes up while the politicians claim to have 'cut the budget.'

I firmly believe that philanthropy is most effective and outcome-oriented when you ensure that your pledge actually gets spent.

luck is distributed at six in the morning

hadn't known that," I said. "I always tend to assume there's an infinite amount of money out there." "There might as well be," Arsibalt said, "but most of it gets spent on pornography, sugar water, and bombs. There is only so much that can be scraped together for particle accelerators.