Quotes About Economy

Farming, mineral extraction, gas and oil production, bulk cargo transport, logging, fishing, infrastructure construction—all the industries that keep the nation going are mostly unacknowledged by the people who depend on them most.

Capitalism works only when institutions are forced to absorb the consequences of the risks that they take on.

Thus, even though VC-backed firms accounted for 47 percent of IPOs, they accounted for 76 percent of the market value at the end of the study. They also accounted for fully 89 percent of R&D spending.[35

Being surrounded by educated people makes democracy stronger, and it benefits our entire economy.

The current (educational) structure, which seeks low-cost uniformity that meets minimum standards, is killing our economy, our culture, and us.

The linchpin feels the fear, acknowledges it, then proceeds. I can't tell you how to do this; I think the answer is different for everyone. What I can tell you is that in today's economy, doing it is a prerequisite for success.

Our economy now rewards artists far more than any other economy in history ever has.

1. Your business needs more linchpins. It's scary to rely on a particular employee, but in a postindustrial economy, you have no choice. 2. You are capable of becoming a linchpin. And if you do, you'll discover that it's worth the effort.

The linchpin feels the fear, acknowledges it, then proceeds. I can't tell you how to do this; I think the answer is different for everyone. What I can tell you is that in today's economy, doing it is a prerequisite for success. The

The typical factory-centric organization places a premium on not-wrong, and spends no time at all weeding out those who don't start. In the networked economy, the innovation-focused organization has no choice but to obsess about those who don't start. Today, not starting is far, far worse than being wrong. If you start, you've got a shot at evolving and adjusting to turn your wrong into a right. But if you don't start, you never get a chance.

We're all obsessed with ideas because ideas, not products, are the engine of our new economy.

The connected economy of ideas demands that we contribute initiative. And yet we resist, because our lizard brain, the one that lives in fear, relentlessly exaggerates the cost of being wrong.

In the linchpin economy, the winners are once again the artists who give gifts. Giving a gift makes you indispensable. Inventing a gift, creating art—that is what the market seeks out, and the givers are the ones who earn our respect and attention.

So we take the deal. We agree to do a job in exchange for a set of instructions. And for the hundred years that it led to increasing standards of living, it seemed like a very good deal.

As the economy shifts, large (and small) organizations are discovering that this brainwashing thing was a huge error. You can't snooze your way to greatness. You can't optimize your way to surprising growth. You can't organize your way into blamelessness.

You must become indispensable to thrive in the new economy. The best ways to do that are to be remarkable, insightful, an artist

Shashi Tharoor

If India's GDP went down because it 'missed the bus' of industrialization, it was because the British threw Indians under the wheels.

India's share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb's treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent. The reason was simple: India was governed for the benefit of Britain. Britain's rise for 200 years was financed by its depredations in India.

India, under Mughal Emperor Aurangzeb, accounts for 27 per cent of the world economy.

the British economic historian Angus Maddison has demonstrated, India's share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb's treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent.

alone producing over sixty percent more manufactured goods than the whole Confederacy

When power is organized in the form of an economy based upon private capital and the division of labor, then ipso facto the lives of most persons will be directed by others. Dependence is thus institutionalized as inequalities of reward and, consequently, of power.

Instead of collectivism, inverted totalitarianism thrives on disaggregation, on a citizenry who, ideally, are self-reliant, competitive, certified by standardized testing, but equally fearful of an economy subject to sudden downturns and of terrorists who strike without warning. Classical totalitarianism mobilized its subjects; inverted totalitarianism fragments them.