If stability and efficiency required that there existed markets that extended infinitely far into the future and these markets clearly did not exist what assurance do we have of the stability and efficiency of the capitalist system?
Joseph E. Stiglitz
» Joseph E. Stiglitz - all quotes »
Even in financial markets, the concept of market efficiency does not hold.
Paul Ormerod
Some have tried to pose a choice between American ideals and American interests between who we are and how we act. But the choice is false. America, by decision and destiny, promotes political freedom and gains the most when democracy advances. America believes in free markets and free trade and benefits most when markets are opened. America is a peaceful power and gains the greatest dividend from democratic stability. Precisely because we have no territorial objectives, our gains are not measured in the losses of others. They are counted in the conflicts we avert, the prosperity we share and the peace we extend.
George W. Bush
I wondered aloud to Renae why in our society the greatest sums of money tended to accrue from the sale of the least meaningful things, and why the dramatic improvements in efficiency and productivity at the heart of the Industrial Revolution so seldom extended beyond the provision of commonplace material goods. I told Renae that our robots and engines were delivering the lions share of their benefits at the base of our pyramid of needs, that we were evident experts at swiftly assembling confectionery and yet we were still searching for reliable means of generating emotional stability or marital harmony.
Alain de Botton
The Republican Party has been captured by a bunch of extremists People who maintain that markets will take care of everything, that you leave it to the markets and the markets know best. Therefore, you need no government, no interference with business. Let everybody pursue his own interests. And that will serve the common interest. Now, there is a good foundation for this. But it's a half-truth.
George Soros
Our Constitution, by its separation of powers and its system of checks and balances, acts as a restraint upon efficiency by denying exclusive power to any branch of government. The logic of governmental efficiency, unchecked, runs straight on, not only to dictatorship, but also to torture, assassination, and other abominations.
Wendell Berry
Stiglitz, Joseph E.
Stiles, Julia
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z