#economic

Although the view that, once discovered, ideas can be imitated for free by anybody is pervasive, it is far from the truth. While it may occasionally be the case that an idea is acquired at no cost—ideas are generally difficult to communicate, and the resources for doing so are limited. It is rather ironic that a group of economists, who are also college professors and earn a substantial living teaching old ideas because their transmission is neither simple nor cheap, would argue otherwise in their scientific work. Most of the times imitation requires effort and, what is more important, imitation requires purchasing either some products or some teaching services from the original innovator, meaning that most spillovers are priced. ↗

— Michele Boldrin

#communication

Though the general principles of statecraft have survived the rise and fall of empires, every increase in knowledge has brought about changes in the political, economic, and social structure. ↗

— John Boyd Orr

#brought #changes #economic #empires #every

We're at unique point in history where the things that we are building are going to significantly impact our social, political, economical, and personal lives. ↗

— Anita Borg

#economical #going #history #impact #lives

Economists are generally negligent of their heroes. ↗

— John Kenneth Galbraith

#age

Some places will, however, be left behind. Not every city will succeed, because not every city has been adept at adapting to the age of information, in which ideas are the ultimate creator of wealth. ↗

— Edward Glaeser

#economics #ideas #age

Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There's only a difference of degree. We both have the same basic form of government: economic totalitarianism. In other words, the settlement to all questions, the solutions to all issues are determined not by what will make the people most healthy and happy in the bodies and their minds but by economics. Dollars or rubles. Economy uber alles. Let nothing interfere with economic growth, even though that growth is castrating truth, poisoning beauty, turning a continent into a shit-heap and riving an entire civilization insane. Don't spill the Coca-Cola, boys, and keep those monthly payments coming. ↗

— Tom Robbins

#capitalism #economics #beauty

Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy. ↗

— John W. Snow

#citizens #committed #economic #economies #economy

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy. ↗

— John W. Snow

#adaptive #american #american economy #economic #economic policy

Two common conceptions with regard to advertising which are held by a considerable number of people are that enormously large sums of money are expended for it, and that much of this expenditure is an economic waste. ↗

— Daniel Starch

#common #conceptions #considerable #considerable number #economic

U.S. economic prosperity is closely tied to the availability of a reliable and affordable supply of energy. ↗

— Cliff Stearns

#availability #closely #economic #economic prosperity #energy