Economy

Quotes

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If we really want to achieve a healthy world economy, what is needed at this juncture of history is a more efficient way of interacting which, with due regard for the sovereignty of each nation, ensures the economic well-being of all countries, not just of a few.

Evangelii Gaudium
Economics is extremely useful as a form of employment for economists.
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
In economics, the majority is always wrong.
The only function of economic forecasting is to make astrology look respectable.
The ideas of economists and political philosophers...are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.

The General Theory of Employment Interest and Money (1936)
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.

Speech to the Finance Conference 2000, Boston College, Boston, MA. 'The New Economy' (2000)
An economy that adds value through information, ideas, and intelligence — the Three I Economy — offers a way out of the apparent clash between material growth and environmemtal resources.

'Trust and the Virtual Organization,' Harvard Business Review (1991)
We were not destined to be empty raincoats, nameless numbers on a payroll... If that is to be its price, economic progress is an empty promise.

BusinessWeek (1994)
In the next economic downturn there will be an outbreak ofbitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in U.S. history the «villains» have been the «heroes» during the preceding boom.

Forbes, 1987
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