Economic Efficiency Quotes & Sayings

We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety. — Robin Hahnel

E governance can bring minimum government and maximum governance. It is easy, effective and economic governance. It brings empowerment, equity and efficiency of the economy. It is a very useful field that can be the greatest problem solver of the people. — Narendra Modi

Obama's view of the tax code is inherently political: Whom can we hit next? Energy companies, jet owners, bankers? Instead, the question should be how to promote economic efficiency by raising revenue without trying to manipulate corporate or personal behavior. — John Sununu

Applications for loans would be judged on a nation's social justice record as well as its economic efficiency. — Lewis Thompson Preston

The Abyss. Globalization had many economic benefits but, as in our own times, the creation of a truly international economic network combined greater efficiency with greater fragility. In 1914 a highly optimized system crashed in what was, without doubt, the biggest financial collapse of all time. (Unlike in 1929 or in 2008, the world's major stock markets were forced to suspend trading for no less than five months.) — Niall Ferguson

My belief in free competitive economic enterprise does not rest solely or even mainly on arguments of economic efficiency, though, heaven knows, these are cogent enough. It rests essentially on the view that the free market is the only safe way of ensuring that productive effort is directed towards supplying what individuals actually want, and in a way which secures the dignity and independence of the worker. — Margaret Thatcher

Since high capacity utilization simultaneously raises efficiency and increases delay cost, we need to look at the combined impact of these two factors. We can only do so if we express both factors in the same unit of measure, life-cycle profits. If we do this, we will always conclude that operating a product development process near full utilization is an economic disaster. — Donald G. Reinertsen

Some economists became obsessed with market efficiency and others with market failure. Generally held to be members of opposite schools-freshwater and saltwater, Chicago and Cambridge, liberal and conservative, Austrian and Keynesian-both sides share an essential economic vision. They see their discipline as successful insofar as it eliminates surprise-insofar, that is, as the inexorable workings of the machine override the initiatives of the human actors. — George Gilder

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses ... While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns. — Alan Greenspan

A tension has always existed between the capitalist imperative to maximize efficiency at any cost and the moral imperatives of culture, which historically have served as a counterweight to the moral blindness of the market. This is another example of the cultural contradictions of capitalism - the tendency over time for the economic impulse to erode the moral underpinnings of society. Mercy toward the animals in our care is one such casualty. — Michael Pollan

An industrial policy worked in Taiwan only because the state was able to shield its planning technocrats from political pressures so that they could reinforce the market and make decisions according to criteria of efficiency - in other words, worked because Taiwan was not governed democratically. An American industrial policy is much less likely to improve its economic competitiveness, precisely because America is more democratic than Taiwan or the Asian NIEs. The planning process would quickly fall prey to pressures from Congress either to protect inefficient industries or to promote ones
favored by special interests. — Francis Fukuyama

I see four principles as laying the foundations for the kind of economic recovery Europe needs: fairness, efficiency, solidarity and growth. — Victor Ponta

The announcement yesterday follows Obama's 2011 agreement with automakers to build cars that average 54.5 miles per gallon by 2025. But as important as fuel efficiency in automobiles may be, power plants are the largest concentrated source of carbon dioxide emissions. The EPA's new power-plant rules will reduce overall emissions by at least 80 times more metric tons of carbon than the regulations for cars. Almost all credible reports suggest the world is passing the point where it can reverse, or eliminate, global warming. But that only means it's more urgent than ever to push for historic carbon reductions. Nonetheless, many politicians - including the usual global-warming deniers and those from both parties in fossil-fuel-producing states - rushed to claim the new rules would cause steep economic damage. — Anonymous

A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations and creating illusory profits, inflation will destroy this function. — Henry Hazlitt

The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations. — William Greider

Sambit Bal may be right that this is a scandal the IPL needed. It certainly brings fans face-to-face with the tangled reality of their amusement, based as it is on a self-seeking, self-perpetuating commercial oligarchy issued licenses to exploit cricket as they please. Whether the fans care is another matter: one of the reasons Indians have embraced economic liberalisation so fervently is a shoulder-shrugging resignation about the efficiency and integrity of their institutions. Given the choice between Lalit Modi, with his snappy suits and his soi-disant 'Indian People's League', and the BCCI, stuffed with grandstanding politicians and crony capitalists, where would your loyalties lie? — Gideon Haigh

At the same time, however, the necessity for economic change in our countries has led us to conceive laws and accept traditions often at the expense of the individual person. Just when many are becoming conscious of the fundamental heritage of the Judeo-Christian tradition to respect each human person, friend or foe, within the actual structure of our society to apply this truth. The very efficiency demanded by our technocratic industrial society renders the life of the old, the unstable and the handicapped almost impossible. as the values of efficiency, individualism, and wealth become the only motivations, they tend to stifle the profound aspirations of man so that little by little he loses all sense of fellowship and community. — Jean Vanier

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty. — John Maynard Keynes

Efficiency innovations are a natural part of the economic cycle, but these are the innovations that streamline process and actually reduce the number of available jobs. — Clayton Christensen

We have to shift our emphasis from economic efficiency and materialism towards a sustainable quality of life and to healing of our society, of our people and our ecological systems. — Janet Holmes A Court

If economists did not concern themselves with economic efficiency, nobody would. — Dennis Holme Robertson

We are in a crisis today because the practical consensus between the left and the right, linking economic efficiency with social protection, has broken down — Andre Glucksmann

I believe individuals have a right to life and liberty and that physical aggression should be used only defensively. We should respect each other as rational beings by trying to achieve our goals through reason and persuasion rather than threats and coercion. That, and not a desire for "economic efficiency," is the primary moral reason for opposing government intrusions into our lives: government is force, not reason. People — Ron Paul

Our rockets can find Halley's comet, and fly to Venus with amazing accuracy, but side by side with these scientific and technical triumphs is an obvious lack of efficiency in using scientific achievements for economic needs ... many Soviet household appliances are of poor quality. — Mikhail Gorbachev

You can expect to find these four priorities - education, economic vitality, efficiency in government and the protection of families - woven into my decisions as Governor. They will serve as my compass as I work with you to chart a future course for our state. — Dave Heineman

Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital. — Michael Spence

My politics are: I'm a trustbuster. Very focused. And yeah, I'm pro-efficiency. I want the most economic activity at the lowest price possible. It's good for everybody; it's not red or blue. — Travis Kalanick

The fate of the humanities faculty in the burgeoning world of for-profit higher education is easy to predict, but painful to contemplate. Universities that, by virtue of their very mission, validate economic efficiency and productivity above all else also sanction apathy toward the humanities. (p. 97) — Frank Donoghue

Given that Russia cannot compete with Europe on the basis of economic efficiency and political appeal, it has to do so with the form of power in which it has some advantage: brute force. — Anonymous

The obsession with economic profit and technical efficiency puts the human rhythms of life at risk. — Pope Francis

The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed ... The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical. — E.F. Schumacher

If we look to the future, when we talk about outsourcing jobs, when we talk about global competitiveness and our efficiency, none of that matters very much unless we have appropriate training and education for our young people today who are the workforce of tomorrow. It is an economic reality, and we are failing. — Bill Frist

Business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,
if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life. — Hortense Odlum

If this country is really to go forward along the path of social and economic justice, there must be a new party of nationwide and non-sectional principles, a party where the titular national chiefs and the real state leaders shall be in genuine accord, a party in whose counsels the people shall be supreme, a party that shall represent in the nation and the several states alike the same cause, the cause of human rights and of governmental efficiency. At present both the old parties are controlled by professional politicians in the interests of the privileged classes, and apparently each has set up as its ideal of business and political development a government by financial despotism tempered by make-believe political assassination. Democrat and Republican alike, they represent government of the needy many by professional politicians in the interests of the rich few. This is class government, and class government of a peculiarly unwholesome kind. — Theodore Roosevelt