The transformation of the automobile market was essentially complete in 1929. If Mr. Ford, in that pivotal year in the modern economy, still held stubbornly to his old concept in his new Model A, he was counterbalanced by Mr. Chrysler, who had come up from nowhere with tremendous vitality and with a market policy similar to General Motors'. The fact that Mr. Ford built nearly two million of the five million U. S.-produced cars and trucks sold that year was only incidental from the long-term point of view. it was a splurge, not the sign of a trend.
Alfred P. SloanRelated topics
built concept five general hold market model nowhere point sold sign splurge transformation trend view vitality year incidental ChryslerRelated quotes
I return to economics and to economists, and to the question of why the profession's directions have evolved in the manners evident from this book. A major conservative economist once explained that a source of his antipathy to government traced back to the defeat of his southern ancestors by a larger north economy. Here is a similar factoid. Joan Robinson once wrote that her opposition to having the U. K. enter the European Market was due to the fact that she "had more friends in [Nehru's] India than on the continent.”.
Paul Samuelson
But what you're talking about means giving up all that-just the noble primitive, simple and self-sufficient. He's going to chop down a tree-who sold him the ax? He wants to shoot a deer-who made his gun?...There never was and there never could be a noble simple creature such as you described. He'd be an ignorant savage, with dirt on his skin and lice in his hair. He would work sixteen hours a day to stay alive at all. He'd sleep in a filthy hut on a dirt floor. And his point of view and his mental processes would be just two jumps above an animal.
Robert A. Heinlein
My interest had been in a broad class of situations, broader than the advanced industrial market economies, including situations in third world countries, and in countries attempting to have some kind of socialist approach to their problems. I have been interested in how one can construct efficient mechanisms that have the decentralization features similar to a market but that do not necessarily resemble a market. For this purpose, I formulated the notion of an informationally-decentralized economy in which perfect competition was just a very special case...
Leonid Hurwicz
In point of fact there are a certain number of values and of forces which are of decisive importance in our world civilization: the primacy of production, the continual growth of the power of the State and the formation of the National State, the autonomous development of technics, etc. These, among others - far more than the ownership of the means of production or any totalitarian doctrine - are the constitutive elements of the modern world. So long as these elements continue to be taken for granted, the world is standing still.
Jacques Ellul
We have looked first at man with his vanities and greed and his problems of a day or a year; and then only, and from this biased point of view, we have looked outward at the earth he has inhabited so briefly and at the universe in which our earth is so minute a part. Yet these are the great realities, and against them we see our human problems in a different perspective. Perhaps if we reversed the telescope and looked at man down these long vistas, we should find less time and inclination to plan for our own destruction.
Rachel Carson