When Acheson was first joined State as Assistant Secretary for Economic Affairs, he writes the following in a section entitled "My Search for a Function"..."My official duties were summed up in the Department of State Bulletin by misleading platitudes...Both (Secretary) Hull and the President...knew me and, surely, had not asked me into the Department to perform the largely nonexistent duties defined in the Bulletin."
Dean AchesonRelated topics
bulletin department following hull nonexistent president search secretary state affairsRelated quotes
Prices perform three functions in organizing economic activity: first, they transmit information; second, they provide an incentive to adopt those methods of production that are least costly and thereby use available resources for the most highly valued pur poses; third, they determine who gets how much of the product-the distribution of income. These three functions are closely in terrelated.
Milton Friedman
In defining a microeconomic system two distinct component elements will be identified: an environment and an institution. The environment consists of a list of N economic agents {l,..., N}, a list of K + 1 commodities (including resources) {O, l,..., K}, and certain characteristics of each agent ... Hence, a microeconomic environment is defined by the collection of characteristics e.
Vernon L. Smith
All these problems constantly come in the work of political and social development. But they stand for a vast progression toward better conditions, a better society, a better economic system. In approaching them, we need to have in mind the Federalist's analysis of our constitutional system: - The powers delegated to the Federal Government are few and defined; those to remain in the hands of the State government are numerous and indefinite.
Calvin Coolidge
I have begun drafting a memorandum for the prosecuting authorities, together with all evidence necessary to establish not only the existence of numerous specific instances of scientific or economic fraud in relation to the official "global warming" storyline but also the connections between these instances, and the overall scheme of deception that the individual artifices appear calculated to reinforce.
Christopher Monckton
The Soviet Union, true to the Leninist principles of respect for the rights and national independence of all peoples great or small, has always been and is guided in its relations with other countries by the principles of mutual respect for territorial integrity and sovereignty, non-aggression, non-intervention in each other's internal affairs, equality and mutual benefits, peaceful coexistence and economic cooperation.
Kliment Voroshilov