Output Quotes - page 4
Motion study is the science of eliminating wastefulness resulting from using unnecessary, ill-directed, and inefficient motions. The aim of motion study is to find and perpetuate the scheme of least waste methods of labor.
By its use we have revolutionized several of the trades. There is probably no art or trade that cannot have its output doubled by the application of the principles of motion study.
Frank Bunker Gilbreth, Sr.
James Buchanan ... produced several seminal contributions to the literature prior to the appearance of The Calculus, and a continual stream of books and articles afterward. I view Buchanan's Nobel Prize as a reward for this great body of work, and not just limited to The Calculus. Pursuing this line of reasoning, Gordon Tullock's prodigious research output following the publication of The Calculus also justifies a Nobel Prize. Indeed, Tullock's (1967c) seminal analysis of rent seeking, and his subsequent work on this topic might be regarded as sufficient achievements for the awarding of a prize.
Dennis Mueller
THE subject I have been given for these lectures is The Psychological Foundations of Business Administration, but as it is obvious that we cannot in four papers consider all the contributions which contemporary psychology is making to business administration - to the methods of hiring, promoting and discharging, to the consideration of incentives, the relation of output to motive, to group organization, etc.
Mary Parker Follett
Currency competition and free banking might increase the efficiency of the financial system, and bring some small triangle welfare gains. But the key question is whether their adoption would improve macroeconomic performance. Even though Salin argues (p. 281) that ‘the best system is that which produces the least inflation', fluctuations in output are also expensive.
Hayek states that the adoption of his proposal would end recessions. There is absolutely no reason to believe that. Nineteenth century history is evidence that free banking and currency issue, in the wrong legal and regulatory framework, can produce rather than reduce instability. The proponents of free banking and currency issue in this volume do not go much beyond a general belief in competition in justifying their views; they have certainly not explored the necessary legal and regulatory environment in any detail.
Stanley Fischer
The history of the twelve-week return to the so-called original conditions of work is soon told. The daily and weekly output rose to a point higher than at any other time and in the whole period "there was no downward trend." At the end of twelve weeks, in period thirteen, the group returned, as had been arranged, to the conditions of period seven with the sole difference that whereas the Company continued to supply coffee or other beverage for the mid-morning lunch, the girls now provided their own food. This arrangement lasted for thirty-one weeks-much longer than any previous change. Whereas in period twelve the group's output had exceeded that of all the other performances, in period thirteen, with rest-pauses and refreshment restored, their output rose once again to even greater heights.
Elton Mayo
Like its agriculture, Africa's markets are highly under-capitalized and inefficient. We know from our work around the continent that transaction costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely high. In fact, only one third of agricultural output produced in Africa even reaches the market.
Eleni Zaude Gabre-Madhin
Since 2006, we have surpassed Alaska, Oklahoma, Louisiana, and California in oil production to become the second largest oil-producing state in the nation, trailing only Texas. In 2012, North Dakota produced more than 245 million barrels of oil and provided nearly 11 percent of all U.S. output.
John Hoeven
