A Quote by Alan Greenspan

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

Quote Topics

Become Been Began Businesses Century Competitive Cumulative Decade Doubt Dramatic Economic Economy Efficiency Forces Half Increasingly Innovations Intense Marked More New No Doubt Number Old Our Over Over The Past Past Period Productive Raise Recent Returns Roots Technologies Tendencies Train Transformation Were While Yield

Quote Author

Alan Greenspan
American - Economist
Born: March 6, 1926

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

Michael Spence

The bottom line is that while automation is eliminating many jobs in the economy that were once done by people, there is no sign that the introduction of technologies in recent years is creating an equal number of well-paying jobs to compensate for those losses.

Moshe Vardi

The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood as desirable, and even necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and better. This of course implied at every point a hatred of the past, of all things inherited and free. All things superceded in our progress of innovations, whatever their value might have been, were discounted as of no value at all.

Wendell Berry

In New Hampshire, we know that small businesses and entrepreneurs are the engines of economic growth in the 21st-century economy, and our state has long been defined by the entrepreneurial spirit of our people.

Maggie Hassan

The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.

Ray Dalio

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.

Arthur Levitt Jr

The Cox Committee found that the Chinese military acquired many of the technologies over the past seven years, although many of them had been targeted for acquisition for more than a quarter century.

Charles Bass

I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.

Vladimir Putin

We have to transition to new technologies, making it more expensive to continue with the old and polluting technologies and cheaper to go to the clean ones.

Bill McKibben

In a healthy economy, empowering, sustaining and efficiency innovations operate in balance. A healthy economy creates and sustains more jobs before squeezing out inefficiencies.

Clayton M. Christensen

The world has changed far more in the past 100 years than in any other century in history. The reason is not political or economic but technological-technologies that flowed directly from advances in basic science. Clearly, no scientist better represents those advances than Albert Einstein: TIME's Person of the Century.

Stephen Hawking

Instead of the primitive raw material economy, we will create a smart economy generating unique knowledge, new useful things and technologies. Instead of the archaic society, in which the leaders think and make decisions for everyone, we will become a country of intelligent, free and responsible people.

Dmitry Medvedev

To be productive and focused, the rugged individuals in our economy need health security so that our country can remain competitive and agile in the changing economy.

Joe Sestak

I fundamentally believed in the NASA mission of advancing our space frontier, all the while developing innovations and new technologies that would benefit all of humankind.

Jonny Kim

The chief moral obligation of the 21st Century is to build a green economy that is strong enough to lift people out of poverty. Those communities that were locked out of the last century's pollution-based economy must be locked into the new, clean and renewable economy. Our youth need green-collar jobs, not jails.