A Quote by Edmund Phelps
If every effect of any new products or methods were required to be known before they could be produced and marketed, they would not be true innovations - and thus not represent new knowledge of what people would like, if offered.
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The 1920s and 1930s were a period of sensational productivity growth: new products were springing up all over the place, and most of those new products and new methods were developed by people who started their own companies.
For time flows on, and if it did not, it would be a bad prospect for those who do not sit at golden tables. Methods become exhausted; stimuli no longer work. New problems appear and demand new methods. Reality changes; in order to represent it, modes of representation must also change. Nothing comes from nothing; the new comes from the old, but that is why it is new.
This new war, like the previous one, would be a test of the power of machines against people and places; whatever its causes and justifications, it would make the world worse. This was true of that new war, and it has been true of every new war since... I knew too that this new war was not even new but was only the old one come again. And what caused it? It was caused, I thought, by people failing to love one another, failing to love their enemies.
They were not friends. They didn't know each other. It struck Tom like a horrible truth, true for all time, true for the people he had known in the past and for those he would know in the future: each had stood and would stand before him, and he would know time and time again that he would never know them, and the worst was that there would always be the illusion, for a time, that he did know them, and that he and they were completely in harmony and alike. For an instant the wordless shock of his realization seemed more than he could bear.
If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before, would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.
Nearly all great civilizations that perished did so because they had crystallized, because they were incapable of adapting themselves to new conditions, new methods, new points of view. It is as though people would rather die than change.
These ways to make people buy were strange and new to us, and many bought for the sheer pleasure at first of holding in the hand and talking of something new. And once this was done, it was like opium, we could no longer do without this new bauble, and thus, though we hated the foreigners and though we knew they were ruining us, we bought their goods. Thus I learned the art of the foreigners, the art of creating in the human heart restlessness, disquiet, hunger for new things, and these new desires became their best helpers.
Tom [Cargil]s suggestion with a further idea: Propsers of new [C++] features should be required to donate a kidney. That would - Jim [Waldo] pointed out - make people think hard before proposing, and even people without any sense would propose at most two extensions.
Every year, the Friday before the new Saturday-morning shows would premiere, the networks would do this big preview special, and I was always glued to the TV. As horrible as they were, they were entertaining at the time. There was a lot of showmanship from the networks based around the new lineup.
New technologies are rapidly giving rise to unprecedented methods of warfare. Innovations that yesterday were science fiction could cause catastrophe tomorrow, including nanotechnologies, combat robots, and laser weapons.
Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.
Consider in what way the industrial system developed upon capitalist lines. Why were a few rich men put with such ease into possession of the new methods? Why was it normal and natural in their eyes and in that of contemporary society that those who produced the new wealth with the new machinery should be proletarian and dispossessed?
If I had a personal wish for the new ideas in this new book it would be that every parent, every counselor, every teacher, every professor, every sports coach that deals with young people would understand the three circle concept.
I never really marketed myself, so each job I was given was a new marketing tool, and that would be the way I marketed myself.
It is the delight of vulgar talent to dazzle and to bind the beholder. But true genius seeks to defend us from itself. True geniuswill not impoverish, but will liberate, and add new sense. If a wise man should appear in our village, he would create, in those who conversed with him, a new consciousness of wealth, by opening their eyes to unobserved advantages; he would establish a sense of immovable equality, calm us with assurances that we could not be cheated; as every one would discern the checks and guarantees of condition.
In bed that night I invented a special drain that would be underneath every pillow in New York, and would connect to the reservoir. Whenever people cried themselves to sleep, the tears would all go to the same place, and in the morning the weatherman could report if the water level of the Reservoir of Tears had gone up or down, and you could know if New York is in heavy boots.
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