A Quote by Angus Deaton
If someone thinks of something, some new innovation that benefits us all, and the market works properly, they get richly rewarded for that, and that's just terrific, and that creates inequality.
Related Quotes
I think our basic principle that this is a free market system and that that has worked for us, that it creates innovation and risk taking, I think that's a principle that we've gotta hold to as well. But what I don't wanna do is get bottled up in a lot of ideology and is this conservative or liberal. My interest is finding something that works.
That’s how a scary story works. It echoes some ancient fear. It re-creates some forgotten terror. Something we’d like to think we’ve grown beyond. But it can still scare us to tears. It’s something you’d hoped was healed.
In New York - not to say New York isn't a competitive place - but there's much more of a sense of, we're all here and some of us are up and some of us are down and some of us are in the middle, but we have a longer view of history and how it works, rather than just this week.
Don't limit investing to the financial world. Invest something of yourself, and you will be richly rewarded.
What happens to our economy and all our wonderful innovation if people are not properly incentivized and rewarded?
Destroy it. There may be a redistribution of the land, but the natural inequality of men soon re-creates an inequality of possessions and privileges, and raises to power a new minority with essentially the same instincts as the old.
Hey, this is terrific!" he said. "Someone down there is trying to kill us!" "Terrific," said Arthur. "But don't you see what this means?" "Yes. We are going to die." "Yes, but apart from that." "Apart from that?!" "It means we must be on to something!" "How soon can we get off it?
In the sense that people who produce things and work get rewarded, statistically. You don't get rewarded precisely for your effort, but in Russia you got rewarded for being alive, but not very well rewarded.
Univa developing and supporting Grid Engine is welcome news for the GE community. This move by Univa brings with it a new competitive spirit and sense of innovation to a market that continuously benefits from pushing the envelope.
I believe that the Greater Phoenix Area is a terrific sports market; it's a terrific hockey market.
Don't go into something you actually don't know much about, in the hopes that you're going to get really financially successful and rewarded... even though people think you're, like, terrific.
The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization.
What is the upside of inequality? I would say that it's a deep pool of properly trained, highly motivated talent that is endeavoring to create innovation that grows our knowledge-based economy.
The Fourth Industrial Revolution has the potential to empower individuals and communities, as it creates new opportunities for economic, social, and personal development. But it also could lead to the marginalization of some groups, exacerbate inequality, create new security risks, and undermine human relationships.
Systemic racism is something that diminishes all of us. Of course its worst effects are for its victims, but our entire country is held back through the inequality and the mistrust that it creates.
An inventor creates something that works. An entrepreneur creates something that others will buy.
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