A Quote by Clay Shirky

The more people are involved in a given task, the more potential agreements need to be negotiated to do anything, and the greater the transaction costs.

Clay Shirky

Quote Topics

Agreements Anything Costs Given Greater Involved More More People Need People Potential Task Transaction

Quote Author

Clay Shirky
American - Writer
Born: 1964

Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.

Nathan Myhrvold

Hackman's paradox: Groups have natural advantages: they have more resources than individuals; greater diversity of resources; more flexibility in deploying the resources; many opportunities for collective learning; and, the potential for synergy. Yet studies show that their actual performance often is subpar relative to "nominal" groups (i.e. individuals given the same task but their results are pooled.) The two most common reasons: groups are assigned work that is better done by individuals or are structured in ways that cap their full potential.

J. Richard Hackman

We don't need no more rappers, we don't need no more basketball players, no more football players. We need more thinkers. We need more scientists. We need more managers. We need more mathematicians. We need more teachers. We need more people who care; you know what I'm saying? We need more women, mothers, fathers, we need more of that, we don't need any more entertainers

Tupac Shakur

In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.

Ronald Coase

We don't need more Hindus, more Christians, or more Muslims - we need more Buddhas, more Jesuses, and more Krishnas - then there will be true change. Every human being has that inner potential.

Jaggi Vasudev

When we liberate the economic potential of women, we elevate the economic performance of communities, nations, and the world... There is a stimulative and ripple effect that kicks in when women have greater access to jobs and the economic lives of our countries: Greater political stability. Fewer military conflicts. More food. More educational opportunity for children... By harnessing the economic potential of all women, we boost opportunity for all people.

Hillary Clinton

Even a low-budget film costs way more money than a high-priced record. So, it's mo' money, mo' problems. When you have more money, it just creates more people trying to get involved and you have more trouble.

Rob Zombie

It's more expensive for me to make my shoes. I don't use animal-based glues or fish-based glues. So that costs me more. And, you know, like anything in life - mass marketing of anything - mass manufacturing of anything costs less.

Stella McCartney

Greatness is more than potential. It is the execution of that potential. Beyond the raw talent. You need the appropriate training. You need the discipline. You need the inspiration. You need the drive.

Eric Burns

Resistance is a holy right for the Palestinian people to face the Israeli occupation. Nobody should forget that the Palestinian people negotiated for 10 years and accepted difficult and humiliating agreements, and in the end didn't get anything except authority over the people, and no authority over land, or sovereignty.

Marwan Barghouti

That doesn't mean you have to have the lowest costs in the industry to succeed. But you need to make sure the activities and product attributes that increase your costs above the other guy bring in at least that much more in revenue, and hopefully more.

Gerard Arpey

We do not need more material development, we need more spiritual development. We do not need more intellectual power, we need more moral power. We do not need more knowledge, we need more character. We do not need more government, we need more culture. We do not need more law, we need more religion. We do not need more of the things that are seen, we need more of the things that are unseen. It is on that side of life that it is desirable to put the emphasis at the present time. If that side be strengthened, the other side will take care of itself.

Calvin Coolidge

It is the task of radical thought, since the world is given to us unintelligibly, to make it more unintelligible, more enigmatic, more fabulous.

Jean Baudrillard

While trade agreements are negotiated in secrecy, behind-closed doors, we have learned enough from leaks to know that the result of passing TPA to 'fast track' these trade agreements would affect everything from food safety to environmental protection to consumer financial protections.

Jan Schakowsky

The main thing is that it's nice to see these young people - 9 to 14 years old - take the opportunity to get more involved in their health and fitness. We need more kids to be more active.