A Quote by Peter Drucker

In todays economy, the most important resource is no longer labor, capital or land; it is knowledge

Peter Drucker

Quote Topics

Capital Economy Important Knowledge Labor Land Longer Most Resource The Most Important

Quote Author

Peter Drucker
American - Businessman
November 19, 1909 - November 11, 2005

The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be knowledge.

Peter Drucker

From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.

Leland Stanford

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.

Abraham Lincoln

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.

Henry George

One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.

Murray Rothbard

I'd love if people relearned the lessons of the 20th century all over again. Which is to say this country progressed economically and socially when we had a better balance between capital and labor. Neither capital or labor won every argument. The battle between the two created economic tension, and transformed the working class into the middle class, and grew the economy.

David Simon

The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Louis O. Kelso

We are coming to see that there should be no stifling of labor by capital, or of capital by labor; and also that there should be no stifling of labor by labor, or of capital by capital.

John D. Rockefeller

The real end winner of NAFTA is going to be Mexico because we have the human capital. We have that resource that is vital to the success of the U.S. economy.

Vicente Fox

Labor in this country is independent and proud. It has not to ask the patronage of capital, but capital solicits the aid of labor.

Daniel Webster

What being among the 'right people' entails is the possession of human capital, rather than organizational capital: an individual reputation, portable skills, and network connections. Career responsibility is squarely in the hands of individuals, a function of their knowledge and networks. Transferable knowledge is more important to a career than firm-specific knowledge.

Rosabeth Moss Kanter

Knowledge has become the key resource of the world economy.

Peter Drucker

Labor is superior to capital and precedes capital. Without labor, there is no capital.

Abraham Lincoln

Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Louis O. Kelso

The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.