A Quote by Thomas Pogge

It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.

Thomas Pogge

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Agriculture Alternative Always Because Beholder Better Case Cases Charge Cost Difficult Example Eye Eye Of The Beholder Fairly For Example Green Guarantees Guarantees That High High Price High Prices How How Much Innovation Innovations Innovator Irrational Madonna Mechanism Medicines Much New Other Possible Prices Reward Seeds Sell Socially Some Song Straightforward Technologies Them Then Valuable Value Very Way Will Worth

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Thomas Pogge
German - Philosopher
Born: 1953

We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.

Thomas Pogge

While there may be no "right" way to value a forest or a river, there is a wrong way, which is to give it no value at all. How do we decide the value of a 700-year-old tree? We need only to ask how much it would cost to make a new one, or a new river, or even a new atmosphere.

Paul Hawken

We try to evaluate how much value an employee is creating here and reward them accordingly.

Charles Koch

Taiwan must find its own way. We have been emphasizing too much the manufacturing business. We have to become more high-tech, more innovative, and provide more value. We can't always insist on the value of low-cost production. We have to invest more in R&D to get high-value business.

Barry Lam

[F]or women, like tradesmen, draw in the injudicious to buy their goods by the high value they themselves set upon them.... They endeavor strongly to fix in the minds of their enamoratos their own high value, and then contrive as much as possible to make them believe that they have so many purchasers at hand that the goods--if they do not make haste--will all be gone.

Sarah Fielding

We reap a reward merely in the act of helping others. We never know how, or if, that reward will come back to us. Helping is the reward; none other is needed nor better.

Terry Goodkind

Tastes and behavior are important in economics. Nobody denies that. But the question is: How much of behavior is irrational, and how much of the irrational behavior really affects prices? It turns out that's very difficult to answer.

Eugene Fama

We chase the reward, we get the reward and then we discover that the true reward is always the next reward. Buying pleasure is a false end.

John Fowles

If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.

Warren Buffett

Technological innovation has dramatically lowered the cost of computing, making it possible for large numbers of consumers to own powerful new technologies at reasonably low prices.

James Surowiecki

There's some boring advice for improvisers beginning their careers like "see as much of it as you can and do as much of it as you can." Volume, in a way, is the most important thing. Not, like, decibel volume - just immerse yourself in it as much as possible. I'd also suggest that you put a high value on your personal interests and tastes.

Zach Woods

True happiness is not found in any other reward than that of being united with God. If I seek some other reward besides God Himself, I may get my reward but I cannot be happy.

Thomas Merton

Most organizations do not value imagination, do not encourage it, do not reward it. In many cases, they don't even think about it. But if you're not thinking about imagination, I guarantee you're not going to have meaningful innovation.

Jay S. Walker

If you have an area where high-income receivers concentrate, you have a higher fiscal capacity. That fiscal capacity is a valuable resource and will create rent-seeking. People will trying to get that resource one way or the other, including immigration. It is very much like the medieval peasants putting their sheep on the commons pasture. It is better than the open range, and if you let them have open access they will, in fact, put too many sheep on the pasture and waste the value that the pasture has.

James M. Buchanan

Every time we choose action over ease or labor over rest, we develop an increasing level of self-worth, self-respect and self-confidence. In the final analysis, it is how we feel about ourselves that provides the greatest reward from any activity. It is not what we get that makes us valuable, it is what we become in the process of doing that brings value into our lives. It is activity that converts human dreams into human reality, and that conversion from idea into actuality gives us a personal value that can come from no other source.

Jim Rohn

At Knopf, we look at each book on a case-by-case basis... in some cases, we think a writer might get a boost from an endorsement by a fellow writer, but in other cases, a new book will be better served by other means, such as publicity and reviews.

Sonny Mehta

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