Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created. (Myron Scholes)

Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.

Myron Scholes

Related topics

compelling impossible innovation lead reason run simple infrastructure

Related quotes

It is true that the successful quest for wisdom might lead to the result that wisdom is not the one thing needful. But this result would owe its relevance to the fact that it is the result of the quest for wisdom: the very disavowal of reason must be reasonable disavowal. View quote
Leo Strauss
We must smother the internal and external enemies of the Republic or perish with it; now in this situation, the first maxim of your policy ought to be to lead the people by reason and the people's enemies by terror. View quote
Maximilien Robespierre
The sciences of today are business enterprises run on business principles. Research in large institutes is not guided by Truth and Reason but by the most rewarding fashion, and the great minds of today increasingly turn to where the money is - which means military matters. View quote
Paul Karl Feyerabend
He would wake for no reason in the middle of the night, and the memory of the self-absorbed love was revealed to him for what it was: a pitfall of happiness that he despised and desired at the same time, but from which it was impossible to escape. View quote
Gabriel García Márquez
It is clear that there is no classification of the Universe that is not arbitrary and full of conjectures. The reason for this is very simple: we do not know what kind of thing the universe is. View quote
Jorge Luis Borges