In an ideal socialist economy, the reward for invention would be completely separated from any charge to the users of information. In a free enterprise economy, inventive activity is supported by using the invention to create property rights; precisely to the extent that it is successful, there is an underutilization of the information.
Kenneth ArrowRelated topics
activity charge economy enterprise extent free ideal information invention property reward socialist using underutilizationRelated quotes
Learning organizations organizations where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning how to learn together.
Peter Senge
Men rush to California and Australia as if the true gold were to be found in that direction but that is to go to the very opposite extreme to where it lies. They go prospecting farther and farther away from the true lead, and are most unfortunate when they think themselves most successful.
Henry David Thoreau
I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.
Steve Jobs
Let all partake of the feast of faith. Let all receive the riches of goodness. Let no one lament their poverty, for the universal kingdom has been revealed. Let no one mourn their transgressions, for pardon has dawned from the grave. Let no one fear death, for the Saviour's death has set us free.
John Chrysostom
To a great extent the achievements of invention, of mechanical and of artistic creation, must of necessity, and rightly, be individual rather than governmental. It is the self-reliant pioneer in every enterprise who beats the path along which American civilization has marched. Such individual effort is the glory of America.
Franklin D. Roosevelt
