The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a practical, empirical matter, that hypothesis is flatly wrong. That is, it is simply not the case that the world's leading nations are to any important degree in economic competition with each other, or that any of their major economic problems can be attributed to failures to compete on world markets.
Paul KrugmanRelated topics
case competition degree hypothesis idea leading major matter necessary practical success truth world wrongRelated quotes
Until I came to IBM, I probably would have told you that culture was just one among several important elements in any organization's makeup and success - along with vision, strategy, marketing, financials, and the like... I came to see, in my time at IBM, that culture isn't just one aspect of the game, it is the game. In the end, an organization is nothing more than the collective capacity of its people to create value.
Louis V. Gerstner
When I received the Nobel Prize, the only big lump sum of money I have ever seen, I had to do something with it. The easiest way to drop this hot potato was to invest it, to buy shares. I knew that World War II was coming and I was afraid that if I had shares which rise in case of war, I would wish for war. So I asked my agent to buy shares which go down in the event of war. This he did. I lost my money and saved my soul.
Albert Szent-Györgyi
No matter how "right” you may be on various points, you must be diplomatic also. The first and important thing is not "rightness” at all, but Christian love and harmony. Most "crazy converts” have been "right” in the criticisms that led to their downfall; but they were lacking in Christian love and charity and so went off the deep end, needlessly alienating people around them and finally finding themselves all alone in their rightness and self-righteousness. Don't you follow them!...
Seraphim Rose
The issue here really is not whether international trade shall be free but whether or not it makes any sense for a country - or, for that matter, a region - to destroy its own capacity to produce its own food. How can a government, entrusted with the safety and health of its people, conscientiously barter away in the name of an economic idea that people's ability to feed itself? And if people lose their ability to feed themselves, how can they be said to be free?
Wendell Berry
In any case, only someone miraculously innocent of history could believe that competition among ideas could result in the triumph of truth. Certainly ideas compete with one another, but the winners are normally those with power and human folly on their side. When the medieval Church exterminated the Cathars, did Catholic memes prevail over the memes of heretics? If the Final Solution had been carried to a conclusion, would that have demonstrated the inferiority of Hebrew memes?
John N. Gray
