Costs Quotes - page 10
To disgust men with their work is a serious blunder on the part of human society; what could be more natural than their liking for what they do? Work keeps off boredom, vice, and poverty. It is the remedy for all imagined evils. "The souls' joy lies in doing," said Shelly. Active work saves man from himself; indolence make shim a prey to useless regrets, dangerous reveries, enviousness, and hate. Also the first rule of the art of governing is, at all costs, to keep a nation at work. A bored nation is impossible to govern, but a nation occupied by work which it believes to be useful and accomplishes on its own initiative is already a happy one.
André Maurois
A leader's intelligence must have simplicity and clarity; action is difficult when the mind is full of complex theories and schemes. An over-organized industry wastes just as much money as one without organization - the transmission uses up all the motor's power. (For this reason small enterprises directed by one man have the better of larger trusts because their costs are less and the quality of their product higher.) A leader must have a few very simple ideas, acquired from experience and confirmed by putting them into practice. This structure created by experience will contain much exact knowledge for use in connection with a given action.
André Maurois
You are one of those obsessed demoniacal creatures who ought to be avoided at all costs; they bring misfortune into the lives of others; they ruin the lives of others. The real good people are humble and silent (like your Kitty is). But beware, God sees all vanity and pride and you cannot fool him.
Svetlana Alliluyeva
But we lay people are not less called to the Christian life, in which the critical question is: "Where does the compass-needle of your mind and will point?" This is tested above all by our reactions when it costs or threatens to cost something to be a Christian. One should be glad if it does, rather than complain! If we will not let it cost anything; if we succumb to the threat of "losing our life", then our religion is indistinguishable from pure worldliness.
G. E. M. Anscombe
After society has decided on a social choice rule-a recipe for choosing the optimal social alternative (or alternatives) on the basis of individuals' preferences over the set of all social alternatives-the social planner still faces the problem of how to implement that rule. In particular, the planner may not know individuals' preferences. He might attempt to elicit them, but this may not be an easy task, even abstracting from communication costs. If individuals know the rule by which the planner selects alternatives on the basis of reported preferences, they may have an incentive to report falsely.
Eric Maskin
[Schultz specifically refers to the manner in which inputs are used when he states that one implication of his] efficient but poor hypothesis... [is] that the combination of crops grown, the number of times and depth of cultivation, the time of planting, watering, and harvesting, the combination of hand tools, ditches to carry water to the fields, draft animals and simple equipment -- are all made with a fine regard for marginal costs.
Theodore Schultz
Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information that would require large search costs by individual buyers and sellers in the absence of an organized market. (footnote 4: The original contributions were those of Hayek.
Douglass North
Economic growth occurs if output grows faster than population. Given the described assumptions about the way people behave, economic growth will occur if property rights make it worthwhile to undertake socially productive activity. The creating, specifying and enacting of such property rights are costly... As the potential grows for private gains to exceed transaction costs, efforts will be made to establish such property rights. Governments take over the protection and enforcement of property rights because they can do it at a lower cost than private volunteer groups. However, the fiscal needs of government may induce the protection of certain property rights which hinder rather than promote growth; therefore we have no guarantee that productive institutional arrangements will emerge.
Douglass North
The complexity for minimum component costs has increased at a rate of roughly a factor of two per year... Certainly over the short term this rate can be expected to continue, if not to increase. Over the longer term, the rate of increase is a bit more uncertain, although there is no reason to believe it will not remain nearly constant for at least 10 years. That means by 1975, the number of components per integrated circuit for minimum cost will be 65,000. I believe that such a large circuit can be built on a single wafer.
Gordon Moore
‘Truth is cheap, but information costs.' I can't remember who said that.”
"Vince What's-His-Name,” said Sam. "Died in a terrorist raid or something. I thought you said all information should be free.”
"It should. It isn't. Knowledge is power. But power corrupts. Which means the Age of Fast Information is an extremely corrupt age in which to live.
Pat Cadigan
People did not proceed, as the theory of evolution really requires by demythologizing their symbolism about animals and the downward direction. Instead they resisted evolution at all costs, or accepted it with the provisio that the future was to lift them out of the degrading company that admittedly contaminated their past. The Future was seen as leading many away from the rest of nature as fast as possible, as giving him the hope of escaping continuity with it after all. Those who felt a sense of pollution at the thought of kinship with other animals could dwell on the hope of becoming less like them.
Mary Midgley
