Organizing Quotes - page 3
The circular-flow diagram offers a simple way of organizing the economic transactions that occur between households and firms in the economy. The two loops of the circular-flow diagram are distinct but related. The inner loop represents the flows of inputs and outputs. The households sell the use of their labor, land, and capital to the firms in the markets for the factors of production. The firms then use these factors to produce goods and services, which in turn are sold to households in the markets for goods...
Greg Mankiw
The inevitable counterpart of specialization is organization. This is what brings the work of specialists to a coherent result. If there are many specialists, this coordination will be a major task. So complex, indeed, will be the job of organizing specialists that there will be specialists on organization and organizations of specialists on organization. More perhaps than machinery, massive and complex business organizations are the tangible manifestation of advanced technology.
John Kenneth Galbraith
The question always is, will it pay to bring an extra exchange transaction under the organizing authority? At the margin, the costs of organizing within the firm will be equal either to the costs of organizing in another firm or to the costs involved in leaving the transaction to be "organised” by the price mechanism. Business men will be constantly experimenting, controlling more or less, and in this way equilibrium will be maintained. This gives the position of equilibrium for static analysis.
Ronald Coase
Why... are there any market transactions at all? Why not all production carried on by one big firm?... First, as a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organizing additional transactions within the firm may rise... Second, it may be that as the transactions which are organized increase, the entrepreneur fails to place the factors of production in the uses where their value is greatest, that is, fails to make the best use of the factors of production... Finally, the supply price of one or more of the factors of production may rise, because the "other advantages" of a small firm are greater than those of a large firm.
Ronald Coase
The limit to the size of the firm is set where its costs of organizing a transaction become equal to the cost of carrying it out through the market. This determines what the firm buys, produces, and sells. As the concept of transaction costs is not usually used by economists, it is not surprising that an approach which incorporates it will find some difficulty in getting itself accepted. We can best understand this attitude if we consider not the firm but the market.
Ronald Coase
Anyone who is of a thoughtful, philisophical cast of mind will occasionaly be struck by the appearance of certain organizing principles of history. The forms these principles seem to take inevitably depends upon one's specific obsession. For a mornachist, history is a struggle of classes of economic civil war. An agriculturalist sees the dynamic of populations, land, and availability of food; a philosopher might speak of the will to power or the will to sythesis; a theologian of the will of God.
Matthew Stover
Evolutionary psychology was the organizing framework-the source of "explanatory adequacy” or a "theory of the computation”-that the science of psychology had been missing. Like vision and language, our emotions and cognitive faculties are complex, useful, and nonrandomly organized, which means that they must be a product of the only physical process capable of generating complex, useful, nonrandom organization, namely, natural selection. An appeal to evolution was already implicit in the metatheoretical directives of Marr and Chomsky, with their appeal to the function of a mental faculty, and evolutionary psychology simply shows how to apply that logic to the rest of the mind.
Steven Pinker
According to the dictionary, to administer is to govern, or to manage a public or private business. It means, therefore, to seek to make the best possible use of the resources available in achieving the goal of the enterprise. Administration includes, therefore, all the operations of the enterprise. But as a result of the usual way of organizing things to facilitate the running of the business, a certain number of activities constitute the special departments; the technical department, the commercial department, the financial department, etc., and the scope of the administrative department is found to be reduced accordingly.
Henri Fayol
I think it's necessary. The world creates things up out of prayers that people pray and have. Things begin to move accordingly to how we all collectively think. When you see collectives moving on something you know that there's going to be some kind of mass migration to a higher place, and I see that in the world as a whole, not just in America. I see it all over the globe. People are organizing and fusing together to make change, and it's inspiring. I think it's part of the natural order of things. We're evolving, and what helps us evolve is social media. Social media is social evolution. It's sparking a great change.
Erykah Badu
The convictions of the multitudes - and on certain points like the desirability of organizing the world on a nationalist basis there is overwhelming agreement - are sincere convictions. They are, as we know, sometimes disastrously erroneous; but they are also disastrously honest. The Nationalisms, the Protectionisms, the Mercantilisms and all the other fallacies which rack Europe and create the chaos are sincerely held fallacies. They are, to these multitudes, the truth, and the prophet who denies them shall be stoned.
Norman Angell
The despised, the insulted, the hurt, the dispossessed-in short, the underdogs of the human race were meeting. Here were class and racial and religious consciousness on a global scale. Who had thought of organizing such a meeting? And what had these nations in common? Nothing, it seemed to me, but what their past relationship to the Western world had made them feel. This meeting of the rejected was in itself a kind of judgment upon the Western world!
Richard Wright
