Soe Quotes
All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget constraint - are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership - it is between concentrated and dispersed ownerships.
Ha-Joon Chang
There aren't many great passages written about food, but I love one by George Millar, who worked for the SOE in the second world war and wrote a book called 'Horned Pigeon.' He had been on the run and hadn't eaten for a week, and his description of the cheese fondue he smells in the peasant kitchen of a house in eastern France is unbelievable.
Sebastian Faulks
There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic attitude in the spirit of the famous remark by China's former leader Deng Xiao-ping: 'it does not matter whether the cat is white or black as long as it catches mice.'
Ha-Joon Chang
[I am] lover of his king and country, a lover of peace and the protestant interest...[Consent] is absolutely necessary to the very being and subsistance of our government and without which our peace and religion cannot possibly be any way secured...the miscarriages of the former reigns gave a rise and a right to King William's comeing and ushered him into the throne...Let us owne King William to be our King by right...[William came] to recover our oppressed and sinkeing laws, libertys, and Religion...They who would not betray England and expose it to popish rage and revenge, who have any regard to their country, their religion, their consciences, and their estates, must maintain the bulwarke have set up against it, and which alone preserves us against a more violent inundation of all sorts of misery than that we were soe lately delivered from.
John Locke
