Quotes About Economic Competition

#1. And one of the worst effects was that by suppressing critical thought, it also suppressed critical thought in the field of economics and hampered the development of economics - and the country would fall back further and further in the economic competition with the West.

Stefan Heym

#2. The stark reality facing us today is that without the labour reforms, workers will get neither the income nor jobs in the face of cut-throat global economic competition.

Kim Young-sam

#3. Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

George Reisman

#4. The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.

George Reisman

#5. I believe it is still true that conflicts among major powers usually stem from geopolitical rivalries but rarely from economic competition.

Robert Kagan

#6. Advertising as the printed form of selling would seem ... ultimately to be justified in so far as it serves as a means of increasing legitimate human wants, as an agency of fair and economic competition in the distribution of goods, and as a stimulant to social progress.

Daniel Starch

#7. Markets do not automatically generate trust, cooperation or collective action for the common good. Quite the contrary: it is in the nature of economic competition that a participant who breaks the rules will triumph - at least in the short run - over more ethically sensitive competitors.

Tony Judt

#8. The sharper the competition, the better it serves its social function to improve economic production.

Ludwig Von Mises

#9. The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.

George Stigler

#10. Instead of engaging in cutthroat competition, we should strive to create value. In economic terms, this means a transition from a consumer economy - the mad rush for ownership and consumption - to a constructive economy where all human beings can participate in the act of creating lasting worth.

Daisaku Ikeda

#11. The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery.

Joseph Stiglitz

#12. The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.

Ludwig Von Mises

#13. It is impossible not to notice how little the proponents of the ideal of competition have to say about honesty, which is the fundamental economic virtue, and how very little they have to say about community, compassion, and mutual help.

Wendell Berry

#14. The flames of a new economic evolution run around us, and we turn to find that competition has killed competition, that corporations are grown greater than the State . . . and that the naked issue of our time is with property becoming master, instead of servant.

Doris Kearns Goodwin

#15. The future of Japan's economic growth depends on us having the willpower and the courage to sail without hesitation onto the rough seas of global competition.

Shinzo Abe

#16. One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later.

Reid Hoffman

#17. Freedom requires that government keep the channels of competition and opportunity open, prevent monopolies, economic abuse and domination.

Herbert Hoover

#18. Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.

Ludwig Erhard

#19. A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition.

Thomas Piketty

#20. In economic life competition is never completely lacking, but hardly ever is it perfect.

Joseph A. Schumpeter

#21. When you talk about the economic process of a society, sometimes we separate it into two stories. One is about monetary variables. But then, we very often assume the underlying arrangement, the other variable, is 'perfect competition,' which means people do whatever they are supposed to do.

Leonid Hurwicz

#22. The inescapable fact is that when we build a society based on greed, selfishness, and ruthless competition, the fruits we can expect to reap are economic insecurity at home and international discord abroad.

Tommy Douglas

#23. The presumed causes of Americas troubles can be summed up simply: the evils of unlimited competition, and abuses by those with economic power.

Charles A. Reich

#24. We have before us the fiendishness of business competition and the world war, passion and wrongdoing, antagonism between classes and moral depravity within them, economic tyranny above and the slave spirit below.

Karl Barth

#25. Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism.

Aung San Suu Kyi

#26. Corporate competition is fierce, viewed by many as economic warfare where all is fair. But politics ... now, this is something unique.

John McAfee

#27. Under perfect competition, in the long run no company makes an economic profit.

Peter Thiel

#28. The profit motive, when it is the sole basis of an economic system, encourages a cutthroat competition and selfish ambition that inspires men to be more concerned about making a living than making a life.

Martin Luther King Jr.

#29. Many of us in the West have come to feel that the development of technology in the military and economic fields has produced a single world in which the central problems, both military and economic, are going to require co-operation rather than continued confrontation and competition.

Denis Healey

#30. Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it?

Paul J. Zak