„Imperfect markets are different. (…) Similarly, in Paul Krugman’s neat adaptation, “all perfect markets are perfect in the same way: all imperfect markets imperfect in their own different way.” But truly perfect markets exist only in economists’ models; in the real world, markets are imperfect. But within imperfect markets there is a range from those that work well enough for a laissez-faire approach to be broadly valid to those for which market failure or imperfection is extreme and inherent. The market for restaurants works pretty well. The best way to ensure a range of restaurants that provide us with variety, incentives for good service, and enjoyment of changing ambience and menu is to let entrepreneurship do its business—let thousands of flowers bloom, some to succeed and some to wilt.“

Quelle: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution

Übernommen aus Wikiquote. Letzte Aktualisierung 3. Juni 2021. Geschichte
Adair Turner, Baron Turner of Ecchinswell Foto
Adair Turner, Baron Turner of Ecchinswell
britischer Wirtschaftsmanager, Hochschullehrer und Politiker 1955

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—  Joseph E. Stiglitz American economist and professor, born 1943. 1943

"Bleakonomics" http://www.nytimes.com/2007/09/30/books/review/Stiglitz-t.html?_r=2&adxnnl=1&oref=slogin&ref=books&adxnnlx=1191080508-xgqHp+i170M7vW5X5Q4Yeg&oref=slogin The New York Times Sunday Book Review (2007-09-30).

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Letter to Hugo Boxel (Oct. 1674) The Chief Works of Benedict de Spinoza (1891) Tr. R. H. M. Elwes, Vol. 2, Letter 58 (54).
Kontext: Beauty, my dear Sir, is not so much a quality of the object beheld, as an effect in him who beholds it. If our sight were longer or shorter, or if our constitution were different, what now appears beautiful to us would seem misshapen, and what we now think misshapen we should regard as beautiful. The most beautiful hand seen through the microscope will appear horrible. Some things are beautiful at a distance, but ugly near; thus things regarded in themselves, and in relation to God, are neither ugly nor beautiful. Therefore, he who says that God has created the world, so that it might be beautiful, is bound to adopt one of the two alternatives, either that God created the world for the sake of men's pleasure and eyesight, or else that He created men's pleasure and eyesight for the sake of the world. Now, whether we adopt the former or the latter of these views, how God could have furthered His object by the creation of ghosts, I cannot see. Perfection and imperfection are names which do not differ much from the names beauty and ugliness.<!--p. 382

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Quelle: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 216

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Mastery http://www.poemhunter.com/poem/mastery-2/
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