Peter Drucker Quotes

The foundation of economic development is the acquisition of more productive knowledge.

Ideas are always more important than money.

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.

Cheap labor is not going to be the way we compete in the United States. It's going to be brain power.

Education equals economic growth.

Intellectual capital drives financial capital and growth.

Productivity growth is the only possible way to achieve prosperity.

Intellectual capital is the most valuable of all factors of production.

Intellectual capital will always trump financial capital.

Those people who develop the ability to continuously acquire new and better forms of knowledge that they can apply to their work and to their lives will be the movers and shakers in our society for the indefinite future.

There is a huge amount of wealth that's generated here in Silicon Valley.

In a world of commoditized knowledge, the returns go to the companies who can produce non-standard knowledge.

Where the quest for knowledge is relatively, and now almost absolutely, unrestrained, the public benefit will be great, especially where the certainty of the law ensures that knowledge is rewarded. This is exactly the combination that is the foundation of wealth-creation.

In this 21st century world, some of our country's most significant exports and imports extend beyond goods and services: They also include innovation, knowledge, discovery, and healing.

If Hollywood is going to keep going, the writers need to be creatively fulfilled by creating their own things. We need to generate new ideas, so we're not always cannibalizing old ones.

As governor, I saw the link between economic prosperity and the ability to acquire knowledge.

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

In a knowledge economy, natural selection favors organizations that can most effectively harness and coordinate collective intellectual energy and creative capacity.

What is the engine that drives economic growth in an ideopolis? The university.

Intellectual property is a key aspect for economic development.

The bad thing about young people starting a company is that sometimes they do it for the wrong reasons or because they have the wrong skill set, but the good thing is that they don't have any of the old paradigms baked into them, so they have a lot of the bright new ideas that are harder to come by as you get older.

People used to think that more population was bad for growth. In this view, people are stomachs - they eat, leaving less for everyone else. But once we realize the importance of ideas in the economy, people become brain - they innovate, creating more for everyone else.

Ideas are what power our economy.

A genius is always on duty; even his dreams are tax deductible.

The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon the level of technology and the ability to create new knowledge.