Peter Drucker Quotes

Intellectual capital will always trump financial capital.

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

The story of the next century is the transition from an industrial, resourced-based economy to a knowledge economy.

Knowledge is our most powerful engine of production.

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 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.

In the new economy, information, education, and motivation are everything.

Instead of being focused on teaching what we already know, we now have to be focused on creating new knowledge that is China-based, because it's absolutely clear that China is going to shift from a production economy to a knowledge economy.

Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.

In this time of budget cuts, we cannot forget that basic science is a building block for scientific innovation and economic growth in the information age.

Books constitute capital. A library book lasts as long as a house, for hundreds of years. It is not, then, an article of mere consumption but fairly of capital, and often in the case of professional men, setting out in life, it is their only capital.

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.

We live in an information and knowledge-based economy.

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.

Japan is a well-educated, technological society. It is a free society, protects intellectual property.

The margin for making mistakes has gotten much smaller. In a commodity economy, it's hard to kill off your business. You still have the mine. You still have oil wells. You can always rebuild. In a knowledge economy, if you make a mistake, you're in trouble.

America is the most inventive country in the world because everybody has access to information.

We always say Jordan is not rich in natural resources - we don't have oil or gas like some of our neighbors do - but I think in terms of human resources, we are quite lucky and we are really trying to foster an environment of innovation and technology. I think Jordan will emerge as a center of innovation in the Middle East.

Economists largely confine themselves to three key factors - capital, labor and productivity - when explaining how and why a country grows.

The future of Norway isn't about competing on being the cheapest but the most innovative. We have an expensive welfare state, and the only answer to continue that way is to become more competitive, especially on knowledge.

Investing in science education and curiosity-driven research is investing in the future.

Our working hypothesis is that the status of knowledge is altered as societies enter what is known as the postindustrial age and cultures enter what is known as the postmodern age.

The strength of a nation is its knowledge.

Knowledge is capital.