James Dyson Quotes
The way the world is going, it's technology driven. And it isn't just driven by the old super powers, it's driven by the far east and new emerging economies.
Dyson, James. Invention: A Life. Simon & Schuster, 2021.
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.
Sir James Dyson OM CBE RDI FRS FREng FCSD FIEE is a British inventor, industrial designer, landowner and entrepreneur who founded Dyson Ltd. Traditionally, he is best known as the inventor of the Dual Cyclone bagless vacuum cleaner, which works on the principle of cyclonic separation. According to the Sunday Times Rich List 2020, he is Britain's richest person with an estimated net worth of £16.2 billion. He served as the Provost of the Royal College of Art from August 2011 to July 2017, and opened a new University, the Dyson Institute of Engineering and Technology, on Dyson's Wiltshire Campus in September 2017.