Michael Spence Zitate – Sprüche auf Englisch mit Übersetzung

Zitat des Tages von Michael Spence:

Globalization is the process by which markets integrate worldwide.

Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.

Michael Spence

I was not thinking about infinite multipliers when I was 10. But I did have a father who was a Ph.D. in commerce and finance and an intellectual man. And so I had a feeling, probably about the time I went to college, that I would try to be a scholar and teacher, but I didn't know which field.

Michael Spence

We tend to think that employment is employment, and we don't ask the question: is this rewarding employment? Research establishes pretty clearly that typical notions of happiness - that more is better - really don't correspond to the way people think and feel.

Michael Spence

Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital.

Michael Spence

Globalization is the process by which markets integrate worldwide.

Michael Spence

I picked economics at the end of my undergraduate time because it seemed to be a really nice combination of theory, including mathematical theory on one hand, and things that are quite practical that you can touch and see and feel. So I picked it, and I consciously thought of it as an experiment to see if I liked it. And it worked.

Michael Spence