James Surowiecki Quotes

James Surowiecki
James Surowiecki
American Journalist
Born: Apr 30, 1967
Business Good People Will Work You
Related authors: Ambrose Bierce Dave Barry Erma Bombeck Hunter S. Thompson Mignon McLaughlin Walter Cronkite William F. Buckley, Jr. William Lloyd Garrison
A consumer-finance agency is a good thing, but it would do well to teach consumers a simple lesson: if you don't understand the deal you're making, don't make it. James Surowiecki
Good You Simple Lesson Would Good Thing Consumers Well Make Deal Understand Making Agency Teach Thing
Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked. James Surowiecki
Inflation Will First Become Gone Increase Threat Wrecked Through Prices Since Likely Learned Hint Hits Episode Businesses Alert
In American politics, 'Europe' is usually a code word for 'big government.' James Surowiecki
Politics Government Word Big Big Government American American Politics Europe Code
On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough. James Surowiecki
Tough Thrive Fraudulent Economic Tend Schemes Up Times Wall Wall Street Blow Turn Street
Corporations hope that the right concept will turn things around overnight. This is what you might call the crash-diet approach: starve yourself for a few days and you'll be thin for life. James Surowiecki
Life Hope You Yourself Will Few Starve Approach Corporations Days Concept Call Around Overnight Might Turn Thin Right Things
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference. James Surowiecki
Too Late Impossible Too Programs Late Virtually Small Argue Economists Economy Make Make A Difference Policy Fiscal Arrive Task May Difference Skeptical Many Popular Works
Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial. James Surowiecki
Art Financial Collecting Wealthy Purely Individuals Beyond Been Domain Rewards Search
Unlike fuel-economy standards, the most common method of reducing demand for oil over the past thirty years, a gas tax doesn't tell people what kind of car to drive. It simply raises the price of gasoline and lets people adjust their behavior accordingly. James Surowiecki
People Behavior Car Drive Past Thirty Unlike Adjust Tell Kind Price Simply Demand Over Most Reducing Method Years Accordingly Common Oil Tax Standards Lets Gas Gasoline Raises
Standards wars involve lots of variables, and understanding them often seems more an art than a science. They generally involve just two big players, and end in a winner-take-all situation. James Surowiecki
Art Science Big Understanding Situation Variables Seems More Generally Involve Lots End Than Often Just Them Standards Wars Players Two
The Internet has become a remarkable fount of economic and social innovation largely because it's been an archetypal level playing field, on which even sites with little or no money behind them - blogs, say, or Wikipedia - can become influential. James Surowiecki
Innovation Money Internet Become Field Wikipedia Say Archetypal Economic Remarkable Because Been Blogs Sites Behind Influential Which Little Social Them Even Largely Level Level Playing Field Playing Playing Field
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision. James Surowiecki
Food You Decision Will Value Everywhere Someone Give Always Ultimately Subjective Labor Currency Whether Fuel Assets
In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled. James Surowiecki
Struggle Value More Between Most Because Real Been Source Historically Won Labor Than Owned Controlled Often Capital Hard Companies Assets
Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest possible price. James Surowiecki
Capitalism Think Other Way Those Possible Must Critics Seek Price Consumer Deliver Consumers Part Like Most Make Around Sell Controlled Want Manipulated Them Lowest Who Companies Things
Pop music thrives on repetition. You know a song's a hit when you've heard it so often that you'll be happy never to hear it again. James Surowiecki
Music You Be Happy Happy Song Thrive Never Know Hear Heard Repetition Hit Often Again Pop Pop Music
For a crowd to be smart, the people in it need to be not only diverse in their perspectives but also, relatively speaking, independent of each other. In other words, you need people to be thinking for themselves, rather than following the lead of those around them. James Surowiecki
You People Words Smart Thinking Other Relatively Those Independent Following Diverse Rather Only Crowd Lead Also Around Than In Other Words Them Themselves Perspectives Speaking Each Need
Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them. James Surowiecki
People Sometimes Smart Circumstances Remarkably Smarter Smartest Than Them Even Groups Right
The desire for reinvention seems to arise most often when companies hear the siren call of synergy and start to expand beyond their core businesses. James Surowiecki
Synergy Seems Arise Beyond Most Call Hear Expand Siren Often Businesses Companies Reinvention Start Desire Core
Tough times have always lent themselves to nativist sentiments and closed-door policies. But in the case of highly skilled immigrants, these policies are a recipe for stagnation. James Surowiecki
Tough Times Tough Recipe Immigrants Case Highly Policies Always Times Stagnation Themselves Lent Sentiments Skilled
In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy. James Surowiecki
Depression Great Heart Made Collective Country Before Unions Great Depression Easier Collective Bargaining Something Joined Never Economy Industries Passage Wagner American Did Done Which Workers Across Act Bargaining Organized Union American Workers Millions
Academics, who work for long periods in a self-directed fashion, may be especially prone to putting things off: surveys suggest that the vast majority of college students procrastinate, and articles in the literature of procrastination often allude to the author's own problems with finishing the piece. James Surowiecki
Work Fashion Procrastination Problems College Long Own Prone College Students Finishing Vast Vast Majority Long Periods Students Putting Piece Academics Majority Periods Off Surveys Articles Author May Often Literature Procrastinate Who Things Suggest
In the auto industry, there's one thing you can always count on: if a new environmental or safety rule is proposed, executives will prophesy disaster. James Surowiecki
Environmental You Safety Will Rule One Thing Prophesy Proposed Count New Disaster Industry Executives Always Auto Auto Industry Thing
If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars. James Surowiecki
Success Business Car Computers Driving Being Biggest Using Company Guarantee
Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression. James Surowiecki
Depression Great World Long Great Depression Way Long Way Come Wall Wall Street Blown Apart Street
In conditions of uncertainty, humans, like other animals, herd together for protection. James Surowiecki
Together Protection Animals Herd Other Uncertainty Like Conditions Humans
Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries. James Surowiecki
You Together Innovation Poverty Become Fighting Small Economic Entrepreneurs Pursuits Glamorous Put Developing Developing Countries Countries Involves Around Making Least Chic Normally Just Poor Popular Downright Two Loans
Sometimes even a smart crowd will make a mistake. James Surowiecki
Mistake Sometimes Smart Will Crowd Make Even
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