Without entrepreneurs, economies become poor and weak. The old will not exist, the new can't enter

A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change.

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage.

Major investment decisions have become too important to be left to the private sector.

If a group of people has no sense where they came from-it is difficult for them to have a sense where they should go.

AT&T invented the cellular telephone, but saw no future in it. It takes entrepreneurs, who are angels of destruction, to take advantage of things which the inventor cannot or does not see.

We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not.

Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets that he does not like.

I love New York, and I would love to try to live here for a while if I ever got the chance, but it's also extremely hectic. I don't think I would cope with that.

The Rose is without 'why'—she blooms because she blooms.

I've learned to dance with a hand in my pants.

You're not supposed to die with your potential. A life well lived squeezes all the potential placed within and does something with it.

Hang your merit. I don't seek anyone's approbation.

With some bands, there's a fear that if people do other things, the band is going to change and not hold it together. That's kind of sad; if you love someone, set them free, right?

Words are easy. It's convincing the heart that's hard.

Life is surely given us for higher purposes than to gather what our ancestors have wisely thrown away, and to learn what is of no value but because it has been forgotten.

How necessary it is at all times to watch against the attempted encroachment of power, and to prevent its running to excess.