Market Incentives Quotes

When it comes to trying to manage how our entire planet-wide market and all the people and businesses in it deal with nature and our natural resources - we first and foremost need to change the incentives.

I am one who believes that the market, properly incentivized, can consistently outperform government regulation on achieving objectives.

Government isn't there just to administer life support to failing markets. Without the government, many of those markets would not even exist.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

You know capitalism is this wonderful thing that motivates people, it causes wonderful inventions to be done. But in this area of diseases of the world at large, it's really let us down.

The answer for healthcare is market incentives, not healthcare by a Godzilla-sized government bureaucracy.

Competition is not only the basis of protection to the consumer, but is the incentive to progress.

I think things that contribute to the destruction of our free-incentive system are wrong. A trend against that free-incentive system is wrong, and should only be temporarily engaged in, in the event that war or something of that kind requires it. Otherwise, it should be reduced.

Though many corporations honor commitments to reduce dangerous pollution, some cut corners and cheat. The marketplace doesn't always have mechanisms to correct bad actors.

Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.

Free market economics is not enough .... a free market economy can only function in a cultural and moral environment that supports it

I do worry that as we try to fix this long-term debt and deficit situation that we don't destroy the market incentives for biomedical research. What I fear is the government using its considerable clout to say, 'Here's the price we're setting for your medicines.'

Open source production has shown us that world-class software, like Linux and Mozilla, can be created with neither the bureaucratic structure of the firm nor the incentives of the marketplace as we've known them.

The challenge here is to design a system where market incentives, including profits and recognition, drive those principles to do more for the poor. I like to call this idea creative capitalism, an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world's inequities.

If history judges society for how it treats those in need, so markets judge economies by the incentives they provide for private investment, the infrastructure that supports growth, and the burdens placed on job creation.

We in America count on the profit motive to get people to do the right thing. That's our basic American notion when it comes to business.

There is a huge body of business evidence now showing that energy savings give better service at lower cost with higher profit. We have to tear down barriers to successful markets and we have to create incentives to enter them.

Positive market incentives operating in the public interest are too few and far between, and are also up against a seemingly never-ending expansion of perverse incentives and lobbying.

In our view, the main role of the government in the green transition is to ensure a predictable framework and a level playing field for innovation, industry, and enterprise. And, most importantly, to provide clear direction.

Why do people benefit in inverse proportion to their need? Well, market incentives make that happen.

It is very clear that the present system of innovation for medicines is very inefficient and really somewhat corrupt. It benefits shareholders over patients; it produces for the rich markets and not for the poor and does not produce for minority diseases.

There are things that government can do to incentivize the free market to do a better job, yes. But is that a replacement for getting in the way, actively, of the fossil fuel industry and preventing them from destroying our chances of a future on a livable planet? It's not a replacement.