Power Quotes

"Markets are tools, not destinies. We get to choose how we shape them."

"Power concentrated in few hands is antithetical to sustainable development."

"Markets function best when participants understand they are observed, even if imperfectly."

"Asymmetric information creates rents for those who understand it and risks for those who do not."

"Information is power only when it can be acted upon."

"Power in markets flows to those who understand incentives best."

"The power of incentives lies in their ability to align individual and collective good."

"Power without compassion is merely violence with a different name."

"The power of defaults cannot be overstated."

"The power of suggestion is vastly underestimated."

"Monopoly power, when unchecked, tends to corrupt both markets and the political process."

"Regulation should be minimalist but decisive in addressing genuine market failures."

"The distribution of bargaining power in supply chains affects outcomes as much as competitive forces."

"Power, when distributed widely, is less corrupting than when concentrated."

"Power exercised with restraint creates order that lasts."

"Power without responsibility is tyranny."

"We tend to think markets are natural, but they are constructions—and we can build better ones."

"The real power is not in controlling people, but in creating conditions where they want to do what you need."

"Information is power in economic transactions and market relationships."

"The distribution of bargaining power is often hidden behind market prices."

"Give power to the people, not just to the corporations."

"The most powerful force is a shift in thinking."

"We have the power to change the system."

"An individual's private information is often their greatest asset."

"The structure of institutions matters profoundly for outcomes."

"Strategic interaction is the norm, not the exception, in economic life."

"The most powerful incentives are often invisible to those responding to them."

"Institutions matter because they shape the incentives that shape behavior."

"Power imbalances cannot be fixed by telling the powerless to work harder."

"Power resides only in people's belief."