Computer Quote by Jacques Delors
“The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.”
About This Quote
Source Report: European Economic Review, 1995
The market efficiently processes information, making it the foundation of the European social‑economic system.
In simple terms: Markets excel at information processing.
Key Takeaway
Trust market mechanisms in policy design.
Themes
economics
market efficiency
policy design
Mood
analytical
critical
Type
policy
economic
When to use this quote
- tax policy
- regulatory reform
- social welfare programs
Key Concepts
information theory
social democracy
Questions to Reflect On
- How can markets be guided to ensure fairness?
- What safeguards protect against market failures?
A Different Perspective
Markets may overlook equity concerns.
