Economics Quote by Peter Drucker

The basic economic resource - the means of production - is no longer capital, nor natural resources, nor labor. It is and will be…

— Peter Drucker

Knowledge has become the key resource of the world economy.

— Peter Drucker

Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.

— Peter Drucker

Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation...

— Peter Drucker

To ensure continuing prosperity in the global economy, nothing is more important than the development and application of knowledge and skills.

— Martin Rees

“The most important thing in industry is the person who does the industry, which is the worker…. Labor is the only source of wealth.…

— Eli Siegel

The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.

— Peter Drucker

Many countries today have begun the transition from an industrial wealth system and civilization to a knowledge-based system - without appreciating that a new…

— Alvin Toffler

Physical infrastructure remains important (particularly in developing nations), but concurrently investing in the development of a knowledge-based economy is essential to sustaining healthy economic…

— Khalid A. Al-Falih

One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may…

— Murray Rothbard

Knowledge is not simply another commodity. On the contrary. Knowledge is never used up. It increases by diffusion and grows by dispersion.

— Daniel J. Boorstin

The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and…

— Ludwig von Mises