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If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.
Charles Koch
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Charles Koch
Age: 89
Born: 1935
Born: November 1
Businessman
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Wichita
Kansas
Charles G. Koch
Charles de Ganahl Koch
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More quotes by Charles Koch
I don't have all the answers. I have a lot of questions. And I have some basic principles.
Charles Koch
I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.
Charles Koch
How do we make people's lives better unless we find the truth of what works and what doesn't?
Charles Koch
In America, the first thing we have to get rid of is entitlements for the wealthy, and at the same time, open up the economy to the disadvantaged.
Charles Koch
Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out.
Charles Koch
Just keep trying things, without really understanding the underlying fibers of well-being, or peace or civility, then you're just going to stumble from one disaster to another.
Charles Koch
The old idea that some genius pulls all of this stuff out of the air is ridiculous. As Ridley pointed out, the only way Edison could invent the lightbulb is because all the elements had been developed before. That's obvious it wasn't just his genius - 20 others developed it at the same time. And that's true for almost every invention and discovery.
Charles Koch
Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.
Charles Koch
We must measure what leads to results, not simply what is easy to measure.
Charles Koch
I'd like to see a rebirth of America - go back where there's equal rights for everybody and that people succeed to the extent that they help other people improve their lives. To lead toward a society that maximizes peace, civility, and well-being for everyone.
Charles Koch
My parents worked really hard at communicating other values they felt were important, such as integrity, courage, humility, treating others with dignity and respect, and having a thirst for knowledge.
Charles Koch
If you never failed, then you're probably not doing very much.
Charles Koch
Most power is power to coerce somebody. We don't have the power to coerce anybody.
Charles Koch
You'll remember Newton was furious at Leibniz, because he developed calculus at the same time. And he went to his death believing that he had copied him. And no, it's because all the elements were there, so it's almost inevitable that the next discovery - as long as people are free and allowed to experiment and try new things.
Charles Koch
In America, I think we just keep adding, and that's our problem. We almost never subtract. We keep adding these boondoggles, and these violations of the basic principles of equal rights - certain people have more rights than others - it's like Animal Farm. The pig says that we all have equal rights, but some have more rights than others.
Charles Koch
The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.
Charles Koch
We try to reward people according to the value they create, value they create in society and for the company.
Charles Koch
If somebody is doing more and more to make other people's lives better, have them make all they can, if that's what drives them, because that's what we want.
Charles Koch
I've always believed in the saying that there is no limit to what you can accomplish if you don't care who gets the credit.
Charles Koch
You can pay certain people more money and stuff but that's just going to be a transfer from one group to another. The only way people's wages are going to rise overall, or average median income is going to rise, is if you increase productivity.
Charles Koch