Maximizing Quotes
More Maximizing Quotes
The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity – the political allocation of wealth and opportunity – is not merely susceptible to corruption, it is corruption.”
George Will— Column, May 14, 2009, "Tincture of Lawlessness" at realclearpolitics.com.
But once we bring historical time into the argument, it is not so easy to present the free play of the market as an ideal mechanism for maximizing welfare and securing social justice.
joan robinson— Chapter IV, Increasing and Diminishing Returns, p. 63
Simplicity — the art of maximizing the amount of work not done — is essential.
— Principles behind the Agile Manifesto (2001)
The goal of maximizing the welfare of all may be better achieved by an ethic that accepts our inclinations and harnesses them so that, taken as a whole, the system works to everyone's advantage.
peter singer— Chapter 6, A New Understanding Of Ethics, p. 157
Simplicity the art of maximizing the amount of work not done is essential.
— Principles behind the Agile Manifesto (2001)
A great deal of study has been directed to denning 'best decisions,' particularly since the pioneering work of mathematical statisticians (such as Wald), of mathematicians (such as von Neumann), of economists (such as Arrow )... The main effect of this development on the practice of OR has been the growing realization that there are decision objectives other than maximizing expected return and minimizing maximum loss. That is, in many practical situations there are criteria of optimality that are more appropriate than these two mentioned.
— p. 270 (The development of operations research as a science, 1956)
Both from these scanty data and from an examination of the postulates of the economic models it appears probable that, however adaptive the behavior of organisms in learning and choice situations, this adaptiveness falls far short of the ideal of ‘maximizing’ postulated in economic theory. Evidently, organisms adapt well enough to‘satisfice’; theydo not, in general, ‘optimize’.
— Herbert A. Simon (1956) in “Rational Choice and the Structure of the Environment”, Psychological Review 63(2), p.129, quoted in “Bounded Rationality and Macroeconomics”
