“Although everyone does benefit from lower-priced goods and services, p...” — Michael Spence Quote

“Although everyone does benefit from lower-priced goods and services, people also care greatly about the chance to be productively employed and the quality of their work. Declining employment opportunities feel real and immediate; the rise in real incomes brought by lower prices does not.”

“All countries will eventually need to rebuild their growth models around digital technologies and the human capital that supports their deployment and expansion.”

“One way to measure the size of a company, industry, or economy is to determine its output. But a better way is to determine its added value - namely, the difference between the value of its outputs, that is, the goods and services it produces, and the costs of its inputs, such as the raw materials and energy it consumes.”

“I think that the benefit of playing someone like Queen Elizabeth is that so much has been written about her, and there's so much speculation about her - was she a hermaphrodite? She's so mythologised, and there are a lot of images of her.”

“The value of small business contracting is indisputable. These firms bring healthy competition to the federal market to drive down prices. They are our nation's innovators and job creators, and securing a federal contract helps them grow and offers more benefit to the economy.”