“Business has only two functions — marketing and innovation.”

“If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices.”

“And concerning anything in this society involved in helping Negroes, the federal government shows an inability to function. But it can function in South Vietnam, in the Congo, in Berlin, and in other places where it has no business. But it can't function in Mississippi.”

“The paradox of innovation is that it is accepted as an innovation when it has become imitation.”

“The brain has only three functions: open, closed, or deprived.”

“Even the highest compensation is a tiny fraction of the value created by many business and technical innovations. The problem with executive compensation in the United States is not with this idea. The problem is that in many cases the high compensation levels persist even when innovations do not occur and reactions to the innovations of others are slow.”