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Scientific culture created a framework within which individual mobility was possible without threatening hierarchical work-force allocation. On the contrary, meritocracy reinforced hierarchy. Finally, meritocracy as an operation and scientific culture as an ideology created veils that hindered perception of the underlying operations of historical capitalism.
Sep 17, 2025
Sometimes just the tiniest allocation of time spent with a friend, imprints on your mind and gives you something to smile about for the rest of the week, month, or your life!
We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.
In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.
We know that by simply changing our allocation between stocks and bonds, we can lessen the amount of volatility in our portfolio until we reach our comfortable sleep level.
What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations.
It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis.
Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
On average, 90 percent of the variability of returns and 100 percent of the absolute level of return is explained by asset allocation.
This year, the United States renewed funding of reproductive healthcare through the United Nations Population Fund, and more funding is on the way. The U.S. Congress recently appropriated more than $648 million in foreign assistance to family planning and reproductive health programs worldwide. That's the largest allocation in more than a decade - since we last had a Democratic president, I might add.
Handicap: an allocation of strokes on one or more holes that permits two golfers of very different ability to do equally poorly on the same course.
Now with the allocation and the understanding of the lack of understanding, we enter into a new era of science in which we feel nothing more than so much so as to say that those within themselves, comporary or non-comporary, will figuratively figure into the folding of our non-understanding and our partial understanding to the networks of which we all draw our source and conclusions from.
A rentier is an investor whose relationship to a company or enterprise is strictly limited to the ownership of financial wealth (such as stocks or bonds) and the receipt of income on that wealth (such as dividends or interest). The financial system performs dismally at its advertised task, that of efficiently directing society's savings towards their optimal investment pursuits. The system is stupefyingly expensive, gives terrible signals for the allocation of capital, and has surprisingly little to do with real investment.
If everybody is rewarded just for being alive, you get the same sort of effect as you do when you reward every student just for being enrolled. You destroy not only education, you destroy society by giving A's to everyone. This is a philosophical consideration that bothers me very much as I sit in the United States Senate and see the great budget allocations going through.
I think it's pretty classic if you look at the way entertainment reflects the country's status. There was a reason in the '50s when communism was bubbling that there were a million zombie movies. Because that is the direct allocation. So for the last two years we've been hearing, "Make America great again." People go, "Well, America was never great." What do you mean? What you mean is that they want to look back in history. And so I think it's only natural for entertainment to reflect that.
The court has had to take a hard look at our resources and make difficult decisions balancing competing demands for resources. While our current allocation of resources to the Twin Peaks Court may not be ideal, it is an appropriate allocation when all factors are considered. While I realize this will be disappointing news to you, I can assure you the matter was given serious thought before a decision was made.
I get the sense many people are unsure about their digital media allocation. Even those who believe they are progressive in their thinking wonder if they have got it right.
The impresario functions as a bridge and a translator. He or she is a bridge between the creative point of view - which is often very focused on the creative task itself - and the resource-allocation process. The impresario has to make certain the funds and people required to get that task completed are available.
You need judgment, you need to utilize conventional resource-allocation analysis, you have to work backward from estimations of the market to the current investments and you have to do some benchmarking of your product and its potential against your competition.
The necessity for power is obvious, because life cannot be lived without order; but the allocation of power is arbitrary because all men are alike, or very nearly. Yet power must not seem to be arbitrarily allocated, because it will not then be recognized as power. Therefore prestige, which is illusion, is of the very essence of power.
I don't often know where my ideas come from. Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.
What you have in most education software is that they're catering to the decision-maker who makes the budget allocations, and that decision-maker has a lot of check boxes. Does it do this? Check. Does it do that? Check. They could care less about the end user experience.
It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.
What looks like resistance in many cases is rational responses to incentives and ingrained resource-allocation processes.
If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.
We didn't actually overspend our budget. The health Commission allocation simply fell short of our expenditure.
The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.
The tyranny of distance is such an important element of policy and the allocation of resources.
Have I ever remarked on how completely ridiculous it is to ask high school students to decide what they want to do with the rest of their lives and give them nearly no support in doing so? Support like, say, spending a day apiece watching twenty different jobs and then another week at their top three choices, with salary charts and projections and probabilities of graduating that subject given their test scores? The more so considering this is a central allocation question for the entire economy?
The conventional asset-allocation method is like sheet music. It is prescribed, it has right answers and wrong answers and it sounds about the same every time. But jamming is different. Jamming is when you make the music. When you improvise and adapt to conditions. When you are creative.
An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.
Mere allocation of huge sums of money for quality will not bring quality.
It's not about having a specific set time; both personal and professional lives are 24/7. It's simply, more about making the right allocation to each one and recognizing that it's going to be different every single day
Education is the most important thing you can have.
Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.
The resource allocation task of top management has received too much attention when compared to the task of resource leverage.
History shows you don't know what the future brings.
What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results.
You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.
The most important key to successful investing can be summed up in just two words-asset allocation.
All companies have many opportunities. Strategy is about allocation of resources and priorities.
Over the long term, despite significant drops from time to time, stocks (especially an intelligently selected stock portfolio) will be one of your best investment options. The trick is to GET to the long term. Think in terms of 5 years, 10 years and longer. Do your planning and asset allocation ahead of time. Choose a portion of your assets to invest in the stock market - and stick with it! Yes, the bad times will come, but over the truly long term, the good times will win out - and I hope the lessons from 2008 will help get you there to enjoy them.
The water trading mechanism where there are transparent trades of water allocations is one that is good for us to learn from because it does allow for the marketplace to procure water for the highest and most efficient uses with the highest value in agriculture. And that might be a good model for us.
Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning.
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.
The constant drive for campaign dollars has distorted decision-making in Washington, DC, to the point where our systems can no longer effectively address complex, long-term problems like the climate crisis. Which brings me to my other major concern - the short-term focus of capitalism. It distorts the allocation of resources and the decision-making processes of companies.
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
I assume, gladly, that in the allocation to America of remarkable leaders like Thomas Jefferson, George Washington, and Abraham Lincoln, the Lord was just as careful. After all, if you've got only one Abraham Lincoln, you'd better put him in that point in history when he's most needed-much as some of us might like to have him now.