James Surowiecki Quotes

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The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.

In order to work well, markets need a basic level of trust.

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Congressional Republicans themselves have vehemently defended the idea that preexisting conditions should not be used to deny people insurance.

Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve,...

Until the nineteen-seventies, Western countries paid little attention to corruption overseas, and bribery was seen as an unpleasant but necessary part of doing business there. In some European countries, businesses were even allowed to deduct bribes as an expense.

Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.

I started in business journalism from the outside, so when I started writing about markets and business, I was struck by the fact that markets seemed to work well even though people are often irrational, lack good information and are...

Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.

Linux is a complex example of the wisdom of crowds. It's a good example in the sense that it shows you can set people to work in a decentralized way - that is, without anyone really directing their efforts in...

Sometimes even a smart crowd will make a mistake.

The challenge for capitalism is that the things that breed trust also breed the environment for fraud.

Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil Company of New Jersey. These were name changes that worked. But for all the ones that...

Most corporate name changes are the result of mergers and acquisitions. But these tend to be unimaginative.

The desire for reinvention seems to arise most often when companies hear the siren call of synergy and start to expand beyond their core businesses.

The Xbox 360 is the best game console ever designed. It's fast and powerful - games look as good on the 360 as on high-end PCs that cost six times as much. It's easy to navigate and has lots of...

As technology improves, on-screen avatars look more and more like real people. When they start looking too real, though, we pull away. These almost-humans aren't quite right; they look creepy, like zombies.

Punk rock has never really had much patience with musical virtuosity. Actually, it'd be more accurate to say that for most of its history, punk has been actively hostile to virtuosity.

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