QuoteProject
The basic economic resource - the means of production -_x000D_ _x000D_ is no longer capital, nor natural resources, nor labor._x000D_ _x000D_ It is and will be knowledge.
Peter Drucker
ShareWTF𝕏

Interpretation

What this quote means

Knowledge is the most crucial resource for economic success.

In this quote, Peter Drucker emphasizes the fundamental shift in the economy where knowledge has become the cornerstone of production and progress, surpassing traditional resources like capital, labor, and natural elements. The quote suggests that in a knowledge-driven world, the capacity to innovate, understand, and leverage information is key to achieving economic growth and success.

Themes

KnowledgeEconomyProductionResourcesInnovation

In practice

Example use cases

In a speech about the future of work, this quote can highlight the importance of continuous learning.

More from Peter Drucker

The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
In the Western tradition, we have focused on teaching as a skill and forgotten what Socrates knew: teaching is a gift, learning is a skill.
Peter DruckerRead
We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
Peter DruckerRead
Unless commitment is made, there are only promises and hopes... but no plans.
Peter DruckerRead
The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron; for logic is essentially stupid.
Peter DruckerRead
Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
Peter DruckerRead

Similar quotes

That is the future, and it is probably nearer than we think. But our primary problem as universities is not engineering that future. We must rise above the obsession with quantity of information and speed of transmission, and recognize that the key issue for us is our ability to organize this information once it has been amassed - to assimilate it, find meaning in it, and assure its survival for use by generations to come.
Vartan GregorianRead
One of the main truths of all education is that if the young are not always right, the old are always wrong.
R. H. TawneyRead
Oddly enough, my favorite genre is not fiction. I'm attracted by primary sources that are relevant to historical questions of interest to me, by famous old books on philosophy or theology that I want to see with my own eyes, by essays on contemporary science, by the literatures of antiquity.
Marilynne RobinsonRead
For scholarship - if it is to be scholarship - requires, in addition to liberty, that the truth take precedence over all sectarian interests, including self-interest.
John PolanyiRead
Most students who take math classes aren't going to be mathematicians. They're going to be engineers, statisticians - in many ways, that's the more important mission of math education.
Terence TaoRead
And suddenly, I realized the system that I was in did not know what intelligence was, didn't know how to identify smart and not smart. They called me the best, when I knew I wasn't, and they called him the worst, when he was the best. I mean, there could be no more antipodal environment. So I began to question: What is intelligence? Who says? Who says you're smart? Who says you're not smart? And what do they mean by that?
Tony BuzanRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Peter Drucker | QuoteProject