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Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
Competition on the market aims at assigning to every individual that function in the social system in which he can read more
Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never read more
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never gives them. In some form or other, we pay for her favors; or we go empty away.
All mass movements avail themselves of action as a means of unification. The conflicts a mass movement seeks and incites read more
All mass movements avail themselves of action as a means of unification. The conflicts a mass movement seeks and incites serve not only to down its enemies but also to strip its followers of their distinct individuality and render them more soluble in the collective medium.
Ask five economists and you'll get five different answers (six if one went to Harvard).
Ask five economists and you'll get five different answers (six if one went to Harvard).
You can't run a business without taking risks.
You can't run a business without taking risks.
Commerce is the cure for the most destructive prejudices.
Commerce is the cure for the most destructive prejudices.
One rose says more than the dozen.
One rose says more than the dozen.
Money is something you got to make in case you don't die.
Money is something you got to make in case you don't die.