Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.
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In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense read more
In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense and the poets have long known -- that the essence of money is in its absolute worthlessness.
Emotions are your worst enemy in the stock market.
Emotions are your worst enemy in the stock market.
Above all, we wish to avoid having a dissatisfied customer. We consider our customers a part of our organization, and read more
Above all, we wish to avoid having a dissatisfied customer. We consider our customers a part of our organization, and we want them to feel free to make any criticism they see fit in regard to our merchandise or service. Sell practical, tested merchandise at reasonable profit, treat your customers like human beings -- and they will always come back.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
Show me the business man or institution not guided by sentiment and service; by the idea that "he profits most read more
Show me the business man or institution not guided by sentiment and service; by the idea that "he profits most who serves best" and I will show you a man or an outfit that is dead or dying.
My father taught me to work; he did not teach me to love it.
My father taught me to work; he did not teach me to love it.
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I read more
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
The trouble with being poor is that it takes up all your time.
The trouble with being poor is that it takes up all your time.
In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more read more
In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more or less free hand in the cultural field. By frustrating the scribe's craving for commanding action, the trader draws upon himself the scribe's wrath and scorn.
