Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
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The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a read more
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect read more
Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems read more
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.
He who lives by the crystal ball soon learns to eat ground glass.
He who lives by the crystal ball soon learns to eat ground glass.
People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. read more
People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. It's a dreadfully unjust world.
I've got a living to make, to put it plainly; there's more money in shocking and terrifying than in edifying.
I've got a living to make, to put it plainly; there's more money in shocking and terrifying than in edifying.
I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I read more
I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.
Business is more exciting than any game.
Business is more exciting than any game.
