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    The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.

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It is impossible to understand the history of economic thought if one does not pay attention to the fact that read more

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It is almost as difficult to keep a first class person in a fourth class job, as it is to read more

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I've been promoted to middle management. I never thought I'd sink so low.

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The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.

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Budgets are for cutting, that's why you set them.

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The budget evolved from a management tool into an obstacle to management.

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Greed is all right, by the way I think greed is healthy. You can be greedy and still feel good read more

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