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Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to read more
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.
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.
When your work speaks for itself, don't interrupt.
When your work speaks for itself, don't interrupt.
The absolute fundamental aim is to make money out of satisfying customers.
The absolute fundamental aim is to make money out of satisfying customers.
Location, location, location.
Location, location, location.
A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often read more
A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often has no opportunity to exercise judgment.
The 1990s customer expects service to be characterized by fast and efficient computer-based systems.
The 1990s customer expects service to be characterized by fast and efficient computer-based systems.
What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us read more
What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.
It is surprising, in the welter of questions that one gets at (AGMs), how few actually relate to the performance read more
It is surprising, in the welter of questions that one gets at (AGMs), how few actually relate to the performance of the company, or the decisions taken by the board in particular areas.
