Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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A compromise is the art of dividing a cake in such a way that everyone believes that he has got read more
A compromise is the art of dividing a cake in such a way that everyone believes that he has got the biggest piece.
Get me inside any boardroom and I'll get any decision I want.
Get me inside any boardroom and I'll get any decision I want.
Value is not intrinsic; it is not in things. It is within us; it is the way in which man read more
Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.
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.
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).
The question is, then, do we try to make things easy on ourselves or do we try to make things read more
The question is, then, do we try to make things easy on ourselves or do we try to make things easy on our customers, whoever they may be?.
A rich man is nothing but a poor man with money.
A rich man is nothing but a poor man with money.
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their read more
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.
No one has a greater asset for his business than a man's pride in his work.
No one has a greater asset for his business than a man's pride in his work.
