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    Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

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  15  /  20  

A rich man is nothing but a poor man with money.

A rich man is nothing but a poor man with money.

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A computer will not make a good manager out of a bad manager. It makes a good manager better faster read more

A computer will not make a good manager out of a bad manager. It makes a good manager better faster and a bad manager worse faster.

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The way to get things done is not to mind who gets the credit for doing them.

The way to get things done is not to mind who gets the credit for doing them.

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If your desires be endless, your cares and fears will be so too.

If your desires be endless, your cares and fears will be so too.

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  16  /  16  

Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.

Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.

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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.

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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information read more

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

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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.

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Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more

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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