Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
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Why is there so much month left at the end of the money?
Why is there so much month left at the end of the money?
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.
We do not hear the term "compassionate" applied to business executives or entrepreneurs, certainly not when they are engaged in read more
We do not hear the term "compassionate" applied to business executives or entrepreneurs, certainly not when they are engaged in their normal work. Yet in terms of results in the measurable form of jobs created, lives enriched, communities built, living standards raised, and poverty healed, a handful of capitalists has done infinitely more for mankind than all the self-serving politicians, academics, social workers, and religionists who march under the banner of "compassion".
We live in a time of transition, an uneasy era which is likely to endure for the rest of this read more
We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
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.
My riches consist not in the extent of my possessions, but in the fewness of my wants.
My riches consist not in the extent of my possessions, but in the fewness of my wants.
What difference does it make how much you have? What you do not have amounts to much more.
What difference does it make how much you have? What you do not have amounts to much more.
I'm not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.
I'm not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.
Money doesn't talk, it swears.
Money doesn't talk, it swears.
