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.
You May Also Like / View all maxioms
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never read more
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never gives them. In some form or other, we pay for her favors; or we go empty away.
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.
Money is a terrible master but an excellent servant.
Money is a terrible master but an excellent servant.
I get so tired listening to one million dollars here, one million dollars there, it's so petty.
I get so tired listening to one million dollars here, one million dollars there, it's so petty.
We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just read more
We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just stolen our philosophy.
Conducting your business in a socially responsible way is good business. It means that you can attract better employees and read more
Conducting your business in a socially responsible way is good business. It means that you can attract better employees and that customers will know what you stand for and like you for it.
Few women care to be laughed at and men not at all, except for large sums of money.
Few women care to be laughed at and men not at all, except for large sums of money.
The highest use of capital is not to make more money, but to make money do more for the betterment read more
The highest use of capital is not to make more money, but to make money do more for the betterment of life.
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.
