Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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Economics is first and foremost about the thoughts leading up to choice.
Economics is first and foremost about the thoughts leading up to choice.
The worst crime against working people is a company which fails to operate at a profit.
The worst crime against working people is a company which fails to operate at a profit.
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.
Wealth, howsoever got, in England makes lords of mechanics, gentlemen of rakes; Antiquity and birth are needless here; 'Tis impudence read more
Wealth, howsoever got, in England makes lords of mechanics, gentlemen of rakes; Antiquity and birth are needless here; 'Tis impudence and money makes a peer.
The fortune which nobody sees makes a person happy and unenvied.
The fortune which nobody sees makes a person happy and unenvied.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
If you're not serving the customer, you'd better be serving someone who is.
If you're not serving the customer, you'd better be serving someone who is.
There are two things needed in these days; first, for rich men to find out how poor men live; and read more
There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work.
We may not be able to offer long-term employment, but we should try to offer long-term employability.
We may not be able to offer long-term employment, but we should try to offer long-term employability.
