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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You don't want to get the same kind of advice from everyone on your board.
You don't want to get the same kind of advice from everyone on your board.
I wake up every morning and thank God I’m not a chartered accountant any longer, but involved with property.
I wake up every morning and thank God I’m not a chartered accountant any longer, but involved with property.
In all recorded history there has not been one economist who has had to worry about where the next meal read more
In all recorded history there has not been one economist who has had to worry about where the next meal would come from.
It's the economy, stupid.
It's the economy, stupid.
The market is a place set apart where men may deceive each other.
The market is a place set apart where men may deceive each other.
If your outgo exceeds your income, then your upkeep will be your downfall.
If your outgo exceeds your income, then your upkeep will be your downfall.
It is impossible to understand the history of economic thought if one does not pay attention to the fact that read more
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors read more
Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors go bust.
