Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".
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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.
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, read more
It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.
Managing directors are not paid to be busy, they are paid to think.
Managing directors are not paid to be busy, they are paid to think.
Goodwill is the one and only asset that competition cannot undersell or destroy.
Goodwill is the one and only asset that competition cannot undersell or destroy.
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.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
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.
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.
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is read more
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.
