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    ...we see that there are two different kinds of...societies: (a) parasitic societies and (b) producing societies. The former are those which live from hunting, fishing, or merely gleaning. By their economic activities they do not increase, but rather decrease, the amount of wealth in the world. The second kind of societies, producing societies, live by agricultural and pastoral activities. By these activities they seek to increase the amount of wealth in the world.

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  14  /  12  

People who work sitting down get paid more than people who work standing up.

People who work sitting down get paid more than people who work standing up.

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There is no expedient to which a man will not resort to avoid the real labor of thinking.

There is no expedient to which a man will not resort to avoid the real labor of thinking.

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The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion read more

The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.

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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.

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Save a little money each month and at the end of the year you'll be surprised at how little you read more

Save a little money each month and at the end of the year you'll be surprised at how little you have.

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Only the little people pay taxes.

Only the little people pay taxes.

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Value is not intrinsic; it is not in things. It is within us; it is the way in which man read more

Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.

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When you hire people that are smarter than you are, you prove you are smarter than they are.

When you hire people that are smarter than you are, you prove you are smarter than they are.

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Most important for us is a good spiritual relationship between employees and management.

Most important for us is a good spiritual relationship between employees and management.

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