...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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Our job is not to set things right but to see them right.
Our job is not to set things right but to see them right.
In the midst of life we are in debt.
In the midst of life we are in debt.
If all the economists were laid end to end, they'd never reach a conclusion.
If all the economists were laid end to end, they'd never reach a conclusion.
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to read more
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.
The world does not pay for what a person knows, but it pays for what a person does with what read more
The world does not pay for what a person knows, but it pays for what a person does with what he knows.
The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with read more
The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with money-hating wolves like Lenin, Stalin, and Hitler, who in less than three decades killed or maimed nearly a hundred million men, women, and children and brought untold suffering to a large portion of mankind.
The rich are different from you and me because they have more credit.
The rich are different from you and me because they have more credit.
When your work speaks for itself, don't interrupt.
When your work speaks for itself, don't interrupt.
A bad forgery's the ultimate insult.
A bad forgery's the ultimate insult.
