...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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Ask five economists and you'll get five different answers (six if one went to Harvard).
Ask five economists and you'll get five different answers (six if one went to Harvard).
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
Corporations cannot commit treason, or be outlawed or excommunicated, for they have no souls.
Corporations cannot commit treason, or be outlawed or excommunicated, for they have no souls.
If you marry for money, you will surely earn it.
If you marry for money, you will surely earn it.
Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a read more
Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow...
I've been promoted to middle management. I never thought I'd sink so low.
I've been promoted to middle management. I never thought I'd sink so low.
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.
What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us read more
What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.
Make a customer, not a sale.
Make a customer, not a sale.
