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Economics is first and foremost about the thoughts leading up to choice.
Economics is first and foremost about the thoughts leading up to choice.
Anybody can cut prices, but it takes brains to produce a better article.
Anybody can cut prices, but it takes brains to produce a better article.
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.
He who lives by the crystal ball soon learns to eat ground glass.
He who lives by the crystal ball soon learns to eat ground glass.
He that maketh haste to be rich shall not be innocent. [Proverbs 28:20].
He that maketh haste to be rich shall not be innocent. [Proverbs 28:20].
Every day I get up and look through the Forbes list of the richest people in America. If I'm not read more
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.
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.
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never read more
This world is run with far too tight a rein for luck to interfere. Fortune sells her wares; she never gives them. In some form or other, we pay for her favors; or we go empty away.
...we see that there are two different kinds of...societies: (a) parasitic societies and (b) producing societies. The former are those read more
...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.
