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.

Don't buy the house, buy the neighborhood.

Don't buy the house, buy the neighborhood.

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.

To kill a relative of whom you are tired is something. But to inherit his property afterwards, that is genuine read more

To kill a relative of whom you are tired is something. But to inherit his property afterwards, that is genuine pleasure.

The saddest thing I can imagine is to get used to luxury.

The saddest thing I can imagine is to get used to luxury.

Entrepreneurship is the last refuge of the trouble making individual.

Entrepreneurship is the last refuge of the trouble making individual.

The best inheritance a parent can give his children is a few minutes of his time each day.

The best inheritance a parent can give his children is a few minutes of his time each day.

In the midst of life we are in debt.

In the midst of life we are in debt.

All currency is neurotic currency.

All currency is neurotic currency.