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Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, read more
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".
Conducting your business in a socially responsible way is good business. It means that you can attract better employees and read more
Conducting your business in a socially responsible way is good business. It means that you can attract better employees and that customers will know what you stand for and like you for it.
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the read more
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries.
...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.
Money doesn't talk, it swears.
Money doesn't talk, it swears.
When you want something, you have to be willing to pay your dues.
When you want something, you have to be willing to pay your dues.
Wealth maketh many friends. [Proverbs 19:4].
Wealth maketh many friends. [Proverbs 19:4].
My riches consist not in the extent of my possessions, but in the fewness of my wants.
My riches consist not in the extent of my possessions, but in the fewness of my wants.