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My father taught me to work; he did not teach me to love it.
My father taught me to work; he did not teach me to love it.
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.
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.
Economics is first and foremost about the thoughts leading up to choice.
Economics is first and foremost about the thoughts leading up to choice.
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
The financial climate is the worst it's been in 25 years.
The financial climate is the worst it's been in 25 years.
The promise of yesterday are the taxes of today.
The promise of yesterday are the taxes of today.
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.
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.
