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The "human condition" is always to push forward for the better and economics is the study of that process.
The "human condition" is always to push forward for the better and economics is the study of that process.
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to read more
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.
If your desires be endless, your cares and fears will be so too.
If your desires be endless, your cares and fears will be so too.
The highest use of capital is not to make more money, but to make money do more for the betterment read more
The highest use of capital is not to make more money, but to make money do more for the betterment of life.
If two men on a job agree all the time, then one is useless. If they disagree all the time, read more
If two men on a job agree all the time, then one is useless. If they disagree all the time, then both are useless.
Usually the greatest boasters are the smallest workers. The deep rivers pay a larger tribute to the sea than shallow read more
Usually the greatest boasters are the smallest workers. The deep rivers pay a larger tribute to the sea than shallow brooks, and yet empty themselves with less noise.
Everything starts with the customer.
Everything starts with the customer.
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.
Wealth maketh many friends. [Proverbs 19:4].
Wealth maketh many friends. [Proverbs 19:4].
