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Who hath taken this counsel against Tyre, the crowning city,
whose merchants were princes, whose traffickers are the
read more
Who hath taken this counsel against Tyre, the crowning city,
whose merchants were princes, whose traffickers are the
honourable of the earth?
More business is lost every year through neglect than through any other cause.
More business is lost every year through neglect than through any other cause.
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.
It is only when the rich are sick that they fully feel the impotence of wealth.
It is only when the rich are sick that they fully feel the impotence of wealth.
Don't buy the house, buy the neighborhood.
Don't buy the house, buy the neighborhood.
The politicians don't just want your money. They want your soul. They want you to be worn down by taxes read more
The politicians don't just want your money. They want your soul. They want you to be worn down by taxes until you are dependent and helpless. When you subsidize poverty and failure, you get more of both.
Swear, food, or starve; for the dilemma's even;
A tradesman thou! and hope to go to heaven?
Swear, food, or starve; for the dilemma's even;
A tradesman thou! and hope to go to heaven?
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.
