When we speak of the commerce with our colonies, fiction lags
after truth, invention is unfruitful, and imagination cold read more

When we speak of the commerce with our colonies, fiction lags
after truth, invention is unfruitful, and imagination cold and
barren.

Why is there so much month left at the end of the money?

Why is there so much month left at the end of the money?

We don't want to push our ideas on to customers, we simply want to make what they want.

We don't want to push our ideas on to customers, we simply want to make what they want.

Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price read more

Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.

Every young man would do well to remember that all successful business stands on the foundation of morality.

Every young man would do well to remember that all successful business stands on the foundation of morality.

If you can build a business up big enough, it is respectable.

If you can build a business up big enough, it is respectable.

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.

As a manager the important thing is not what happens when you are there, but what happens when you are read more

As a manager the important thing is not what happens when you are there, but what happens when you are not there.

There is no time for cut-and-dried monotony. There is time for work. And time for love. That leaves no other read more

There is no time for cut-and-dried monotony. There is time for work. And time for love. That leaves no other time!