Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow...
In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense read more
In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense and the poets have long known -- that the essence of money is in its absolute worthlessness.
A compromise is the art of dividing a cake in such a way that everyone believes that he has got read more
A compromise is the art of dividing a cake in such a way that everyone believes that he has got the biggest piece.
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.
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The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.
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We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand out, to self-promote. If you do, you're going to get the nod over some co-worker.
The business that considers itself immune to the necessity for advertising sooner or later finds itself immune to business.
The business that considers itself immune to the necessity for advertising sooner or later finds itself immune to business.
He that is rich is wise.
He that is rich is wise.
The way to get things done is not to mind who gets the credit for doing them.
The way to get things done is not to mind who gets the credit for doing them.
