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    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.

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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.

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  16  /  16  

Money doesn't talk, it swears.

Money doesn't talk, it swears.

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Competition on the market aims at assigning to every individual that function in the social system in which he can read more

Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.

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Wealth maketh many friends. [Proverbs 19:4].

Wealth maketh many friends. [Proverbs 19:4].

by Bible Found in: Finance and economics Quotes,
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

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Budgets are for cutting, that's why you set them.

Budgets are for cutting, that's why you set them.

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  24  /  24  

We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just read more

We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just stolen our philosophy.

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Hire the best. Pay them fairly. Communicate frequently. Provide challenges and rewards. Believe in them. Get out of their way read more

Hire the best. Pay them fairly. Communicate frequently. Provide challenges and rewards. Believe in them. Get out of their way and they'll knock your socks off.

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The difference between tax avoidance and tax evasion is the thickness of a prison wall.

The difference between tax avoidance and tax evasion is the thickness of a prison wall.

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