The herd instinct among forecasters makes sheep look like independent thinkers.

The herd instinct among forecasters makes sheep look like independent thinkers.

The principles applied in economic processes are general social principles.

The principles applied in economic processes are general social principles.

The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for read more

The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.

You read a book from beginning to end. You run a business the opposite way. You start with the end, read more

You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it.

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.

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.

The increase in the world's population represents our victory against death...

The increase in the world's population represents our victory against death...

My father taught me to work; he did not teach me to love it.

My father taught me to work; he did not teach me to love it.

Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.

Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.