Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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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.
Whenever you are asked if you can do a job, tell 'em, "Certainly, I can!" Then get busy and find read more
Whenever you are asked if you can do a job, tell 'em, "Certainly, I can!" Then get busy and find out how to do it.
He that is rich is wise.
He that is rich is wise.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
Each man is the smith of his own fortune.
Each man is the smith of his own fortune.
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand read more
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand what the customer is doing as well as he understands it. Then you build what he needs and you educate him to the fact that he needs it.
Commerce is the cure for the most destructive prejudices.
Commerce is the cure for the most destructive prejudices.
If money be not they servant, it will be thy master. The covetous man cannot so properly be said to read more
If money be not they servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him.
Money, the root of all evil...but the cure for all sadness.
Money, the root of all evil...but the cure for all sadness.
