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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.
If you can run one business well, you can run any business well.
If you can run one business well, you can run any business well.
Money is better than poverty, if only for financial reasons.
Money is better than poverty, if only for financial reasons.
All mass movements avail themselves of action as a means of unification. The conflicts a mass movement seeks and incites read more
All mass movements avail themselves of action as a means of unification. The conflicts a mass movement seeks and incites serve not only to down its enemies but also to strip its followers of their distinct individuality and render them more soluble in the collective medium.
A gift blinds the wise and perverts the words of the righteous.
A gift blinds the wise and perverts the words of the righteous.
In all recorded history there has not been one economist who has had to worry about where the next meal read more
In all recorded history there has not been one economist who has had to worry about where the next meal would come from.
The manager with the in basket problem does not yet understand that he must discipline himself to take care of read more
The manager with the in basket problem does not yet understand that he must discipline himself to take care of activities that fail to excite him.
When you hire people that are smarter than you are, you prove you are smarter than they are.
When you hire people that are smarter than you are, you prove you are smarter than they are.
The market is a place set apart where men may deceive each other.
The market is a place set apart where men may deceive each other.
