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306 Finance and economics Quotes

The real measure of your wealth is how much you'd be worth if you lost all your money.

Anonymous Quotes

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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 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.

Julian Simon Quotes

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The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.

Julian Simon Quotes

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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.

Ludwig von Mises Quotes

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Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays as compared with the past; the material goods that we now possess; the speed at which information, entertainment, and we ourselves move freely throughout the world - it seems to me that a person must be literally deaf and blind not to perceive that humanity is in a much better state than ever before.

Julian Simon Quotes

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I don't want to do business with those who don't make a profit, because they can't give the best service.

Lee Bristol Quotes

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Do not fear mistakes. You will know failure. Continue to reach out.

Robert Galvin Quotes

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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.

Jeffrey P. Davidson Quotes

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We are now in the third stage of the industrial revolution. The first involved machines which extended human muscle; the second used machines to extend the human nervous system (radio, television, telephones); the third is now utilizing machines which extend the human mind-computers. About half of all service workers (43 percent of the labor force by 2000) will be involved in collecting, analyzing, synthesizing, structuring, storing, or retrieving information... By 1995, 80 percent of all management will be "knowledge workers.".

Owen Davies Quotes

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The world does not pay for what a person knows, but it pays for what a person does with what he knows.

Laurence Lee Quotes

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If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the mantle of national interest is the last refuge of the economically dispossessed. In economic terms, pleading national interest is the declining cottage industry of those who have been bypassed by the global economy.

Kenichi Ohmae Quotes

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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".

Robert Heinlein Quotes

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What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.

Henry George Quotes

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The absolute fundamental aim is to make money out of satisfying customers.

Sir John Egan Quotes

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The greatest productive force is human selfishness.

Robert Heinlein Quotes

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Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.

Lord Rutherford Quotes

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The question is, then, do we try to make things easy on ourselves or do we try to make things easy on our customers, whoever they may be?.

Erwin Frand Quotes

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The five essential entrepreneurial skills for success: Concentration, Discrimination, Organization, Innovation and Communication.

Michael E. Gerber Quotes

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It's not your salary that makes you rich, it's your spending habits.

Charles A. Jaffe Quotes

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Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.

Ludwig von Mises Quotes

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Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.

Julian Simon Quotes

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There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work.

Edward Atkinson Quotes

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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

Laurence J. Peter Quotes

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More business is lost every year through neglect than through any other cause.

Jim Cathcart Quotes

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Sell cheap and tell the truth.

Rose Blumkin Quotes

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