The Sharper The Competition, The Better It

The Body Of Economic Knowledge Is An Essential Element In The Structure Of Human Civilization; It Is The Foundation Upon Which Modern Industrialism And All The Moral, Intellectual, Technological, And Therapeutical Achievements Of The Last Centuries Have Been Built.

The Real Bosses In The Capitalist System Of Market Economy Are The Consumers. They By Their Buying And By Their Abstention From Buying Decide Who Should Own The Capital And Run The Plants. They Determine What Should Be Produced And In What Quantity And Quality. Their Attitudes Result Either In Profit Or In Loss For The Enterpriser. They Make Poor Men Rich And Rich Men Poor. They Are No Easy Bosses.

What Makes Small Business Develop Into Big Business Is Not Spending, But Saving And Capital Accumulation.

Changes In Human Conditions Are Brought About By The Pioneering Of The Cleverest And Most Energetic Men. They Take The Lead And The Rest Of Mankind Follows Them Little By Little.

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.