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activity adopt money-making advancement of mankind advantage aim at profits AIM IN BUSINESS attempt become discredited business enterprise business world buyer Caveat emptor concentration consider CREATING CAPITAL MONEY-MAKING creation of capital custom customary commodities demand dering service desires devotion dition earn and save economic necessity efforts endeavor ethics experience fixed income focusing of attention fourth day future golden rule gross profits hand high wages higher ideals increase individual ings involves conformity laborer level of prices living long run money-making aim natural selfishness ness nomic one's affairs output perhaps philanthropy place in business ples possible practice self-restraint price level principles production proper invest railroad real wages relatively expert responsibility risks rule save a surplus shiftless side sideration six days sordid speculation spend standard success surplus earnings tempted tends things tion to-day transactions wealth Weinstock wise worker young man starting
Page 36 - honesty is the best policy" and "do unto others as you would want others to do unto you" are two examples of instrumental value.
Page 26 - ... under-developed countries seeking to compress centuries of social experience into a single generation and to advance from the ox-cart to the steel-mill in a single leap. The passion for forced-draft modernization imposes on these nations an exceedingly difficult and tangible economic problem : that is, to produce as much as possible and consume as little as possible so there will be savings enough to maintain a high rate of capital investment. It imposes on them also a less tangible but equally...
Page 72 - ... capital. The economic reasoning as to the benefits of saving and accumulation of capital to the worker and to society in general is for the most part orthodox. Profits are regarded as the test of workableness and success of business efforts, the criterion of serviceability to mankind. The conclusion is that "thrift, the creation of capital for one's self and for the race, comes into conflict with no other proper aim in life, but on the contrary constitutes a fundamental duty to society, to the...