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Quote by Laurence J. Peter

Author

Laurence J. Peter
Laurence J. Peter

Laurence J. Peter was a renowned author and psychologist, best known for his book 'The Peter Principle'. This book introduced the Peter Principle, which states that in a hierarchy, every employee will eventually be promoted to a position they are unable to handle. more

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“The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is great; but the advantages of this law are also greater still than its cost- for it is to this law that we owe our wonderful material development, which brings improved conditions in its train.”