Quotessence
Home / Quotes / Quote by Hendrith Smith

Quote by Hendrith Smith

“There isn’t much room for ego in leading a business. The business will experience the greatest success when the leaders and employees of the business focus less on self and more on pleasing customers.”

Quote by Hendrith Smith

Create image

Author

Hendrith Smith

Browse famous quotes and profile details for Hendrith Smith. more

You May Also Like

“There are some parts of society where free markets and capitalism are a very bad idea and socialism is more preferable. They include: (a) Law enforcement /policing and (b )Healthcare basics. When police are incentivized to criminalize and profit on criminalization, society decays. And when those responsible for our healthcare profit most from our sickness, society decays.”

Society QuotesPermaculture EconomyPermaculture Economics
Book:Principles of a Permaculture Economy
Create image

“Productivity is about turning valuable inputs into valuable outputs. Individual people are more productive when all the elements of the permaculture economy are at work in their lives. When individuals are productive, then businesses become productive. When businesses become productive, the nation becomes productive.”

South AfricaNigeriaPermaculture EconomyPermaculture EconomicsGhanaProductivity Quotes
Book:Principles of a Permaculture Economy
Create image

“Individual profits cause collective growth and prosperity. It is necessary for individual people, businesses, and companies to profit, in a Permaculture Economy where justice is maintained and fairly applied. Profits are earned when efficiency is mastered. With profits, individuals invest in (a) new and innovative means of production which will allow more profits, or (b) they use profits to buy products or services from other individuals who are also seeking profit by providing value. Profits also incentivize individuals to be productive to begin with. If there will be no profit in an activity, business or industry, then individuals will decline participation. Since profits are only possible when buyers are satisfied with the productivity of sellers, then it is also true that an individual's willingness to participate in an activity, business or industry is preceded by the buyers satisfaction which allows them to profit. So, when buyers decline participation it forces sellers to decline participation. Inversely, if profits are removed through force of price controls by the government, then sellers will decline participation which then causes buyers to decline participation.”

Hendrith SmithPermaculture EconomyPermaculture EconomicsEconomics Philosophy
Book:Principles of a Permaculture Economy
Create image

“The distribution of wealth and income is primarily the role and responsibility and freedom of individual people and businesses through their voluntary economic interaction with other people and businesses. And their voluntary exchange of economic value through products, services, and ideas. In this way, social mobility is maximized and a fluid class structure allows for both upward and downward economic movements; this is social justice.”

EconomyEconomistHendrith SmithPermaculture EconomyPermaculture EconomicsEconomics Philosophy
Book:Principles of a Permaculture Economy
Create image

“Substitution competition is a natural limit or control on prices. In a permaculture economy, every useful product or service in a market coexists with a variety of substitutes. There is a point to which monopolies become uneconomical/ unprofitable. Almost every product or service, or their inputs, may be used for a variety of purposes by a variety of consumers, If the price (a) causes there to be more or less consumption of (b) then a and b are substitutes. Substitution competition eventually causes monopolies to shrink or fail , or creates new market space which renders the previous monopoly relatively smaller in size and therefore not a monopoly in the context of the expanded economy”

Hendrith SmithPermaculture EconomyPermaculture EconomicsMarketEconomics PhilosophyPrice QuotesCompetition Quotes
Book:Principles of a Permaculture Economy
Create image

“Value is determined by individual buyers and sellers. There is no item or service which has a fixed or definite value. Because circumstances, scenarios, and objectives vary indefinitely; value also varies indefinitely. Peacoats are very valuable to people in Michigan, but have much less value to the residents of Texas. The reason why is simply because it gets much colder more often in Michigan than it does in Texas, and coats of any kind are rarely required in the warm climate of Texas. If a regulator were to say that sellers in Michigan can not sell peacoats for a higher price than they are sold in Texas, they would be perverting the market. Without price fixing, the price for peacoats would likely be higher in Michigan simply because the demand for that product is higher there. Value is subjective in the same way that needs are subjective”

AmericaPermaculture EconomyPermaculture EconomicsValue Quotes
Book:Principles of a Permaculture Economy
Create image