“I largely agree with those that hold that Government should not in general interfere with the course of the economy merely on the strength of its own commercial judgment. If we cannot rely on the judgment of individual businessmen, taking their own risks, we have no future anyway.” IfsShouldGovernmentCoursesIndividualEconomyRiskJudgmentAgreeRelyInterfereBusinessman Author:John James Cowperthwaite
“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.” IfsBelieveMayLongSaidStillsGovernmentRunningIndividualDecisionPowerfulEconomyEconomicExerciseJudgmentMedicinePainfulHarmDebateFasterLong RunsMistakenBusinessmanI Still BelieveFree Economy Author:John James Cowperthwaite
“Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.” WorldYearsFirstsTwoWarWisdomCertainPoliticsEasyEconomyAmountHundredYears AgoIncreaseWar Of The WorldsLiberalismWorld War IiAdamWorld War IBusinessmanEconomistRigidityEasy Days Author:John Chamberlain
“Later, at Stanford University, I thought I'd become a lawyer or businessman, but my father came to me and said he thought there was a big future in the fine-wine business.” SaidBigsFatherEconomyFineWineUniversityLawyerBusinessmanStanfordFine WineStanford University Author:Robert Mondavi
“A capitalist economy hums when leading businessmen are bubbling with animal spirits and are prepared to sink their money into risky ventures.” SpiritAnimalEconomyPreparedCapitalistVentureBusinessmanCapitalist EconomyAnimal Spirits Author:Paul Johnson
“A sense of thrift is essential to success in business. The businessman must discipline himself to practice economy whenever possible, in his personal life as well as his business affairs.” WellsPracticeEconomyDisciplineEssentialsAffairBusiness SuccessBusinessmanPersonal LifeThrift Author:J. Paul Getty