additional pressure on Moscow will only increase. Determined to consolidate their control over the strategically and economically crucial Caucasus, the Islamists and their sponsoring states have already resolved to escalate their terroristic Jihad to achieve what no negotiations can deliver. And herein lies the quintessence of the grim prospects for the Caucasus.
If you don't own Gold, you know neither history nor economics.
We are becoming so accustomed to millions and billions of dollars that 'thousands' has almost passed out of the dictionary.
When you overpay small people you frighten them. They know that their merits or activities entitle them to no such sums as they are receiving. As a result their boss soars out of economic into magic significance.
America is very important economically. It's certainly, by far, the most important country in the world.
The bigger the world economy, the more powerful its smallest player.
When a war is waged by two opposing groups of robbers for the sake of deciding who shall have a freer hand to oppress more people, then the question of the origin of the war is of no real economic or political significance.
Here we have 40 million Russian citizens involved in the sphere of agriculture one way or another. This is very important.
I am convinced that if the market system were the result of deliberate human design, and if the people guided by the price changes understood that their decisions have significance far beyond their immediate aims, this mechanism would have been acclaimed as one of the greatest triumphs of the human mind.
Advertising does something important as a sector - culturally and especially economically
If we believe that the Bible is the inspired Word of God, then we shouldn't be recognizing it only as a book of historical and economic significance.
There is on the globe one single spot, the possessor of which is our natural and habitual enemy. It is New Orleans, through which the produce of three-eighths of our territory must pass to market, and from its fertility it will ere long yield more than half of our whole produce and contain more than half our inhabitants.
China is the world's largest lighting market. That should not be ignored lightly.
In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make.
What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists.
What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results.
Money really, really matters.
I could not cherish London and not value Jewish London. The contribution of Jews to London is immense - politically, economically, culturally, intellectually, philanthropically, artistically.
The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount.
In the time of Spanish rule, and for many years afterwards, the town of Sulaco--the luxuriant beauty of the orange gardens bears witness to its antiquity--had never been commercially anything more important than a coasting port with a fairly large local trade in ox-hides and indigo.
The Middle East would always be an important trading partner in just a market sense, like America is a big market for us, Asia is a big market, Europe is a big market. You are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow American point of view.
I believe that Detroit has a terrific geographic position. It still is a hub of one of the most important industries in the world. There's incredible engineering and other talent.
So prominent was the Jewish role in the foreign commerce of Europe that those nations that received the Jews gained and the countries that excluded them lost in the volume of international trade.
The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.
Money is the most important thing in the world. It represents health, strength, honor, generosity, and beauty as conspicuously as the want of it represents illness, weakness, disgrace, meanness, and ugliness.
