Tag Archives: Capital

Thought For the Day: It Is A Capital Mistake To Theorize Before One Has Data

“It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts.” – Arthur Conan Doyle, physician and writer (22 May 1859-1930)      

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Thought For the Day: The Production of Wealth Is the Result of Agreement and Its Distribution …Will Follow the Law of Its Creation

“The production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.” – Leland Stanford (1824-1893)      

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Thought For the Day: The Great Dialectic In Our Time…Is Between Economic Enterprise and the State

“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.” – John Kenneth Galbraith (1908-2006)    

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