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Our job in higher ed isn’t to identify a top 1 percent of people who are freakishly remarkable or who have rich parents, and turn them into a super class of billionaires. It’s to give the bottom 90 a chance to be in the top 10.
—Scott Galloway
Small Is Beautiful: Economics as if People Mattered (Harper Perennial Modern Thought)
E.F. Schumacher • 5 highlights
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Since practical ability differs from person to person, the majority of such abilities, in nearly all societies, is gathered in a minority of men. The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom pe
... See moreWill Durant • The Lessons of History
Very rarely does a person accumulate wealth without acquiring social skills.
Rabbi Daniel Lapin • Thou Shall Prosper: Ten Commandments for Making Money
David Brooks • How the Ivy League Broke America
George Stigler, a thirty-five-year-old economist at the University of Minnesota. Inflation had diluted the 40-cent minimum wage, and people were calling for an increase to 60 or even 75 cents an hour, which translates to $9.51 and $11.88 in June 2022 dollars. “Economists have not been very outspoken on this type of legislation,” Stigler wrote. “It
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