A Quote by Joseph A. Schumpeter
In economic life competition is never completely lacking, but hardly ever is it perfect.
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Beauty and happiness and life are all the same and they are pervasive, unattached and abstract and they are our only concern. They are immeasurable, completely lacking in substance. They are perfect and sublime. This is the subject matter of art.
Bad language or abuse, I never, never use, Whatever the emergency; Though 'Bother it' I may Occasionally say, I never use a big, big D : What, never? : No, never! : What never? : Well, hardly ever! : Hardly ever swears a big, big D Then give three cheers, and one cheer more, For the well-bred Captain of the Pinafore!
Under perfect competition, in the long run no company makes an economic profit.
I am the Captain of the Pinafore ; And a right good captain too! . . . . And I'm never, never sick at sea! What, never? No, never! What never? Hardly ever! He's hardly ever sick at sea! Then give three cheers, and one cheer more, For the hardy Captain of the Pinafore!
The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.
The assumption that everything past is preserved holds good even in mental life only on condition that the organ of the mind has remained intact and that its tissues have not been damaged by trauma or inflammation. But destructive influences which can be compared to causes of illness like these are never lacking in the history of a city, even if it has had a less chequered past than Rome, and even if, like London, it has hardly ever suffered from the visitations of an enemy.
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
We all know of course, that we should never ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever fiddle around in any way with electrical equipment. NEVER.
When we hear (as we sometimes do) that (Russia's) economic output is about half the level of a decade ago or that real incomes have fallen sharply, it is worth recalling that economic statistics under the Soviet Union were hardly more reliable than any other official statements. Moreover, a country that produces what no one wants to buy, and whose workers receive wages that they cannot use to buy goods they want, is hardly in the best of economic health.
The perfect family doesn't exist, nor is there a perfect husband or a perfect wife, and let's not talk about the perfect mother-in-law! It's just us sinners. A healthy family life requires frequent use of three phrases: "May I? Thank you, and I'm sorry" and "never, never, never end the day without making peace."
I think I'm absolutely perfect. Because if I'm not good at something I completely banish it from my mind. Completely. Like it never happened.
Old age tells us that we ourselves have failed often, have never really done anything completely right, have never truly been perfect - anad that is completely all right. We are who we are - and so is everyone else.
Man, at his best, remains a sort of one-lunged animal, never completely rounded and perfect, as a cockroach, say, is perfect.
It would clearly not be an improvement to build all houses exactly alike in order to create a perfect market for houses, and the same is true of most other fields where differences between the individual products prevent competition from ever being perfect.
The disappointment has come - not because God desires to hurt you or make you miserable or to demoralize you or ruin your life or keep you from ever knowing happiness. He wants you to be perfect and complete in every aspect, lacking nothing. It's not the easy times that make you more like Jesus, but the hard times.
Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.
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