A Quote by Tyler Cowen

Beethoven and Michelangelo, who sold their artworks for profit, were entrepreneurs and capitalists. — © Tyler Cowen
Beethoven and Michelangelo, who sold their artworks for profit, were entrepreneurs and capitalists.
In speaking of the capitalists who strive only for profit, only to get rich, I do not want to say that these are the most worthless people capable of doing nothing else. Many of them undoubtedly possess great organising talent, which I would not dream of denying. We Soviet people learn a lot from the capitalists. But if you mean people who are prepared to reconstruct the world, of course you will not be able to find them in the ranks of those who faithfully serve the cause of profit. ..The capitalist is riveted in profit and nothing can tear him away from it.
Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.
A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.
How fortunate for civilization, that Beethoven, Michelangelo, Galileo and Faraday were not required by law to attend schools where their total personalities would have been operated upon to make them learn acceptable ways of participating as members of "the group."
When the bright angel dominates, out comes a great work of art, a Michelangelo David or a Beethoven symphony.
Many entrepreneurs embrace profit-making and charitable purposes. Companies such as shoes seller Toms and eyeglass firm Warby Parker sell products at a profit with a pledge to devote part of their earnings to the needy. The number of for-profit businesses with a built-in charitable dimension has proliferated.
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
Rich dad went on to explain that the world was filled with different types of entrepreneurs. There are entrepreneurs who are big and small, rich and poor, honest and crooked, for-profit and not-for-profit, saint and sinner, small town and international, and successes and failures. He said, "The word entrepreneur is a big word and it means different things to different people."
We're supposed to live under capitalism, and capitalism is supposed to be competitive so you would expect that capitalists and entrepreneurs would like competition. Well, it turns out that capitalists do everything they can to avoid competition.
If a person sweeps streets for a living, he should sweep them as Michelangelo painted, as Beethoven composed, as Shakespear wrote.
Perhaps the most extraordinary characteristic of current America is the attempt to reduce life to buying and selling. Life is not love unless love is sex and bought and sold. Life is not knowledge save knowledge of technique, of science for destruction. Life is not beauty except beauty for sale. Life is not art unless its price is high and it is sold for profit. All life is production for profit, and for what is profit but for buying and selling again?
Between 1958 and 1963, I sold about 40 million records - to the shock of my mother and father because I was always playing Beethoven. But I bought my mother a mink stole. She was very happy, and she said, 'I think this is better than Beethoven.'
Increasingly, I'm inspired by entrepreneurs who run nonprofit organizations that fund themselves, or for-profit organizations that achieve social missions while turning a profit.
There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
What do we teach our children? . . . We should say to each of them: Do you know what you are? You are a marvel. You are unique . . . You may become a Shakespeare, a Michelangelo, a Beethoven. You have the capacity for anything.
I was told I had to go to business school to succeed. I gave it a shot, but eventually dropped out to bootstrap a restaurant with just a Visa card and a $20,000 line of credit. Everyone told me restaurants were hard work (and they were right! I have so much respect for anyone in the restaurant business). I ran the restaurant for two years, sold a franchise, decided to change paths, and sold the whole operation at a modest profit.
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