The first thing a man will do for his ideals is lie.

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the genesis of the modern Lounge Suit.

To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.

Innovation is the market introduction of a technical or organisational novelty, not just its invention.

It is however always important to remember that the ability to see things in their correct perspective may be, and often is, divorced from the ability to reason correctly and vice versa. That is why a man may be a very good theorist and yet talk absolute nonsense.

At the heart of capitalism is creative destruction.