When the group or a civilization declines, it is through no mystic limitation of a corporate life, but through the failure of its political or intellectual leaders to meet the challenges of change. Please follow and like us:0

The Wealth of Nations

Adam Smith, The Wealth of Nations (1776)

“The directors of such [joint-stock] companies, however, being the managers rather of other people’s money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.” Please follow and like us:0

economic machine

Ray Dalio explain how the economic machine works

Transactions are the economy The economy is made up of millions of transactions between people, government and businesses. When we exchange money or credit with someone for goods, services or financial assets, a transaction is created. The action of spending drives the economy – one person’s spending is another person’s income. Credit is important and […]