People who originally have no means but are ultimately able to earn a great deal, through whatever talents they may possess, almost always come to think that these are permanent capital and that what they gain through them is interest. Accordingly, they do not put aside part of their earnings to form a permanent capital, but spend their money as fast as they earn it. But they are then often reduced to poverty because their earnings decrease or come to an end after their talent, which was of a transitory nature, is exhausted, as happens, for example, in the case of almost all the fine arts; or because it could be brought to bear only under a particular set of circumstances that has ceased to exist.
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E. Payne, trans. (1974) Vol. 1, p. 348Arthur Schopenhauer
» Arthur Schopenhauer - all quotes »
When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest.
Warren Buffett
People are treated for mental disorders, they go back to work and they earn wages again. We can see how their earnings go up. But how do they feel about themselves and the world? That has a value.
David Blanchflower
We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market,it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.
Karl Marx
Here’s the pay paradox that Why Men Earn More explains: Men earn more money, therefore men have more power; and men earn more money, therefore men have less power (earning more money as an obligation, not an option). The opposite is true for women: Women earn less money, therefore women have less power; and women earn less money, therefore women have more power (the option to raise children, or to not take a hazardous job).
Warren Farrell
Philosophy has been called the search for the Permanent amid the changing. With this account of philosophy there is no need to quarrel. But having accepted it, a distinction remains to be observed, a distinction of capital importance, which we are in constant danger of forgetting. It is one thing to find the Permanent; it is another thing to find a form of words in which the Permanent shall stand permanently expressed. It is one thing to experience something fixed and changeless; it is another thing to fix this something by a changeless definition. The first may be possible, while the second remains impossible for ever.
L. P. Jacks
Schopenhauer, Arthur
Schriver, Henry
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