In the long run all producers are forced to use the most efficient methods or give place to others who do.
Frank KnightAbout author
- Author's profession: Economist
- Nationality: american
- Born: November 7, 1885
- Died: April 15, 1972
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History with its flickering lamp stumbles along the trail of the past, trying to reconstruct its scenes, to revive its echoes, and kindle with pale gleams the passion of former days. What is the worth of all this? The only guide to a man is his conscience; the only shield to his memory is the rectitude and sincerity of his actions. It is very imprudent to walk through life without this shield, because we are so often mocked by the failure of our hopes and the upsetting of our calculations;...
Winston Churchill