Think Of Rewards Not Penalties
July 8, 2014 Leave a comment
The Significance Of Labour
July 8, 2014 Leave a comment
The division of labour has been the chief cause of improvement in the productiveness of labour. For instance, the making of a single pin involves eighteen separate operations, which are entrusted to eighteen separate workmen; and the result is, that whereas one man working alone could make perhaps only twenty pins in a day, several men working together, on the principle of division of labour, can make several thousands of pins per man in one day. Division of labour, in a highly developed state of society, is carried into almost every practical art; and its great benefits depend upon the increase of dexterity in each workman, upon the saving of time otherwise lost in passing from one kind of work to another and, finally, upon the use of many labour-saving machines.
This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom which foresees and intends the opulence to which it gives rise; it is rather the gradual result of the propensity in human nature to barter and exchange one thing for another. The power of exchanging their respective produce makes it possible for one man to produce only bread, and for another to produce only clothing.
The extent to which the division of labour can be carried is, therefore, limited by the extent of the market. There are some sorts of industry, even of the lowest kind, which can be carried on nowhere but in a great town–a porter, for example, cannot find employment and subsistence in a village. In the highlands of Scotland every farmer must be butcher, baker and brewer for his own family. Read more of this post
The Gospel Of Wealth
July 8, 2014 Leave a comment
I quote from the Gospel of Wealth published twenty-five years ago. This then is held to be the duty of the man of wealth. First: to set an example of modest, unostentatious living, shunning display; to provide moderately for the legitimate wants of those dependent upon him, and after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is strictly bound as a matter of duty, to administer in the manner which in his judgment is best calculated to produce the most beneficial results for the community.
The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Those who would administer wisely must indeed be wise. For one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy.
In bestowing charity, the main consideration should be to help those who help themselves. It provides part of the m Read more of this post
Do You Still Wish You Went To America?
July 7, 2014 3 Comments
Going to America is a big deal for middle class India………But is it all that it’s touted to be?
Here’s a calculator to play with:Link
Just enter your own Indian Net Worth,multiplied by 18,to adjust for purchasing power parity,and see where you stand in the American scheme of things.
If you have already spent awhile in America and are debating whether to stay,just enter your net worth in the calculator and check if  your position is any better than in your country of origin.
And if your urge to go to America arises from what your relatives and friends say,just enter their net worth in the calculator and check how well they are really doing……..Be sure to accurately figure in their indebtedness. Don’t make the mistake of simply converting Dollar incomes to Rupees and imagine them to be rich or judge hastily by their clothes or spending habits etc. Read more of this post
wealthymatters 