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Michael Polanyi

"But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money."

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"But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money."

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Donna Grant

"To make dollars from cents you have to have sense."

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Personal Development

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Donna Grant

"A drunkard would not give money to sober people. He said they would only eat it, and buy clothes and send their children to school with it."

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Personal Development

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Donna Grant

"Instead of giving money to found colleges to promote learning, why don't they pass a constitutional amendment prohibiting anybody from learning anything? If it works as good as the Prohibition one did, why, in five years we would have the smartest race of people on earth."

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Personal Development

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Donna Grant

"The price we have to pay for money is sometimes liberty."

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Personal Development

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Donna Grant

"Nothing induces me to read a novel except when I have to make money by writing about it. I detest them."

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Personal Development

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Donna Grant

"To understand someone, find out how he spends his money."

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Personal Development

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Donna Grant

"Egoism and Money [Goddess of wealth; Lakshmi] are very much at odds [have great enmity]. There should be just enough egoism to accomplish one's work. Beyond that, any expanded egoism and money have great enmity. Money (Lakshmi) stays away from it."

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Personal Development

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Donna Grant

"Money cannot buy you love. But it sure can buy you things that some people will love you for having."

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Personal Development

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Donna Grant

"When a fellow says, "It ain't the money but the principle of the thing," it's the money."

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Donna Grant

"If advertisers spent the same amount of money on improving their products as they do on advertising then they wouldn't have to advertise them."

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Michael Polanyi
"My title is intended to suggest that the community of scientists is organized in a way which resembles certain features of a body politic and works according to economic principles similar to those by which the production of material goods is regulated."

Body

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Michael Polanyi
"I shall suggest, on the contrary, that all communication relies, to a noticeable extent on evoking knowledge that we cannot tell, and that all our knowledge of mental processes, like feelings or conscious intellectual activities, is based on a knowledge which we cannot tell."

Feelings

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Michael Polanyi
"Moreover, only a strong and united scientific opinion imposing the intrinsic value of scientific progress on society at large can elicit the support of scientific inquiry by the general public."

Society

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Michael Polanyi
"Admittedly, the body of scientists, as a whole, does uphold the authority of science over the lay public. It controls thereby also the process by which young men are trained to become members of the scientific profession."

Men

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Michael Polanyi
"Of course language manifests a belief only if we use its words with the implied acceptance of their appositeness."

Belief

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Michael Polanyi
"These maxims and the art of interpreting them may be said to constitute the premisses of science but I prefer to call them our scientific beliefs. These premisses or beliefs are embodied in a tradition, the tradition of science."

Art

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Michael Polanyi
"Admittedly, scientific authority is not distributed evenly throughout the body of scientists; some distinguished members of the profession predominate over others of a more junior standing."

Authority

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Michael Polanyi
"Human beings exercise responsibilities within a social setting and a framework of obligations which transcend the principle of intelligence."

Intelligence

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Michael Polanyi
"No inanimate object is ever fully determined by the laws of physics and chemistry."

Law

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Michael Polanyi
"I hold that the propositions embodied in natural science are not derived by any definite rule from the data of experience, and that they can neither be verified nor falsified by experience according to any definite rule."

Experience

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