You cannot get rich by dreaming or thinking positive thoughts. You can only succeed if you have something to give - in return you will naturally receive all the wealth you can handle. You can't get more out of the system than you actually put in. It's as simple as that.
Businessmen (and women) in any society in the world, talk obsessively about "making money". Leaving aside counterfeiters, only governments make money. The treasury prints the stuff and then declares it valuable (Someone, I think it was another Adam Smith, the 20th Century US "funny money" philosopher, actually George J W Goodman, who joked about money from the treasury, saying that a government is the only institution that can take a valuable commodity like paper and, by adding ink, make it into something worthless).
Nobody "makes money." You trade for it. You earn it.
To understand the economics of success further, Adam Smith introduced the idea of Exchangeable Products. In earning a living, dealing with others and sharing relationships, we are all responsible for doing or making something which we can call a "product."
The product need not be a thing. We can carry out a service. But there is still a SOMETHING at the end of it. A gardener may serve with knowledge and skill of horticulture (plants and crops); what he does, we can call "gardening." But his product would be stated slightly differently. His product might be flourishing healthy plants in an attractive fertile garden setting. You get the difference.
Society has become too complex for us to do everything we need to do for ourselves. So we each specialize and do what we are good at. In The Wealth of Nations Adam Smith called this the "division of labor".
By working together on a project, we can achieve many times the success of a single individual working alone. Cooperation is the key to success. What we each produce is our contribution to making all this work, by which we earn our place in society.
- Dr. Keith Scott-Mumby
Businessmen (and women) in any society in the world, talk obsessively about "making money". Leaving aside counterfeiters, only governments make money. The treasury prints the stuff and then declares it valuable (Someone, I think it was another Adam Smith, the 20th Century US "funny money" philosopher, actually George J W Goodman, who joked about money from the treasury, saying that a government is the only institution that can take a valuable commodity like paper and, by adding ink, make it into something worthless).
Nobody "makes money." You trade for it. You earn it.
To understand the economics of success further, Adam Smith introduced the idea of Exchangeable Products. In earning a living, dealing with others and sharing relationships, we are all responsible for doing or making something which we can call a "product."
The product need not be a thing. We can carry out a service. But there is still a SOMETHING at the end of it. A gardener may serve with knowledge and skill of horticulture (plants and crops); what he does, we can call "gardening." But his product would be stated slightly differently. His product might be flourishing healthy plants in an attractive fertile garden setting. You get the difference.
Society has become too complex for us to do everything we need to do for ourselves. So we each specialize and do what we are good at. In The Wealth of Nations Adam Smith called this the "division of labor".
By working together on a project, we can achieve many times the success of a single individual working alone. Cooperation is the key to success. What we each produce is our contribution to making all this work, by which we earn our place in society.
- Dr. Keith Scott-Mumby
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