The Strategic Stimulus To Economic Development In

The Modern Mind Dislikes Gold Because It Blurts Out Unpleasant Truths.

We Always Plan Too Much And Always Think Too Little. We Resent A Call To Thinking And Hate Unfamiliar Argument That Does Not Tally With What We Already Believe Or Would Like To Believe.

Innovation Is The Market Introduction Of A Technical Or Organisational Novelty, Not Just Its Invention.

The Function Of Entrepreneurs Is To Reform Or Revolutionize The Pattern Of Production By Exploiting An Invention Or, More Generally, An Untried Technological Possibility For Producing A New Commodity Or Producing An Old One In A New Way, By Opening Up A New Source Of Supply Of Materials Or A New Outlet For Products, By Reorganizing An Industry And So On.

The Typical Citizen Drops Down To A Lower Level Of Mental Performance As Soon As He Enters The Political Field. He Argues And Analyzes In A Way Which He Would Readily Recognize As Infantile Within The Sphere Of His Real Interests. He Becomes Primitive Again.