“In addition, profits are so completely subordinated in Germany and Italy to requirements of a militarily conceived national interest and of full employment that the maintenance of the profit principle is purely theoretical. Profits have lost their autonomy as an independent, not to say the supreme, goal of economic activity.”
Source: 1930s- 1950s, The End of Economic Man (1939), p. 149
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Peter F. Drucker180
American business consultant 1909–2005Related quotes
Peter F. Drucker (1909–2005) American business consultant
Source: 1930s- 1950s, The End of Economic Man (1939), p. 150
“Profit doesn’t appear as the goal but as a side effect of pursuing motivating principles.”
Ted Malloch (1952) American businessman
Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 3.
Randal Marlin (1938) Canadian academic
Source: Propaganda & The Ethics Of Persuasion (2002), Chapter One, Why Study Propaganda?, p. 39
Herbert A. Simon (1916–2001) American political scientist, economist, sociologist, and psychologist
Simon (1991) "Organizations and Markets:" in: Journal of Economic Perspectives. 5 (2 Spring 1991): p. 28.
1980s and later
Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)
1920s, Ways to Peace (1926)
Edward Bellamy (1850–1898) American author and socialist
Source: Looking Backward, 2000-1887 http://www.gutenberg.org/ebooks/25439 (1888), Ch. 5.
“Profit, rent, and interest would be no more.”
Robert Hunter (author) (1874–1942) American sociologist, author, golf course architect
Source: Why We Fail as Christians (1919), p. 74-75
Context: Associated production would be rendered impossible. Profit, rent, and interest would be no more. There would be no diversified division of labor. Cities and industrial communities would dwindle and disappear. Society as a whole would return... to the actual poverty of an agricultural and handicraft age. A community of Indians in America before the invasion of the whites had as much social organization as Tolstoy seems to have felt necessary for mankind. "The Anarchists are right in everything..." he writes, except "only in thinking that Anarchy can be instituted by a revolution." The entire world would be broken into atoms—each an individualist standing alone.
Julian Jaynes book The Origin of Consciousness in the Breakdown of the Bicameral Mind
Book II, Chapter 3, p. 210 (See also: Karl Polanyi)
The Origin of Consciousness in the Breakdown of the Bicameral Mind (1976)
Context: Such trade was not, however, a true market. There were no prices under the pressures of supply and demand, no buying and selling, and no money. It was trade in the sense of equivalences established by divine decree. There is a complete lack of reference to business profits or loss in any of the cuneiform tablets that have been so far translated.