“[A]dvancement of the human factor in industry… varies so much that unless we use measurement and abide by the results, there is no possibility of repeating the process accurately and efficiently at will, or of predicting and controlling the future conditions that assure that advancement.”

“Only human beings can look directly at something, have all the information they need to make an accurate prediction, perhaps even momentarily make the accurate prediction, and then say that it isn't so.”

“Prior work has shown an association between diversification strategy and profitability. This paper replicates that association using more recent and complete data and goes on to investigate the sources of the association. Theoretical arguments are advanced which predict the association which will remain once the effects of varying industry profitability are removed. Empirical tests verify this prediction and permit the discrimination between the effects of industry and diversification strategy on profitability.”

“Much of the process of socialization that took place in the past and that takes place today, is a process of using the control tactic of shaming so as to create the desired behavior that we want.”

“Promises are the uniquely human way of ordering the future, making it predictable and reliable to the extent that this is humanly possible.”

“We are the result of processes much more complicated than the small aspects of our lives and societies over which we have some control.”

“If adequate motivations could be assured, a far higher degree of efficiency could be maintained in socialized industries”

“If stability and efficiency required that there existed markets that extended infinitely far into the future — and these markets clearly did not exist — what assurance do we have of the stability and efficiency of the capitalist system?”

“It is the process that is godliness, not so much the end result. A godly man will involve himself in the process of being godly. For godliness is not so much a place we are going as it is the going itself.”

“As increased industrial efficiency makes it possible to procure the means of livelihood with less labor, the energies of the industrious members of the community are bent to the compassing of a higher result in conspicuous expenditure, rather than slackened to a more comfortable pace.”