"A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organising additional transactions within the firm may rise."

--

Source : "The nature of the firm" by Ronald Coase in Economica, Volume 4, No. 16 (p. 393), onlinelibrary.wiley.com. November 1937.

Ronald Coase

#Entrepreneur Quotes #Cost Quotes #May Quotes

“There is no limit to desire but desire's needs.”
“Publishing has gone very middlebrow. It's turned its back on legacy of modernism and gone into a humanist mode. When people go through art school they are exposed to the history of the avant-garde, and there's a general understanding that what you're doing as an artist is to a large extent, not just regurgitating that history, but engaging with it. There's this denial of that in the mainstream publishing world.”
“One to a customer was the rule: one body; one mind; one swing through life. - Tempus”

Source : Janet Morris (2011). “Tempus with His Right-Side Companion Niko”, p.56, Paradise Publishing
“I want to be a force for real good. In other words, I know there are bad forces. You know, I know that there are forces out here that bring suffering to others and misery to the world, but I want to be the opposite force. I want to be the force which is truly for good.”
“America was still a land of wonder. The ancient spell still hung unbroken over the wild, vast world of mystery beyond the sea,-a land of romance, adventure, and gold.”

Source : Francis Parkman, David Levin (1983). “France and England in North America: Pioneers of France in the New World. The Jesuits of North America in the seventeenth century. La Salle and the discovery of the Great West. The old régime in Canada”, p.43, Library of America
“It is better to be a human being dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied. And if the fool, or the pig, are of a different opinion, it is because they only know their own side of the question.”
“Most of our difficulties, our hopes, and our worries are empty fantasies. Nothing has ever existed except this moment. That's all there is. That's all we are. Yet most human beings spend 50 to 90 percent or more of their time in their imagination, living in fantasy. We think about what has happened to us, what might have happened, how we feel about it, how we should be different, how others should be different, how it's all a shame, and on and on; it's all fantasy, all imagination. Memory is imagination. Every memory that we stick to devastates our life.”
“Art is man's refuge from adversity.”

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