Kevin Kelly: “Don’t ever work for someone you don’t want to become.” Via Arnold Kling, who adds: “My most succinct advice is: Work for a profit. Young people assign high status to non-profits and low status to profit-seeking firms. The should do the opposite. Profit-seeking firms are generally more sociotropic (the opposite of sociopathic) in two senses. Externally, a profit means that the value of what you provide to consumers exceeds the cost of the inputs that you use to provide it. Almost by definition, profits indicate social betterment. Internally, profit-seeking provides an incentive for employees to be treated well. The business needs to satisfy customers. In order to do that, it needs employees to be well trained, well supported, and well led. When employees are empowered to succeed, customers are satisfied. The businesses that thrive are those that encourage employee success.”
Karen Vaughn: “Market economies are about learning and change, not about achieving some equilibrium state….Markets are indeed “discovery procedures.” Actors are driven by competition to learn and experiment with new ways to satisfy consumer demands. Profit and loss are indicators of whether they are successful, and thus whether the innovation will persist. Hence, economic discovery leads to the growth of market institutions that codify the results of market discovery.” [via CafeHayek]
Chris Arnade: “While (walking) is certainly not the most efficient way to see a city, it is the most pleasant, insightful, and human. I don’t think you can know a place unless you walk it, because it isn’t about distance, but about content.” [via Shane Parish]
