An institution is likely to be more searchingly appraised if attention is focused at the outset upon its faults rather than its virtues. - Neil H. Jacoby

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An institution is likely to be more searchingly appraised if attention is focused at the outset upon its faults rather than its virtues.

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About Neil H. Jacoby

Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.

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Alternative Names: Neil Herman Jacoby N. H. Jacoby
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Political payments by multinational companies in foreign nations have long been a pervasive practice; but a cultural taboo against discussion of the subject, combined with a lack of public information, has created a vacuum in public understanding.

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Even the population of business enterprises does not provide a comprehensive measure of ‘entrepreneurship’ in the United States because it excludes farmers, professionals, and other persons devoting at least part-time to selling their services in markets and who have neither an established place of business nor employees. A conservative estimate of the ‘entrepreneurial’ population is given by the number of individual income tax returns filed reporting income from self-employment. An estimated 11.1 million persons did so for 1968, one for each 18 persons in the United States.

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