In such a volatile climate, change became one of the few constants upon which businessmen could rely. Economic survival often depended upon innovativ… - Butler D. Shaffer
" "In such a volatile climate, change became one of the few constants upon which businessmen could rely. Economic survival often depended upon innovative resiliency; firms with higher unit costs and prices had to either be- come more efficient or drop out of the race. Instability and turnover were continuing threats with which firms had to contend. The severity of the competitive struggle was best reflected in the automobile industry: of the 181 firms manufacturing cars at some time during the years 1903 to 1926, 83 remained in business as of 1922, while 20 managed to survive through 1938.
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About Butler D. Shaffer
Butler D. Shaffer (January 12, 1935 – December 29, 2019) was an American author, law professor and speaker, known for his numerous libertarian books and blog articles for LewRockwell.com.
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Additional quotes by Butler D. Shaffer
Almost all of us have been raised in the belief that political institutions are necessary to provide order and harmony in society. In fact, we have been taught that the political State is synonymous with society itself; that the political State energizes and organizes society, creates and protects human rights, and make economic and social life possible.
For our world to be predictable and controllable, it must be mechanistic and linear in nature. But, the illusions of the behaviorists to the contrary notwithstanding, there is nothing less mechanistic and linear in nature than the human mind, whose intricacies and capacities have yet to be matched by even the most sophisticated computers.
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