Month: March 2020

Page 24

Looked at this way it becomes difficult to find the boundaries of an object.  An automobile melts into subsuming and interacting ideas of steel, rubber, gasoline; ideas of friction and compression; ideas of fleets of cars, tanks, and jeeps; ideas of vacations, business trips, and visits to friends.  An automobile is a system of ideas—ideas …

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Intellect vs. Intelligence

May 4th ~ Training the intellect does not result in intelligence.  Rather, intelligence comes into being when one acts in perfect harmony, both intellectually and emotionally.  There is a vast distinction between intellect and intelligence.  Intellect is merely thought functioning independently of emotion.  When intellect, irrespective of emotion, is trained in any particular direction, one …

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Page 21

On the contrary, “so far from being controlled by the market, the firm to the best of its ability has made the market subordinate to the goals of its planning.”  Galbraith is equally categorical when he says that profit maximization is no longer necessary. The second difference in management theory is exemplified in the writings …

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