“Economics” by Aristotle

The Use of Currency in Raising Revenue The people of Clazomenae, owing their mercenaries twenty talents of pay and being unable to find it, they struck an iron coinage of twenty talents, bearing the face-value of the silver. This they distributed proportionately among the wealthiest citizens, and received from them silver to the same amount. Through this expedient, the private citizens possessed a currency which … Continue reading “Economics” by Aristotle

“Lives of the Noble Grecians and Romans I” by Plutarch

The Laws of Lycurgus Long before Adam Smith developed the idea that commerce was necessary for the accumulation of wealth, Lycurgus, the legendary Spartan lawgiver, had used this principle to curb the avarice of his countrymen, and laid down a constitution for one of the most eminent commonwealths in the ancient world. The Spartan Constitution, according to Plutarch, was also the model for Plato’s Republic, … Continue reading “Lives of the Noble Grecians and Romans I” by Plutarch

“Economics” by Xenophon

The word economics is derived from Greek roots meaning literally “household management”. Praise of Husbandry For the pursuit of [husbandry] is in some sense a luxury as well as a means of increasing one’s estate and of training the body in all that a free man should be able to do. For, in the first place, the earth yields to cultivators the food by which … Continue reading “Economics” by Xenophon

“On the Significance of Science and Art” by Leo Tolstoy

Ever since men have been in existence, they have been in the habit of deducing, from all pursuits, the expressions of various branches of learning concerning the destiny and the welfare of man, and the expression of this knowledge has been art in the strict sense of the word. Ever since men have existed, there have been those who were peculiarly sensitive and responsive to … Continue reading “On the Significance of Science and Art” by Leo Tolstoy

“Losing My Virginity” by Richard Branson

The subtitle of the original version reads, “How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way”. Branson certainly delivered the goods. I can’t imagine anybody else having more fun doing business than he has. He described his strategies and adventures in such a straightforward and engaging manner, that I’m convinced this is how all business should be done. Life is a … Continue reading “Losing My Virginity” by Richard Branson

“Blue Ocean Strategy” by W. Chan Kim

This book is more about business philosophy than about strategy. The basic concept is simple: Instead of focusing on the technological, operational aspects of the business, or even the final products, rather focus on what type of service you’ll be providing, how does it meet the customers’ needs, and wants and how can you streamline your business to provide more value to the customers (in … Continue reading “Blue Ocean Strategy” by W. Chan Kim