Ted Malloch quotes:

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  • Business is the real test of the moral life.

  • The free economy is not the enemy but the friend of social capital.

  • Profit doesn't appear as the goal but as a side effect of pursuing motivating principles.

  • Profitability is the consequence of doing business in the right way, to honor God.

  • Three cardinal virtues of business: creativity, building community, practical realism.

  • Capitalism is about the mutual creation of wealth rather than the pillaging of it.

  • The moral sentiments that constrain economic life also promote it.

  • An exercise of moral imagination helps companies further goals of its members.

  • Attempts to secure an equal outcome always require unequal treatment of individuals.

  • Caring for God's endowment in a thrifty fashion is a form of biblical obedience.

  • Discipline is the virtue that begins in obedience and flowers in self-control.

  • Faith engenders courage; and also requires it.

  • Leadership, in other words, is a matter of character, not goals.

  • Long-term success depends upon trust.

  • Myth: There's conflict between selfish free markets and a benevolent world of human sympathy.

  • Taking faith seriously leads to the utility of altruistic behavior.

  • The laws of economic life are subject to the eternal laws of spiritual capital.

  • There's such a thing as spiritual capital that has economic function and potential.

  • We prepare for success by acquiring virtues.

  • When people freely identify with their work and find themselves through it, excellence follows.

  • Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments , in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the "impartial spectator" which is forced on us by our moral nature.

  • Courage... is not a selfish attribute: it is only possible if you are pursuing a wider and more worthy goal.

  • In the new conditions created by the global economy, the information revolution and the growth of smart technologies, it is more necessary than ever for all companies to be guided by their rich spiritual inheritance, as spiritual enterprises.

  • Perhaps the most eloquent of the hard virtues is courage, the disposition to encounter adversity head-on and strive to overcome it.

  • Spiritual entrepreneurship is the unsung route to growth in the modern economy.

  • Success comes because you have found your ecological niche and can flourish by doing your own valuable thing.

  • The business virtue par excellence is honesty without it markets can't long survive.

  • When all benefits are promised by the state, nobody need feel grateful for them.

  • One runs a business ultimately to do well so you can do good for everyone.

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