Peter Drucker on business

The only thing we know about the future is that it is going to be different.

There is only one valid definition of a business purpose: to create a customer.

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.

The business of America is business.

Calvin Coolidge1872–1933Speech to the Society of American Newspaper Editors (1925).

• America

We demand that big business give the people a square deal; in return we must insist that when anyone engaged in big business honestly endeavors to do right he shall himself be given a square deal.

Theodore Roosevelt1858–1919Theodore Roosevelt — An Autobiography (1913), Appendix A

Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman1912–2006Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, 2002 edition, page 15

• Economics
• Freedom