The Prime Movers: Traits of the Great Wealth Creators - Book Information and Review

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 4

Last edited: 13 Dec 2008

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/586

Author: Edwin Locke

 

Publisher: AMACOM, 2000

 

 

Table of Contents

 

 

Chapter 1: The Creation of Wealth
Reason; Rights; Technology; The Relationship between Freedom and Wealth; Economic and Political Freedom; Prime Movers; The Traits; Conclusion

Chapter 2: Independent Vision
What Is Vision? Myopic Visions; The Danger of Experts; Visions as Evolutionary; Vision Communication; Independent Visions; Visionaries and Their Companies; Conclusion

Chapter 3: An Active Mind
Thinking; Volition; Reality; Intuition; Active Minds at Work; How Do Active Minds Go “Bad”? Conclusion

Chapter 4: Competence and Confidence
Competence and Learning; Confidence; Prime Abilities; Risk; Reaching Beyond One’s Grasp; Overconfidence; Fear of Failure; Conclusion

Chapter 5: The Drive to Action
Action; Prime Movers in Action; Actions Off Course; Drive; When Is Enough, Enough? Conclusion

Chapter 6: Egoistic Passion
Counterfeit Egoism; True (Rational) Egoism; Prime Movers at Work; Egoism and “The Public Interest”; The Prime Mover’s Attitude toward Himself; Passion and Reason; Conclusion

Chapter 7: Love of Ability in Others
Business and Friendship; Prime Movers as Ability Lovers; Falls from Grace; The Role of the Individual in an Age of Groupism; Conclusion

Chapter 8: Virtue
Values; Egoism; Rationality; Independence; Productiveness; Honesty; Integrity; Justice; Virtues as Guiding Corporate Principles: BB&T; The Evil of Initiating Force; Conclusion

Chapter 9: How to Make a Billion Dollars
Other Traits; Male and Female; Strategy; Management; The Success Quartet; Business and Religion; Giving Back; Antitrust; Inequality; Greed; Hatred of the Good

 

 

 

From

 

Review of John Allison is CEO of BB&T.

 

Dr. Locke sees a relatively small number of outstanding individuals who make a disproportionate contribution to human well-being.

My experience as a banker and CEO of a successful S&P 500 company supports this conclusion. Occasionally people get lucky, but 90 percent of the time, successful companies are created by powerful leaders.

The underlining ethics of communism is: From each according to his ability, to each according to his need.

 

The morality of capitalism is exactly the opposite: From each according to his ability; to each according to his productivity. The more you produce, the more you receive.

 

Capitalism is the system that allows Prime Movers to make their maximum contribution.

 

Source:

http://www.capmag.com/article.asp?id=624

 

 

Related Web Site

 

http://www.wealthcreator.com.au/