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American appears bear businesslike called capital capitalised carried charge circumstances civilised classes comes common commonly concern conduct continued corporation corporation finance cost counted countries course economic effect efficiency eighteenth century enterprise equal equipment established evident fact farmer force free income gain given govern ground habitually hand hold increase industrial arts intangible assets kind knowledge knowledge and belief larger law and custom least less Live margin material matter means measure mechanical ment mind modern point move nature necessary ordinary output owners ownership perhaps persons point of view practical present principles productive profitable question reasonable regards rest rule scheme securities self-help stand sufficiently taken tangible technological things thought tion trade traffic true turn underlying vested interests wealth whole
24 psl. - The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread'.
84 psl. - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes.
92 psl. - ... make money," not to produce goods. The production of goods is a mechanical process, incidental to the making of money; whereas the making of money is a pecuniary operation, carried on by bargain and sale, not by mechanical appliances and powers. The business men make use of the mechanical appliances and powers of the industrial system, but they make a pecuniary use of them.
160 psl. - So that the population of these civilised countries now falls into two main classes: those who own wealth invested in large holdings and who thereby control the conditions of life for the rest; and those who do not own wealth in sufficiently large holdings, and whose conditions of life are therefore controlled by these others.
163 psl. - It is more usual to speak of them as "the better classes," because they are in better circumstances and are better able to do as they like. Their place in the economic scheme of the civilised world is to consume the net product of the country's industry over cost, and so prevent a glut of the market. But this broad distinction between the kept classes and their vested interests on the one side and the common man on the other side is by no means hard and fast. There are many doubtful cases, and a...
96 psl. - Our people, moreover, do not wait to be coached and led. They know their own business, are quick and resourceful at every readjustment, definite in purpose, and selfreliant in action. Any leading strings we might seek to put them in would speedily become hopelessly tangled because they would pay no attention to them and go their own way.
9 psl. - ... character alien to the traditional point of view. It is, in other words, a case of obsolescence by displacement as well as by habitual disuse. This unsettling discipline that is brought to bear by workday experience is chiefly and most immediately the discipline exercised by the material conditions of life, the exigencies that beset men in their everyday dealings with the material means of life; inasmuch as these material facts are insistent and uncompromising. And the scope and method of knowledge...
86 psl. - Now, . . . the state of the industrial arts has at no time continued unchanged during the modern era; consequently other things have never remained the same; and in the long run the outcome has always been shaped by the disturbing causes.
103 psl. - ... held loosely as an informal vested interest, as, eg, merchantable good-will, are similarly entitled to the benefit of the common law which secures any owner in the usufruct of his property. To such effect have commonly been the findings of courts and boards of inquiry, of Public Utility Commissions, of such bodies as the Interstate Commerce Commission, the Federal Trade Commission, and latterly of divers recently installed agencies for the control of prices and output in behalf of the public...