Lords of Industry

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G.P. Putnam's sons, 1910 - Social problems - 355 pages
 

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Page 290 - The rights and interests of the laboring man will be protected and cared for, not by the labor agitators, but by the Christian men to whom God in His infinite wisdom has given control of the property interests of the country.
Page 117 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Page 49 - I said in my last paper that nothing in history had ever been so disgraceful to human intellect as the acceptance among us of the common doctrines of political economy as a science.
Page 319 - An Act to regulate commerce', approved February 4, 1887, and all Acts amendatory thereof, by providing for a valuation of the several classes of property of carriers, subject thereto and securing information concerning their stocks, bonds, and other securities", approved March 1, 1913...
Page 211 - But to the souls of fire I give more fire, and to those who are manful I give a might more than man's. These are the heroes, the sons of the Immortals, who are blest, but not like the souls of clay. For I drive them forth by strange paths, Perseus, that they may fight the Titans and the monsters, the enemies of gods and men.
Page 57 - ... only through the principle of competition has political economy any pretension to the character of a science. So far as rents, profits, wages, prices, are determined by competition, laws may be assigned for them. Assume competition to be their exclusive regulator, and principles of broad generality and scientific precision may be laid down, according to which they will be regulated.
Page 63 - That committees and commissions carefully chosen have for the last 30 years clung to one form of competition after another ; that it has nevertheless become more and more evident that competition must fail to do for railways what it does for ordinary trade, and that no means have yet been devised by which competition can be permanently maintained.
Page 50 - For my part, though I like the investigation of particular questions, I give up what is called the " science of political economy." There is no such science. There are no rules on these subjects so fixed and invariable as that their aggregate constitutes a science. I believe I have recently...
Page 11 - Now for a specification of flaws. It is clear, to begin with, that Lloyd never understood or tried to understand Rockefeller and his associates. In his article "The Story of a Great Monopoly"4 he wrote that "Rockefeller had been a bookkeeper in some interior town in Ohio, and had afterward made a few thousand dollars by keeping a flour store in Cleveland.
Page 234 - Congress found in 1888 that the coal companies in the anthracite regions keep thousands of surplus laborers on hand to underbid each other for employment and for submission to all exactions; hold them purposely ignorant when the mines are to be worked and when closed, so that they cannot seek employment elsewhere; bind them as tenants by compulsion in the companies...

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