“We must expect for a long time yet to see capitalists still striving to obtain the highest possible profits. But observe, that the passion for wealth is certainly in some senses new. It grew up very rapidly at the beginning of the present century; it was not so strong in the last century, when men were much more content to lead a quiet easy life of leisure. The change has really influenced the relations between men; but in the future it is quite possible that the scramble for wealth may grow less intense, and a change in the opposite direction take place.”

— Arnold Toynbee

Source: Lectures on The Industrial Revolution in England (1884), p. 134

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Arnold Toynbee 20

British economic historian 1852–1883

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