“Modern capitalism has as little use for liberum arbitrium [undisciplined] persons as laborers as it has for the businessman fully without scruples in the running of his company.”

— Max Weber , book The Protestant Ethic and the Spirit of Capitalism

Source: The Protestant Ethic and the Spirit of Capitalism (1905; 1920), Ch. 2 : The "Spirit" of Capitalism

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Max Weber 41

German sociologist, philosopher, and political economist 1864–1920

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“Men having capital, the product of labor to invest, form themselves into companies or associations and consolidate their capital that they may reap a greater profit from their investments … The men who labor, taking this action of the men of capital as a criterion to go by, have formed themselves into companies or associations that they reap a greater profit from the investment of their capital, which is labor. That capital of the former is the creation of man; that latter as the creation of God, and of the two is entitled to the most consideration, since no capital could exist unless labor created it.”

Terence V. Powderly (1849–1924) American mayor

"The Organization of Labor," http://ebooks.library.cornell.edu/cgi/t/text/pageviewer-idx?c=nora;cc=nora;g=moagrp;xc=1;q1=The%20Organization%20of%20Labor;rgn=full%20text;cite1=Powderly;cite1restrict=author;view=image;seq=0122;idno=nora0135-2;node=nora0135-2%3A2 North American Review, vol. 135, no. 2, whole no. 309 (Aug. 1882), pp. 118–9.

“It is the secret scandal of capitalism that at no point has it been organized primarily around free labor.”

David Graeber (1961) American anthropologist and anarchist

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“Life grants nothing to us mortals without hard work.
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“I conclude by listing several main points of this essay:
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2. Human capital has become of much greater significance during the past two decades.
3. Human capital is crucial to the international division of labor.
4. Much unmeasured learning goes on in companies and by adults.
5. People need to invest in themselves during their whole lives.
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7. Human capital stimulates technological innovations and the high-tech sector.”

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“In fact, the Church never admitted free-will, or used the word when it could be avoided. In Latin, the term used was liberum arbitrium,— free choice,— and in French to this day it remains in strictness libre arbitre still. From Saint Augustine downwards the Church was never so unscientific as to admit of liberty beyond the faculty of choosing between paths, some leading through the Church and some not, but all leading to the next world.”

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“The chief sign that a man has any nobility in his character is the little joy he takes in other people’s company. ”

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“The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.”

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Vol. II, Ch. XX, p. 437.
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“The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.”

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“By his very success in inventing labor-saving devices, modern man has manufactured an abyss of boredom that only the privileged classes in earlier civilizations have ever fathomed.”

Lewis Mumford (1895–1990) American historian, sociologist, philosopher of technology, and literary critic

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“Modern capitalism has as little use for liberum arbitrium [undisciplined] persons as laborers as it has for the businessman fully without scruples in the running of his company.”

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