Quotes from book

Equality

“Would it not have startled the old economists to hear that the secret of the most efficient system of wealth production was conformity on a national scale to the ethical idea of equal treatment for all embodied by Jesus Christ in the golden rule?”

“You see economic science in your day was a science of things; in our day it is a science of human beings.”

“No inventor could introduce an invention, however excellent, unless he could get capitalists to take it up, and this usually they would not do unless the inventor relinquished to them most of his hopes of profit from the discovery.”

“The A B C of any science of wealth production is the necessity of co-ordination and concert of effort; whereas competition, conflict, and endless cross-purposes were the sum and substance of the economic methods set forth by these writers.”

“...the profit system, by its necessary nature, operated to stop limit and cripple production at the point where it began to be efficient.”

“If you own the things men must have, you own the men who must have them.”

“...the theory that a person has a right in dealing with his fellows to take advantage of his superior abilities is nothing other than a slightly more roundabout expression of the doctrine that might is right.”

“Put workingmen in the places of the capitalists and they would have done just as the capitalists were doing. In fact, whenever workingmen did become capitalists they were commonly said to make the hardest sort of masters.”

“Power over others is necessarily demoralizing to the master and degrading to the subject.”