The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.

No slave system has ever been able to continue to function on the slaves provided by its own biological reproduction because the rate of human reproduction is too slow and the expense from infant mortality and years of unproductive upkeep of the young make this prohibitively expensive. This relationship is one of the basic causes of the American Civil War, and was even more significant in destroying ancient Rome.

The backwardness of our religious and social developments is undoubtedly holding back the development of the intellectual and political levels.

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.

I came into history from a primary concern with mathematics and science. This has been a tremendous help to me as a person and as a historian, although it must be admitted it has served to make my historical interpretations less conventional than may be acceptable of many of my colleagues in the field.

A civilization is complicated, in the first place, because it is dynamic; that is, it is constantly changing in the passage of time, until it has perished.

When the business interests... pushed through the first installment of civil service reform in 1883, they expected that they would be able to control both political parties equally.