Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.

All business sagacity reduces itself in the last analysis to judicious use of sabotage.

Only individuals with an aberrant temperament can in the long run retain their self-esteem in the face of the disesteem of their fellows.

In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.

Abstention from labor is the conventional evidence of wealth and is therefore the conventional mark of social standing.

In point of substantial merit the law school belongs in the modern university no more than a school of fencing or dancing.

With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper.