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.

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. In an industrial community this propensity for emulation expresses itself in pecuniary emulation; and this, so far as regards the Western civilized communities of the present, is virtually equivalent to saying that it expresses itself in some form of conspicuous waste.

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

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

The addiction to sports, therefore, in a peculiar degree marks an arrested development in man's moral nature.

It is always sound business to take any obtainable net gain, at any cost, and at any risk to the rest of the community.

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.