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.

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.

The machine technology takes no cognizance of conventionally established rules of precedence; it knows neither manners nor breeding and can make no use of any of the attributes of worth.

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.

The first duty of an editor is to gauge the sentiment of his reader, and then to tell them what they like to believe.