The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which we live.
More Quotes from William Graham Sumner:
Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.William Graham Sumner
We throw all our attention on the utterly idle question whether A has done as well as B, when the only question is whether A has done as well as he could.
William Graham Sumner
It is a beneficent incident of the ownership of land that a pioneer who reduces it to use, and helps to lay the foundations of a new State, finds a profit in the increasing value of land as the new State grows up.
William Graham Sumner
Furthermore, the unearned increment from land appears in the United States as a gain to the first comers, who have here laid the foundations of a new State.
William Graham Sumner
Men of routine or men who can do what they are told are not hard to find; but men who can think and plan and tell the routine men what to do are very rare.
William Graham Sumner
He who would be well taken care of must take care of himself.
William Graham Sumner
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