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Quote by Michael Douglas

Author

Michael Douglas
Michael Douglas

Michael Douglas is an American actor renowned for his international fame in the film industry. Born on September 25, 1944, he began his career in the 1960s with early works including 'The Graduate' and 'Beverly Hills, 90210'. In the 1980s, he won the Academy Award for Best Actor for his performance in 'Falling Down'. His other notable works include 'Wall Street', 'The Game', and 'The Last of the Mohicans'. more

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“To ensure that no one gained an advantage over anyone else, commercial law prohibited innovation in tools or techniques, underselling below a fixed price, working late by artificial light, employing extra apprentices or wife and under-age children, and advertising of wares or praising them to the detriment of others.”

“No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury.”