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Jenny B. Jones

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“The virtues are economists, but some of the vices are also...Pride is handsome, economical; pride eradicates so many vices, letting none subsist but itself, that it seems as if it were a great gain to exchange vanity for pride. Pride can go without domestics, without fine clothes, can live in a house with two rooms, can eat potato, purslain, beans, lyed corn, can work on the soil, can travel afoot, can talk with poor men, or sit silent well contented in fine saloons. But vanity costs money, labor, horses, men, women, health and peace, and is still nothing at last; a long way leading nowhere. Only one drawback; proud people are intolerably selfish, and the vain are gentle and giving.”

WealthMoneyVirtuePrideVanityTranscendentalismVice
Book:The Conduct of Life
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“The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales.”

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Author:George Monbiot
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“America's industrial success produced a roll call of financial magnificence: Rockefellers, Morgans, Astors, Mellons, Fricks, Carnegies, Goulds, du Ponts, Belmonts, Harrimans, Huntingtons, Vanderbilts, and many more based in dynastic wealth of essentially inexhaustible proportions. John D. Rockefeller made $1 billion a year, measured in today's money, and paid no income tax. No one did, for income tax did not yet exist in America. Congress tried to introduce an income tax of 2 percent on earnings of $4,000 in 1894, but the Supreme Court ruled it unconstitutional. Income tax wouldn't become a regular part of American Life until 1914. People would never be this rich again. Spending all this wealth became for many a more or less full-time occupation. A kind of desperate, vulgar edge became attached to almost everything they did. At one New York dinner party, guests found the table heaped with sand and at each place a little gold spade; upon a signal, they were invited to dig in and search for diamonds and other costly glitter buried within. At another party - possibly the most preposterous ever staged - several dozen horses with padded hooves were led into the ballroom of Sherry's, a vast and esteemed eating establishment, and tethered around the tables so that the guests, dressed as cowboys and cowgirls, could enjoy the novel and sublimely pointless pleasure of dining in a New York ballroom on horseback.”

WealthMoneyNew YorkPartiesGilded Age
Book:At Home: A Short History of Private Life
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“But a progressive policy needs more than just a bigger break with the economic and moral assumptions of the past 30 years. It needs a return to the conviction that economic growth and the affluence it brings is a means and not an end. The end is what it does to the lives, life-chances and hopes of people. Look at London. Of course it matters to all of us that London's economy flourishes. But the test of the enormous wealth generated in patches of the capital is not that it contributed 20%-30% to Britain's GDP but how it affects the lives of the millions who live and work there. What kind of lives are available to them? Can they afford to live there? If they can't, it is not compensation that London is also a paradise for the ultra-rich. Can they get decently paid jobs or jobs at all? If they can't, don't brag about all those Michelin-starred restaurants and their self-dramatising chefs. Or schooling for children? Inadequate schools are not offset by the fact that London universities could field a football team of Nobel prize winners.”

PoliticsWealthEducationMoralityCapitalismEconomicsLondonBritainNobel PrizeProgressivismUniversities
Author:Eric Hobsbawm
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“What a peculiar civilisation this was: inordinately rich, yet inclined to accrue its wealth through the sale of some astonishingly small and only distantly meaningful things, a civilisation torn and unable sensibly to adjudicate between the worthwhile ends to which money might be put and the often morally trivial and destructive mechanisms of its generation.”

WealthMoneyCivilizationMeaningThingsTrivialityMaterial Goods
Book:The Pleasures and Sorrows of Work
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“It was at this time that backgammon was invented and began to be popular. It is a kind of paradigm of how wealth is acquired, which in this world is not the reward of intelligence or ability, just as luck is not a product of skill... If luck favours the player, he gets what he wants; if it doesn't, a skilled and prudent man cannot win that which fortune only bestows on whom it likes. It is thus that the good things of this world are apportioned by chance.”

WealthChanceLuckFortuneSkillBackgammon
Book:From The Meadows of Gold
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