Home / Topics / Century Quotes

Century Quotes

Browse 4886 quotes about Century.

Century Quotes

“The bourgeois thinkers of the eighteenth century thus turned Aristotle's formula on its head: satisfactions which the Greek philosopher had identified with leisure were now transposed to the sphere of work, while tasks lacking in any financial reward were drained of all significance and left to the haphazard attentions of decadent dilettantes. It now seemed as impossible that one could be happy and unproductive as it had once seemed unlikely that one could work and be human.”

“This whole theory [of John Law and Jean Terrasson], as dear to French financial schemers in the eighteenth century as to American "Greenbackers" in the nineteenth, had resulted, under the Orleans Regency and Louis XV, in ruin to France financially and morally, had culminated in the utter destruction of all prosperity, the rooting out of great numbers of the most important industries, and the grinding down of the working people even to starvation.”

People Important Whole Law Numbers Century Theory Industry Destruction Financial Dear Prosperity Ruins France Starvation

Author:Andrew Dickson White

“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.”

“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

“The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property”

Interesting Economy Century Connections Property Financial Nineteenth Century Ohio Baltimore

Book:The Railroad Builders: A Chronicle of the Welding of the States

Source: The Railroad Builders: A Chronicle of the Welding of the States

“The great challenge of the twentieth century ... is to create a new financial architecture in which private decisions produce a less degenerate capitalism.”

Challenges Decision Century Produce Capitalism Financial Architecture Twentieth Century Degenerates

Author:Will Hutton

“We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.”

“The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.”

Way Believe States Shows Lasts Term Interest Century Amount Increase Financial Obvious Burden Debt Contracts Steady Drag Sooner Or Later Principal Payment Indebtedness

Book:Human Action

Source: Human Action

“As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified.”

Values Risk Century Theory Return Dollars Financial Fund Investors Quarters Clients Avoiding Bargains Compounds Financial Markets Inception High Risk Incurring Hedging

Author:Seth Klarman