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“England was nothing, compared to continental nations until she had become commercial... until about the middle of the last century, when a number of ingenious and inventive men, without apparent relation to each other, arose in various parts of the kingdom, succeeded in giving an immense impulse to all the branches of the national industry; the result of which has been a harvest of wealth and prosperity, perhaps without a parallel in the history of the world.”

“Reagan's story of freedom superficially alludes to the Founding Fathers, but its substance comes from the Gilded Age, devised by apologists for the robber barons. It is posed abstractly as the freedom of the individual from government control a Jeffersonian ideal at the roots of our Bill of Rights, to be sure. But what it meant in politics a century later, and still means today, is the freedom to accumulate wealth without social or democratic responsibilities and license to buy the political system right out from everyone else.”

“In Las Vegas, people seem to believe, the prosperity spawned by tourism and gaming can make them whole, financially and spiritually. Las Vegas now melds fun, work, and wealth, showing a path toward the brightest vistas of the post-industrial world. It is the first city of the twenty-first century.”

“Wealth from trade was the mainspring of Western material advance; the visible agents of change were great guns. These came of age in Europe in the 15th century. On land their potency in reducing castle walls favoured central over local power, since in general only monarchs could afford siege-trains; so nation-states were consolidated and extended into great territorial empires. At sea, guns transformed sailing ships into mobile castles virtually impregnable to opponents who lacked equally powerful ordnance. With the ocean-going gunned warship, western Europe began to extend around the globe.”

“In the second century of the Christian era, the Empire of Rome comprehended the fairest part of the earth, and the most civilised portion of mankind. The frontiers of that extensive monarchy were guarded by ancient renown and disciplined valour. The gentle but powerful influence of laws and manners had gradually cemented the union of the provinces. Their peaceful inhabitants enjoyed and abused the advantages of wealth and luxury.”

“A half century from now, our grandchildren are likely to look back at the era of mass employment in the market with the same sense of utter disbelief as we look upon slavery and serfdom in former times. The very idea that a human being's worth was measured almost exclusively by his or her productive output of goods and services and material wealth will seem primitive, even barbaric, and be regarded as a terrible loss of human value to our progeny living in a highly automated world where much of life is lived on the Collaborative Commons.”

“The plodding thrift and scrupulous integrity and long-winded patient industry of our business men of the last century are out of fashion in these "giddy-paced" times, and England is forgetting that those who make haste to be rich can hardly avoid much temptation and some sin.”

“The use of the word royalty, as fee to a proprietor for the exploitation of a work or property, derives from the period when the sovereign assumed title to all wealth of the realm. It was the struggle for freedom from these encroachments of the state that chiefly marked the Nineteenth Century, and established everywhere constitutional regimes of limited authority. In the Twentieth Century, however, we have witnessed a gradual and almost unrestricted movement back to state authoritarianism, primarily in the economic sphere, accompanied by the spread of state monopoly and intervention.”

“We have imagined ourselves a special creation, set apart from other humans. In the last twentieth century, we see that our povertyis as absolute as that of the poorest nations. We have attempted to deny the human condition in our quest for power after power. It would be well for us to rejoin the human race, to accept our essential poverty as a gift, and to share our material wealth with those in need.”

“Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.”

“The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.”

“I think that a true economics thinker or a Marxist thinker would make nonsense of my argument, although I have given massive seminars and no one has demolished it so far. I did think that this idea from an artisanal and trading perception of the auratic quality of goods when they are given character and inscription, made the stories of phantasmic wealth read more powerfully in the 18th and 19th centuries than the stories of Cinderella's wealth, because they are conjured out of nothing by these magic means.”