A Quote by William Graham Sumner

We are to see the development of the country pushed forward at an unprecedented rate by an aggregation of capital, and a systematic application of it under the direction of competent men.

William Graham Sumner

Quote Topics

Application Capital Competent Country Development Direction Forward Men Pushed Rate See Systematic Unprecedented

Quote Author

William Graham Sumner
American - Businessman
October 30, 1840 - April 12, 1910

Everywhere you go on the continent of Europe at this hour you see the conflict between militarism and industrialism. You see the expansion of industrial power pushed forward by the energy, hope, and thrift of men, and you see the development arrested, diverted, crippled, and defeated by measures which are dictated by military considerations.

William Graham Sumner

You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.

Bill Gates

What is competent? Who is it that can adjudicate what is competent or not competent? If the guys that are running the most important banks in our country aren't competent enough, well then, who is competent enough?

Edward Conard

The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.

James B. Stewart

Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.

John Hull

When external and internal forces hostile to the development of socialism try to turn the development of a given socialist country in the direction of the restoration of the capitalist system, when a threat arises to the cause of socialism in that country ... this is no longer merely a problem for that country's people, but a common problem, the concern of all socialist countries.

Leonid Brezhnev

We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.

Baba Kalyani

To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.

Clayton M. Christensen

I am of the firm belief that the nation should progress on the issue of development. And it is necessary that the country moves forward on the issue of development.

Narendra Modi

Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.

Charles Babbage

The unprecedented development of science and technology... so rapid that it is said that 90 per cent of the scientists which this country has ever produced are still living today.

Robert Platt

America's history is exemplified in the efforts of the men and women who died for our country. The one thing that they all have in common is their selfless love for our nation and their courage to stand up to protect and defend it. They raised their gaze in the face of conflict, believed in what America could be, and pushed forward.

Bill Flores

The state is the only institution entitled to apply coercion and compulsion and to inflict harm upon individuals. This tremendous power cannot be abandoned to the discretion of some men, however competent and clever they may deem themselves. It is necessary to restrict its application. This is the task of the laws.

Ludwig von Mises

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.

Henry Paulson

Wisdom is the right application of knowledge; and true education...is the application of knowledge to the development of a noble and Godlike character.