quote · Legacy record

Fundamental Basis of a Culture of Traders.—We have now an opportunity of watching the manifold growth of the culture of a society of which commerce is the soul, just as personal rivalry was the soul of culture among the ancient Greeks, and war, conquest, and law among the ancient Romans. The tradesman is able to value everything without producing it, and to value it according to the requirements of the consumer rather than his own personal needs. “How many and what class of people will consume this?” is his question of questions. Hence, he instinctively and incessantly employs this mode of valuation and applies it to everything, including the productions of art and science, and of thinkers, scholars, artists, statesmen, nations, political parties, and even entire ages: with respect to everything produced or created he inquires into the supply and demand in order to estimate for himself the value of a thing. This, when once it has been made the principle of an entire culture, worked out to its most minute and subtle details, and imposed upon every kind of will and knowledge, this is what you men of the coming century will be proud of,—if the prophets of the commercial classes are right in putting that century into your possession! But I have little belief in these prophets. Credat Judæus Apella—to speak with Horace.

Fundamental Basis of a Culture of Traders.—We have now an opportunity of watching the manifold growth of the culture of a society of which commerce is the soul, just as personal rivalry was the soul of culture among the ancient Greeks, and war, conquest, and law among the ancient Romans. The tradesman is able to value everything without producing it, and to value it according to the requirements of the consumer rather than his own personal needs. “How many and what class of people will consume this?” is his question of questions. Hence, he instinctively and incessantly employs this mode of valuation and applies it to everything, including the productions of art and science, and of thinkers, scholars, artists, statesmen, nations, political parties, and even entire ages: with respect to everything produced or created he inquires into the supply and demand in order to estimate for himself the value of a thing. This, when once it has been made the principle of an entire culture, worked out to its most minute and subtle details, and imposed upon every kind of will and knowledge, this is what you men of the coming century will be proud of,—if the prophets of the commercial classes are right in putting that century into your possession! But I have little belief in these prophets. Credat Judæus Apella—to speak with Horace.

Approximate author period: c. 1872 AD · industrial