Single Idea 20720

[catalogued under 24. Political Theory / D. Ideologies / 11. Capitalism]

Full Idea

Remember that time is money, …and that credit is money, …and that money can beget money.

Gist of Idea

Time is money, ..credit is money, ..and money breeds more money

Source

Benjamin Franklin (Advice to a Young Tradesman [1748], p.87-), quoted by Max Weber - The Protestant Ethic and the Spirit of Capitalism 2

Book Reference

Weber,Max: 'Protestant Ethic and Spirit of Capitalism' [Routledge 2001], p.14


A Reaction

[snippets] A wonderful quotation rescued by Max Weber, showing that Franklin understood capitalism with crystal clarity, before it had even barely begun