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Ideas of Benjamin Franklin, by Text

[American, 1706 - 1790, Diplomat, author, polymath…]

1748 Advice to a Young Tradesman
p.87- p.14 Time is money, ..credit is money, ..and money breeds more money
     Full Idea: Remember that time is money, …and that credit is money, …and that money can beget money.
     From: Benjamin Franklin (Advice to a Young Tradesman [1748], p.87-), quoted by Max Weber - The Protestant Ethic and the Spirit of Capitalism 2
     A reaction: [snippets] A wonderful quotation rescued by Max Weber, showing that Franklin understood capitalism with crystal clarity, before it had even barely begun
p.87- p.15 Punctuality and justice in dealings are excellent for raising a man in the world
     Full Idea: After industry and frugality, nothing contributes more to raising a young man in the world than punctuality and justice in all his dealings.
     From: Benjamin Franklin (Advice to a Young Tradesman [1748], p.87-), quoted by Max Weber - The Protestant Ethic and the Spirit of Capitalism 2
     A reaction: A perfect illustration of the self-interest that drives morality in the social contract view.