Ralph Waldo Emerson

“ Success consists in close appliance to the laws of the world, and, since those laws are intellectual and moral, an intellectual and moral obedience. Political Economy is as good a book wherein to read the life of man, and the ascendency of laws over all private and hostile influences, as any Bible which has come down to us.
Money is representative, and follows the nature and fortunes of the owner. The coin is a delicate meter of civil, social, and moral changes. The farmer is covetous of his dollar, and with reason. It is no waif to him. He knows how many strokes of labor it represents. ”

“ Spend after your genius, and by system. Nature goes by rule, not by sallies and saltations. There must be system in the economies. Saving and unexpensiveness will not keep the most pathetic family from ruin, nor will bigger incomes make free spending safe. The secret of success lies never in the amount of money, but in the relation of income to outgo; as if, after expense has been fixed at a certain point, then new and steady rills of income, though never so small, being added, wealth begins. ”

“ He fails to make his place good in the world, unless he not only pays his debt, but also adds something to the common wealth. Nor can he do justice to his genius, without making some larger demand on the world than a bare subsistence. He is by constitution expensive, and needs to be rich.
Wealth has its source in applications of the mind to nature, from the rudest strokes of spade and axe, up to the last secrets of art. Intimate ties subsist between thought and all production; because a better order is equivalent to vast amounts of brute labor. ”

“ This is so much economy, that, rightly read, it is the sum of economy. Profligacy consists not in spending years of time or chests of money, — but in spending them off the line of your career. The crime which bankrupts men and states, is, job-work; — declining from your main design, to serve a turn here or there. Nothing is beneath you, if it is in the direction of your life: nothing is great or desirable, if it is off from that. ”

“ The sublime laws play indifferently through atoms and galaxies. Whoever knows what happens in the getting and spending of a loaf of bread and a pint of beer; that no wishing will change the rigorous limits of pints and penny loaves; that, for all that is consumed, so much less remains in the basket and pot; but what is gone out of these is not wasted, but well spent, if it nourish his body, and enable him to finish his task; — knows all of political economy that the budgets of empires can teach him. The interest of petty economy is this symbolization of the great economy ”

“ And when one observes in the hotels and palaces of our Atlantic capitals, the habit of expense, the riot of the senses, the absence of bonds, clanship, fellow-feeling of any kind, he feels, that, when a man or a woman is driven to the wall, the chances of integrity are frightfully diminished, as if virtue were coming to be a luxury which few could afford, or, as Burke said, "at a market almost too high for humanity." ”

“ He is born to be rich. He is thoroughly related; and is tempted out by his appetites and fancies to the conquest of this and that piece of nature, until he finds his well-being in the use of his planet, and of more planets than his own. Wealth requires, besides the crust of bread and the roof, — the freedom of the city, the freedom of the earth, travelling, machinery, the benefits of science, music, and fine arts, the best culture, and the best company. He is the rich man who can avail himself of all men's faculties. ”

“ A clever fellow was acquainted with the expansive force of steam; he also saw the wealth of wheat and grass rotting in Michigan. Then he cunningly screws on the steam-pipe to the wheat-crop. Puff now, O Steam! The steam puffs and expands as before, but this time it is dragging all Michigan at its back to hungry New York and hungry England. Coal lay in ledges under the ground since the Flood, until a laborer with pick and windlass brings it to the surface. We may well call it black diamonds. Every basket is power and civilization. For coal is a portable climate. ”

“ Pride is handsome, economical: pride eradicates so many vices, letting none subsist but itself, that it seems as if it were a great gain to exchange vanity for pride. Pride can go without domestics, without fine clothes, can live in a house with two rooms, can eat potato, purslain, beans, lyed corn, can work on the soil, can travel afoot, can talk with poor men, or sit silent well-contented in fine saloons. But vanity costs money, labor, horses, men, women, health, and peace, and is still nothing at last, a long way leading nowhere. ”

“ The subject of economy mixes itself with morals, inasmuch as it is a peremptory point of virtue that a man's independence be secured. Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. ”

“ Is party the madness of many for the gain of a few? This speculative genius is the madness of few for the gain of the world. The projectors are sacrificed, but the public is the gainer. Each of these idealists, working after his thought, would make it tyrannical, if he could. ”

“ I think we are entitled here to draw a straight line, and say, that society can never prosper, but must always be bankrupt, until every man does that which he was created to do.
Spend for your expense, and retrench the expense which is not yours. Allston, the painter, was wont to say, that he built a plain house, and filled it with plain furniture, because he would hold out no bribe to any to visit him, who had not similar tastes to his own. We are sympathetic, and, like children, want everything we see. ”

“ There is always a reason, in the man, for his good or bad fortune, and so, in making money. Men talk as if there were some magic about this, and believe in magic, in all parts of life. He knows, that all goes on the old road, pound for pound, cent for cent, — for every effect a perfect cause, — and that good luck is another name for tenacity of purpose. ”

“ Kings are said to have long arms, but every man should have long arms, and should pluck his living, his instruments, his power, and his knowing, from the sun, moon, and stars. Is not then the demand to be rich legitimate? Yet, I have never seen a rich man. I have never seen a man as rich as all men ought to be, or, with an adequate command of nature. ”

“ Wealth is in applications of mind to nature; and the art of getting rich consists not in industry, much less in saving, but in a better order, in timeliness, in being at the right spot. One man has stronger arms, or longer legs; another sees by the course of streams, and growth of markets, where land will be wanted, makes a clearing to the river, goes to sleep, wakes up rich. Steam is no stronger now, than it was a hundred years ago ”

“ But in ordinary, as means increase, spending increases faster, so that, large incomes, in England and elsewhere, are found not to help matters; — the eating quality of debt does not relax its voracity. When the cholera is in the potato, what is the use of planting larger crops? In England, the richest country in the universe, I was assured by shrewd observers, that great lords and ladies had no more guineas to give away than other people; that liberality with money is as rare, and as immediately famous a virtue as it is here. ”

“ There are a few measures of economy which will bear to be named without disgust; for the subject is tender, and we may easily have too much of it; and therein resembles the hideous animalcules of which our bodies are built up, — which, offensive in the particular, yet compose valuable and effective masses. Our nature and genius force us to respect ends, whilst we use means. ”

“ A master in each art is required, because the practice is never with still or dead subjects, but they change in your hands. You think farm-buildings and broad acres a solid property: but its value is flowing like water. It requires as much watching as if you were decanting wine from a cask. The farmer knows what to do with it, stops every leak, turns all the streamlets to one reservoir, and decants wine: but a blunderhead comes out of Cornhill, tries his hand, and it all leaks away. ”

“ Society in large towns is babyish, and wealth is made a toy. The life of pleasure is so ostentatious, that a shallow observer must believe that this is the agreed best use of wealth, and, whatever is pretended, it ends in cosseting. ”

“ They should own who can administer; not they who hoard and conceal; not they who, the greater proprietors they are, are only the greater beggars, but they whose work carves out work for more, opens a path for all. For he is the rich man in whom the people are rich, and he is the poor man in whom the people are poor: and how to give all access to the masterpieces of art and nature, is the problem of civilization. The socialism of our day has done good service in setting men on thinking how certain civilizing benefits, now only enjoyed by the opulent, can be enjoyed by all. ”

“ There is a refining influence from the arts of Design on a prepared mind, which is as positive as that of music, and not to be supplied from any other source. But pictures, engravings, statues, and casts, beside their first cost, entail expenses, as of galleries and keepers for the exhibition; and the use which any man can make of them is rare, and their value, too, is much enhanced by the numbers of men who can share their enjoyment. In the Greek cities, it was reckoned profane, that any person should pretend a property in a work of art, which belonged to all who could behold it. ”

“ They have served no apprenticeship to wealth, and, with the rapid wealth, come rapid claims: which they do not know how to deny, and the treasure is quickly dissipated.
A system must be in every economy, or the best single expedients are of no avail. A farm is a good thing, when it begins and ends with itself, and does not need a salary, or a shop, to eke it out. Thus, the cattle are a main link in the chain-ring. If the non-conformist or aesthetic farmer leaves out the cattle, and does not also leave out the want which the cattle must supply, he must fill the gap by begging or stealing. ”

“ The value of a dollar is social, as it is created by society. Every man who removes into this city, with any purchasable talent or skill in him, gives to every man's labor in the city, a new worth. If a talent is anywhere born into the world, the community of nations is enriched; and, much more, with a new degree of probity. The expense of crime, one of the principal charges of every nation, is so far stopped. ”

“ Every warehouse and shop-window, every fruit-tree, every thought of every hour, opens a new want to him, which it concerns his power and dignity to gratify. It is of no use to argue the wants down: the philosophers have laid the greatness of man in making his wants few; but will a man content himself with a hut and a handful of dried pease? ”

“ Well, the Americans grew rich and great. But the pay-day comes round. Britain, France, and Germany, which our extraordinary profits had impoverished, send out, attracted by the fame of our advantages, first their thousands, then their millions, of poor people, to share the crop. At first, we employ them, and increase our prosperity: but, in the artificial system of society and of protected labor, which we also have adopted and enlarged, there come presently checks and stoppages. Then we refuse to employ these poor men. ”

“ The value of a dollar is social, as it is created by society. ”

“ How intimately our knowledge of the system of the Universe rests on that! — and a true economy in a state or an individual will forget its frugality in behalf of claims like these.
Whilst it is each man's interest, that, not only ease and convenience of living, but also wealth or surplus product should exist somewhere, it need not be in his hands. Often it is very undesirable to him. Goethe said well, "nobody should be rich but those who understand it." Some men are born to own, and can animate all their possessions. Others cannot: their owning is not graceful ”

“ The stone-mason who should build the well thinks he shall have to dig forty feet: the baker doubts he shall never like to drive up to the door: the practical neighbor cavils at the position of the barn; and the citizen comes to know that his predecessor the farmer built the house in the right spot for the sun and wind, the spring, and water-drainage, and the convenience to the pasture, the garden, the field, and the road. So Dock-square yields the point, and things have their own way. Use has made the farmer wise, and the foolish citizen learns to take his counsel. ”