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The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.

Will Durant

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Will Durant
Age: 96 †
Born: 1885
Born: November 5
Died: 1981
Died: November 7
Historian
Philosopher
Writer
North Adams
Massachusetts
William James Will Durant
William James Durant
Politics
Rate
Varies
Law
Result
Permitted
Moral
Laws
Regularly
Ability
Equal
Vary
Freedom
Wealth
Morals
Natural
Results
Liberalism
History
Economy
Concentration
Economic
Factors
Recurs

More quotes by Will Durant

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Drunkenness was in good repute in England till Bloody Mary frowned upon it it remained popular in Germany. The French drank more stably, not being quite so cold.
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If we have never been amazed by the very fact that we exist, we are squandering the greatest fact of all.
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Men decided that it was better to pay taxes than to fight among themselves better to pay tribute to one magnificent robber than to bribe them all.
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Christianity did not destroy paganism it adopted it.
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As soon as liberty is complete it dies in anarchy.
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The world wisely prefers happiness to wisdom.
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In my youth I stressed freedom, and in my old age I stress order. I have made the great discovery that liberty is a product of order.
Will Durant
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Sixty years ago I knew everything. Now I know nothing. Education is a progressive discovery of our own ignorance.
Will Durant
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The fear of capitalism has compelled socialism to widen freedom, and the fear of socialism has compelled capitalism to increase equality. East is West and West is East, and soon the twain will meet.
Will Durant
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The greatest question of our time is not communism vs. individualism, not Europe vs. America, not even the East vs. the West it is whether men can bear to live without God.
Will Durant
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To rulers religion, like almost everything else, is a tool of power.
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Every vice was once a virtue, and may become respectable again, just as hatred becomes respectable in wartime.
Will Durant
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Read, think well of mankind, go to our libraries and rejoice.
Will Durant
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There have been only 268 of the past 3,421 years free of war.
Will Durant
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To give life a meaning, one must have a purpose larger than self.
Will Durant
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Education is the transformation of civilisation
Will Durant
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As knowledge grew, fear decreased men thought less of worshiping the unknown, and more of overcoming it.
Will Durant
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Nature smiles at the union of freedom and equality in our utopias. For freedom and equality are sworn and everlasting enemies, and when one prevails the other dies.
Will Durant
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We teach more by what we are than by what we teach.
Will Durant
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A statesman cannot afford to be a moralist.
Will Durant