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The History of the Standard Oil Company is a book written by journalist Ida Tarbell in 1904. It was an exposé of the Standard Oil Company, run at that time by oil tycoon John D. Rockefeller the richest figure in America's history. Originally serialized in 19 parts in McClure's magazine, the book was a seminal example of muckraking, and inspired many other journalists to write about trusts, large businesses that (in the absence of strong antitrust law in the 19th century) attempted to gain monopolies in various industries. The History of the Standard Oil Company was credited with hastening the breakup of Standard Oil, which came about in 1911. ( Summary by Wikipedia ) Note: This reading does not include any of the 36 Appendices....

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History

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The History of the Standard Oil Company is a book written by journalist Ida Tarbell in 1904. It was an exposé of the Standard Oil Company, run at that time by oil tycoon John D. Rockefeller, the richest figure in America's history. Originally serialized in 19 parts in McClure's magazine, the book was a seminal example of muckraking, and inspired many other journalists to write about trusts, large businesses that (in the absence of strong antitrust law in the 19th century) attempted to gain monopolies in various industries. The History of the Standard Oil Company was credited with hastening the breakup of Standard Oil, which came about in 1911. ( Summary by Wikipedia ) Note: This reading does not include any of the Appendices....

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History

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The Epistle of Paul to Philemon, usually referred to simply as Philemon, is a prison letter to Philemon from Paul of Tarsus. Philemon was a leader in the Colossian church. This letter, which is one of the books of the New Testament, deals with forgiveness....

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Ancient Texts, Religion

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Henry Ford profiles the events that shaped his personal philosophy, and the challenges he overcame on the road to founding the Ford Motor Company. Throughout his memoir, he stresses the importance of tangible service and physical production over relative value as judged by profits and money. He measures the worth of a business or government by the service it provides to all, not the profits in dollars it accumulates. He also makes the point that only service can provide for human needs, as opposed to laws or rules which can only prohibit specific actions and do not provide for the necessaries of life. Ford applies his reasoning to the lending system, transportation industry, international trade and interactions between labor and management. For each, he proposes solutions that maximize service and provide goods at the lowest cost and highest quality. He analyzes from a purely material viewpoint, going as far as to argue that the need for a good feeling in work environments may reflect a character flaw or weakness. However, his unflinching focus on the ultimate material products and necessities of life provide clever insights in how ...

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Memoirs

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Bastiat asserted that the only purpose of government is to defend the right of an individual to life, liberty, and property. From this definition, Bastiat concluded that the law cannot defend life, liberty and property if it promotes socialist policies inherently opposed to these very things. In this way, he says, the law is perverted and turned against the thing it is supposed to defend....

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Economics/Political Economy

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The National Gambling Impact Study Commission was given the task of conducting a comprehensive legal and factual study on the social and economic implications of gambling in the United States. This report presents the principal findings of that work and recommendations for action. (Summary from the Introduction, modified by Sam Stinson)...

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Politics

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Letter Concerning Toleration by John Locke was originally published in 1689. Its initial publication was in Latin, though it was immediately translated into other languages. In this letter addressed to an anonymous Honored Sir (actually Locke's close friend Philip von Limborch, who published it without Locke's knowledge) Locke argues for a new understanding of the relationship between religion and government. One of the founders of Empiricism, Locke develops a philosophy that is contrary to the one expressed by Thomas Hobbes in Leviathan, primarily because it supports toleration for various Christian denominations. Locke's work appeared amidst a fear that Catholicism might be taking over England, and responds to the problem of religion and government by proposing toleration as the answer. Unlike Hobbes, who saw uniformity of religion as the key to a well-functioning civil society, Locke argues that more religious groups actually prevent civil unrest. Locke argues that civil unrest results from confrontations caused by any magistrate's attempt to prevent different religions from being practiced, rather than tolerating their prolifera...

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Philosophy

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This is the autobiography of Elizabeth Keckley, a former slave who bought her freedom with the money she earned as a seamstress. She eventually worked for Mary Lincoln. It is a fascinating book, filled with many recollections of her own life and her interactions with the Lincolns and other members of the government elite. (summary by Guero)...

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History, Memoirs, Biography

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Jeremy Bentham's Introduction to the Principles of Morals and Legislation , a classic text in modern philosophy and jurisprudence, first published in 1789, focuses on the principle of utility and how this view of morality ties into legislative practices. Bentham's ambition in life was to create a complete Utilitarian code of law. The philosophy of utilitarianism argues that the right act or policy is that which would cause the greatest good for the greatest number of people, also known as the greatest happiness principle, or the principle of utility. Bentham's principle of utility regards good as that which produces the greatest amount of pleasure, and the minimum amount of pain; and evil as that which produces the most pain without the pleasure. This concept of pleasure and pain is defined by Bentham as physical as well as spiritual. Bentham writes about this principle as it manifests itself within the legislation of a society. He lays down a set of criteria for measuring the extent of pain or pleasure that a certain decision will create. Bentham argues that certain unnecessary laws and punishments could ultimately lead to new and ...

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Philosophy, Politics

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William Walker Atkinson (December 5, 1862 – November 22, 1932) was an attorney, merchant, publisher, and author, as well as an occultist and an American pioneer of the New Thought movement. Atkinson was a prolific writer, and his many books achieved wide circulation among New Thought devotees and occult practitioners. He published under several pen names, including Magus Incognito, Theodore Sheldon, Theron Q. Dumont, Swami Panchadasi, Yogi Ramacharaka, Swami Bhakta Vishita, and probably other names not identified at present. The works published under the name of William Walker Atkinson generally treat themes related to the mental world, occultism, divination, psychic reality, and mankind's nature. They constitute a basis for what Atkinson called New Psychology or New Thought. These titles include Thought-Force in Business & Everyday Life (1900), Thought Vibration or the Law of Attraction in the Thought World (1906) and Practical Mental Influence (1908). Due in part to Atkinson's intense personal secrecy and extensive use of pseudonyms, he is now largely forgotten, despite having obtained mention in past editions of Who's Who in Amer...

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Advice, Psychology

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Brooks Adams (1848- 1927), was an American historian and a critic of capitalism. He believed that commercial civilizations rise and fall in predictable cycles. First, masses of people draw together in large population centers and engage in commercial activities. As their desire for wealth grows, they discard spiritual and creative values. Their greed leads to distrust and dishonesty, and eventually the society crumbles. In The Law of Civilisation and Decay (1895), Adams noted that as new population centers emerged in the west, centers of world trade shifted from Constantinople to Venice to Amsterdam to London. He predicted in America’s Economic Supremacy (1900) that New York would become the centre for world trade. The Theory of Social Revolutions was written in 1913. (Wikipedia)...

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Politics, History

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In Books 3 and 4 of Leviathan , Thomas Hobbes elaborates on the political philosophy set forth in the first two books, by considering the nature of a Christian commonwealth. Book 3 begins with a wealth of biblical scholarship, directed at establishing the authority of Scripture while at the same time undermining modern claims to supernatural revelation that would subvert civil law. Hobbes concludes that we cannot be sure of anyone else's divine revelation, and that religious authority is therefore subordinate to civil power. Book 4, titled “Of the Kingdom of Darkness,” sets forth the various ways in which Scripture has been misinterpreted by the church, according to Hobbes, in mixing pagan elements with Christianity. (Summary adapted from Wikipedia by Leon Mire)...

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Philosophy, Politics, Religion

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Leviathan, or The Matter, Forme and Power of a Common Wealth Ecclesiasticall and Civil, commonly called Leviathan, is a book written in 1651 by Thomas Hobbes. It is titled after the biblical Leviathan. The book concerns the structure of society (as represented figuratively by the frontispiece, showing the state giant made up of individuals), as is evidenced by the full title. In the book, Thomas Hobbes argues for a social contract and rule by a sovereign. Influenced by the English Civil War, Hobbes wrote that chaos or civil war - situations identified with a state of nature and the famous motto Bellum omnium contra omnes (the war of all against all) - could only be averted by strong central government. He thus denied any right of rebellion toward the social contract. However, Hobbes did discuss the possible dissolution of the State. Since the social contract was made to institute a state that would provide for the peace and defense of the people, the contract would become void as soon as the government no longer protected its citizens. By virtue of this fact, man would automatically return to the state of nature until a new contract...

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Philosophy, Politics

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Other People's Money and How the Bankers Use It is a collection of essays written by Louis Brandeis published as a book in 1914. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which Brandeis alleged were working in concert to prevent competition. Brandeis harshly criticized investment bankers who controlled large amounts of money deposited in their banks by middle-class people. The heads of these banks, Brandeis pointed out, routinely sat on the boards of railroad companies and large industrial manufacturers of various products, and routinely directed the resources of their banks to promote the interests of their own companies. These companies, in turn, sought to maintain control of their industries by crushing small businesses and stamping out innovators who developed better products to compete against them. Brandeis supported his contentions with a discussion of the actual dollar amounts -- in millions of dollars -- controlled by specific banks, industries, and industrialists such as J. P. Morgan, noting that these interests had ...

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Economics/Political Economy, Instruction

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Capital, Volume I is the first of three volumes in Karl Marx’s monumental work, Das Kapital, and the only volume to be published during his lifetime, in 1867. Marx’s aim in Capital, Volume I is to uncover and explain the laws specific to the capitalist mode of production and of the class struggles rooted in these capitalist social relations of production. Marx said himself that his aim was “to bring a science [i.e. political economy] by criticism to the point where it can be dialectically represented”, and in this way to “reveal the law of motion of modern society”. By showing how capitalist development was the precursor of a new, socialist mode of production, he aimed to provide a scientific foundation for the modern labour movement. In preparation for his book, he studied the economic literature available in his time for a period of twelve years, mainly in the British Museum in London.(Summary by Wikipedia)...

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Philosophy, Politics, Economics/Political Economy

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This biography is actually a series of essays by prominent personalities of the time that shed light on John Stuart Mill's life and areas of endeavor. Those areas include his experiences in India House, his moral character, certain botanical explorations, how effective he was as a critic, studies in morals and the law, and discoveries concerning political economy. They also explore ideas concerning his influence on institutions of higher learning, accomplishments as a politician, and fame as a philosopher. (Summary by Bill Boerst)...

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Biography, Economics/Political Economy, History, Philosophy, Nature, Politics

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Lysander Spooner (1808 – 1887) was an American individualist anarchist, entrepreneur, political philosopher, abolitionist, supporter of the labour movement, and legal theorist of the nineteenth century. Here he gives his views on the role of Governments in the private lives of their citizens (Summary by Annise)...

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Philosophy, Economics/Political Economy

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This is Mill’s first work on economics. It foreshadows his _Political Economy_ which was the standard Anglo-American Economics textbook of the late 19th and early 20th centuries. Mill’s economic theory moved from free market capitalism, to government intervention within the precepts of Utilitarianism, and finally to Socialism. [Summary written by the reader]...

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Philosophy, Economics/Political Economy

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How to live on 5 cents a day! How to survive financial ruin without losing your house! How to keep to a bare bones budget and still have money left over to buy books! Tough questions! They were tough questions even in the 1870’s, when Sarah Elizabeth Harper Monmouth penned her quirky memoir, the subtitle of which was “How a Lady, Having Lost a Sufficient Income from Government Bonds by Misplaced Confidence, Reduced to a Little Homestead Whose Entire Income is But $40.00 per Annum, Resolved to Hold It, Incurring no Debts and Live Within it. How She has Lived for Three Years and Still Lives on Half a Dime a Day.” Sarah Elizabeth (‘Lizzie‘) Monmouth, born in 1829, was a Civil War widow, living on a run-down small farm in New Hampshire, when her investments imploded. She awoke one morning to find herself poor--an old roof above her, “dearer than life,” but “not a dollar of money left.” For months she was “paralyzed with cold, clammy terror . . . stunned and knew not what to do.” Then her “mind stepped to the front with a bold standard displayed.” She said to herself “Understand, once for all, that I rule and make your plans accordingly....

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Advice, Memoirs

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After the American Civil War, John R. Lynch, who had been a slave in Mississippi, began his political career in 1869 by first becoming Justice of the Peace, and then Mississippi State Representative. He was only 26 when he was elected to the US Congress in 1873. There, he continued to be an activist, introducing many bills and arguing on their behalf. Perhaps his greatest effort was in the long debate supporting the Civil Rights Act of 1875 to ban discrimination in public accommodations. In 1884 Lynch was the first African American nominated after a moving speech by Theodore Roosevelt to the position of Temporary Chairman of the Republican National Convention in Chicago, Illinois. During the Spanish-American War of 1898, he was appointed Treasury Auditor and then Paymaster under the Republicans. In 1901, he began serving with the Regular Army with tours of duty in the United States, Cuba, and the Philippines. Lynch retired from the Army in 1911, then married Cora Williams. They moved to Chicago, where he practiced law. He also became involved in real estate. After his death in Chicago 1939 at the age of 92, he was buried with milita...

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Economics/Political Economy, History, Memoirs, Politics

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Major John Graham Gillam, British Supply Officer, wrote in his World War I Gallipoli Diary that when he sailed from England for the Dardanelles in March, 1915, he had visions of “trekking up the Gallipoli Peninsula with the Navy bombarding a way for us up the Straits and along the coast-line of the Sea of Marmora, until after a brief campaign we entered triumphantly Constantinople, there to meet the Russian Army, which would link up with ourselves to form part of a great chain encircling and throttling the Central Empires. . . We little appreciated the difficulties of the task,” he continues, in potent understatement. Gillam’s charge was shepherding supplies--food and munitions--from beach depots to the trenches for a brigade of 4000 men. Since it was his first experience with “real war,” he decided to keep a diary, which he did from the day he landed at Gallipoli (April 25, 1915) until he was evacuated at the end of the campaign in January 1916. He aptly states in the preface to the published version of his diary: “those who desire to survey the whole amazing Gallipoli campaign in perspective must look elsewhere than in these pages...

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History, War stories

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ivil Disobedience (Resistance to Civil Government) is an essay by American transcendentalist Henry David Thoreau that was first published in 1849. In it, Thoreau argues that individuals should not permit governments to overrule or atrophy their consciences, and that they have a duty to avoid allowing such acquiescence to enable the government to make them the agents of injustice. Thoreau was motivated in part by his disgust with slavery and the Mexican–American War....

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Philosophy, Politics