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Fundamentals of Prosperity What They Are and Whence They Come
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50 pages, Kindle Edition
First published June 1, 2003
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86 people want to read
About the author
Roger W. Babson
98 books2 followersRoger Ward Babson (July 6, 1875 – March 5, 1967), remembered today largely for founding Babson College in Massachusetts, was an entrepreneur and business theorist in the first half of the 20th century. He also founded Webber College, now Webber International University, in Babson Park, Florida, and the defunct Utopia College, in Eureka, Kansas.
He was born to Nathaniel Babson and his wife Ellen Stearns as part of the tenth generation of Babsons to live in Gloucester, Massachusetts. Roger attended Massachusetts Institute of Technology and worked for investment firms before founding, in 1904, Babson's Statistical Organization, which analyzed stocks and business reports. It continues today as Babson-United, Inc..
On March 29, 1900, Babson married his first wife, Grace Margaret Knight, who died in 1956. In 1957 he remarried to Nona M. Dougherty, who died in 1963. Babson died in 1967.
He was born to Nathaniel Babson and his wife Ellen Stearns as part of the tenth generation of Babsons to live in Gloucester, Massachusetts. Roger attended Massachusetts Institute of Technology and worked for investment firms before founding, in 1904, Babson's Statistical Organization, which analyzed stocks and business reports. It continues today as Babson-United, Inc..
On March 29, 1900, Babson married his first wife, Grace Margaret Knight, who died in 1956. In 1957 he remarried to Nona M. Dougherty, who died in 1963. Babson died in 1967.
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October 4, 2015
A short book from 1920 by the founder of Babson College, so a little dated. He is surprisingly uber supportive of the church, since spiritual teachings are the foundation of success. And he's a staunch believer of the Massachusetts work ethic... of which I'm personally a product :)
His Fundamentals are:
1. Integrity
“The seeking after or dispensing of truth”
Important to a person or an institution or system.
There is no safety or civilization without it.
Intregrity is the mother of all knowledge
2. Faith/vision/hope
"The willingness to look ahead and trust God"
The power of our spiritual forces is largely untapped.
3. Industry
The habit of work means power.
Entrepreneurs systematically save money. Wage workers spend their money. Yet the entrepreneur started from the same place as wage workers.
That laziness and extravagance are sins is a New England trait.
4. Cooperation
The best barometer of civilization is the ability to work, serve, help, and give to one another.
Most people are unproductive. Strange, since enthusiastic efficiency is a joy man had instinctively when he was a small boy.
Men act according to their feelings.
5. The Human Soul
Every improvement we’ve ever had has originated in the minds of only 2% of the people.
Jesus urged his followers to look long-term... and the eternal.
7. Studying the Human Soul
Know all of the people who work with you intimately
Spiritual resources need to be revived.
Today’s press wants to make consumers, not producers. They want people to buy, not serve.
Responsibility develops faith, vision, courage, and initiative
8. Boost the other fellow
Develop people, rather than acquire them already-made
Give them responsibility
9. What truly counts:
The need of the hour is to revive in men a desire to produce and a joy for service. Only the entrepreneur can do this.
The mind of a man is a wonderful thing, but unless the soul of a man is awakened, he will lack faith, power, originality, ambition… those vital elements that make a man a real producer.
10. What the numbers show:
Panics have spiritual causes, not financial.
Prosperity is the result of righteousness rather than material things.
Research shows the less money you leave for your children, the better off they will be both financially and spiritually
11. Where religion fails:
It’s a fundamental law: whatever a man sows, he will reap.
We are paid with the coin we give.
12. The future of religion:
Businesses need someone to sell and finance the project.
Religion - the foundation for spiritual strength - is the institution with the least business savvy
His Fundamentals are:
1. Integrity
“The seeking after or dispensing of truth”
Important to a person or an institution or system.
There is no safety or civilization without it.
Intregrity is the mother of all knowledge
2. Faith/vision/hope
"The willingness to look ahead and trust God"
The power of our spiritual forces is largely untapped.
3. Industry
The habit of work means power.
Entrepreneurs systematically save money. Wage workers spend their money. Yet the entrepreneur started from the same place as wage workers.
That laziness and extravagance are sins is a New England trait.
4. Cooperation
The best barometer of civilization is the ability to work, serve, help, and give to one another.
Most people are unproductive. Strange, since enthusiastic efficiency is a joy man had instinctively when he was a small boy.
Men act according to their feelings.
5. The Human Soul
Every improvement we’ve ever had has originated in the minds of only 2% of the people.
Jesus urged his followers to look long-term... and the eternal.
7. Studying the Human Soul
Know all of the people who work with you intimately
Spiritual resources need to be revived.
Today’s press wants to make consumers, not producers. They want people to buy, not serve.
Responsibility develops faith, vision, courage, and initiative
8. Boost the other fellow
Develop people, rather than acquire them already-made
Give them responsibility
9. What truly counts:
The need of the hour is to revive in men a desire to produce and a joy for service. Only the entrepreneur can do this.
The mind of a man is a wonderful thing, but unless the soul of a man is awakened, he will lack faith, power, originality, ambition… those vital elements that make a man a real producer.
10. What the numbers show:
Panics have spiritual causes, not financial.
Prosperity is the result of righteousness rather than material things.
Research shows the less money you leave for your children, the better off they will be both financially and spiritually
11. Where religion fails:
It’s a fundamental law: whatever a man sows, he will reap.
We are paid with the coin we give.
12. The future of religion:
Businesses need someone to sell and finance the project.
Religion - the foundation for spiritual strength - is the institution with the least business savvy
February 2, 2023
From the world-renowned statistician over a century ago. It turns out that he hired the great American poetess Ella Wheeler Wilcox when she was just a messenger girl at Western Union. He includes one of her poems:
I gave a beggar from my little store of wealth some gold;
He spent the shining ore, and came again and yet again,
Still cold and hungry, as before.
I gave a thought—and through that thought of mine,
He found himself, the man supreme, divine,
Fed, clothed and crowned with blessing manifold;
And now he begs no more.
He also gives plenty of old-fashioned American prosperity counsel, as the title suggests. Lots of it dated, but lots of it true:
"Integrity is the mother of knowledge. The desire for truth is the basis of all learning, the value of all experience and the reason for all study and investigation. Without integrity as a basis, our entire educational system would fall to the ground; all newspapers and magazines would become sources of great danger and the publication of books would have to be suppressed. Our whole civilization rests upon the assumption that people are honest. With this confidence shaken, the structure falls. And it should fall, for, unless the truth be taught, the nation would be much better off without its schools, newspapers, books and professions. Better have no gun at all, than one aimed at yourself." pp. 17-18
"Our industrial system has resulted in almost stultifying men economically and making most of them economically non-productive. Why? I don’t know. I simply say it happens and the salvation of our industries depends on discovering something which will revive in man that desire to produce and that joy in production which he had instinctively when he was a small boy. Increased wages will not do it. Shorter hours will not do it. The wage worker must feel right and the employer must feel right. It is all a question of feeling. Feelings rule this world,—not things." p. 41
"I was talking with a large manufacturer the other day, and he told me that he was supporting scholarships in four universities to enable young men to study the raw materials which he is using in his plant. I asked him if he was supporting any scholarships to study the human element in his plant, and he said 'No.' Yet when asked for definite figures, it appeared that eighty per cent. of every dollar which he spends, goes for labour, and only twenty per cent. goes for materials. He is endowing four scholarships to study the twenty per cent. and is not doing a thing to study the eighty per cent.! Statistics show that the greatest undeveloped resources in America are not our mines or our forests or our streams, but rather the human souls of the men and women who work for us." pp. 45-46
"The great problem to-day is to develop the human soul, to develop this wonderful machine which each one of us has between his ears. Only as this is developed can we solve our other problems. When we give as much thought to the solution of the human problem as we give to the solution of the steam problem or the electrical problem, we will have no labour problem. We have gone daffy over things like steam, electricity, water-power, buildings, railroads and ships, and we have forgotten the human soul upon which all of these things depend and from which all of these things originate." p. 50
"Much of the prosperity of this nation is due to the family prayers which were once daily held in the homes of our fathers. To a very large extent this custom has gone by. Whatever the arguments pro and con may be, the fact nevertheless remains that such family prayers nurtured and developed these spiritual resources to which the prosperity of the nation is due. The custom of family prayers should be revived along with many other good New England customs which some modern radicals may ridicule, but to which they owe all that they possess." p. 55
"I am quite often asked about investments. Well, there are times, about once in three or four years—during panics, when every one is scared to death—that I invest in stocks. There are other times when I advise the purchase of bonds. The fact is, however, that I have not made my money investing either in stocks or bonds. What money I have made has come from investing in boys and girls, young men and young women." p. 60
"My appeal is not to wait too long to revive man and awaken the soul which is slumbering to-day. The nation is only a mass of individuals. The true prosperity of a country depends upon the same qualities as the true prosperity of its people. As religion is necessary for the man, it is also necessary for the nation. As the soul of man needs to be developed, so also does the soul of the nation." pp. 66-67
"What are the sources of these fundamentals of prosperity? Where do we get this faith, integrity, industry, coöperation and interest in the soul of man upon which civilization is based?
"As already explained, we do not get it from the raw materials. We have always had the raw materials. We do not get it from education. From a statistical point of view Germany is the best educated country in the world. It has the least illiteracy. It has the largest percentage of scientific culture. No, these three fundamentals do not come from education. They do not come from the inheritance of property. I mentioned in the preceding pages the investigation we made of leading captains of industry in America, the men who head the various greatest industries in this country. Out of this group of men, only ten per cent. inherited their business, while only fifteen per cent. received special education. This shows that the source of these qualities is from something more than wealth or education.
"We are striving and even slaving to lay up property for our children, when statistics clearly show that the more we lay up for them the worse off they are going to be. If statistics demonstrate any one thing, they demonstrate that the less money we leave our children the better off they will be; not only spiritually and physically, but also financially. When it comes to the question of education, we work and economize to give our children an education and to send our children to college. Yet statistics show that only a small percentage of these leading business men are college graduates.
"The success of individuals, the success of communities, the success of nations, depends on these fundamentals,—integrity, faith, industry, brotherly kindness and an interest in the soul of man. To what do we owe these great fundamental qualities? Statistics show clearly that we owe them to religion. Yes, and to the old-fashioned religion of our forefathers. Moreover, I say this not as a churchman. I would give the same message if I were speaking to a group of bankers or a group of engineers. I was first brought into the Church through the Christian Endeavour Society, but I was really converted to the Bible teachings through a study of statistics.
"To religion we owe our civilization and to the Church we owe our religion. All there is in the world to-day that is worth while comes from men filled with, and from groups actuated by, these fundamentals of integrity, faith, industry, brotherly love and those other factors which come only through God. The Church to-day deserves the credit for keeping these factors before the world. Hence, it is evident that the people of America have not the bankers to thank for their security and prosperity, but rather the preachers and the churches. To these men we are obligated for our growth and development." pp. 75-78
"Just before I went to Brazil I was the guest of the President of the Argentine Republic. After lunching one day we sat in his sun parlour looking out over the river. He was very thoughtful. He said, “Mr. Babson, I have been wondering why it is that South America with all its great natural advantages is so far behind North America notwithstanding that South America was settled before North America.” Then he went on to tell how the forests of South America had two hundred and eighty-six trees that can be found in no book of botany. He told me about many ranches that had thousands of acres under alfalfa in one block. He mentioned the mines of iron, coal, copper, silver, gold; all those great rivers and water-powers which rival Niagara. 'Why is it, with all these natural resources, South America is so far behind North America?' he asked. Well, those of you who have been there know the reason. But, being a guest, I said:
“'Mr. President, what do you think is the reason?'
"He replied: 'I have come to this conclusion. South America was settled by the Spanish who came to South America in search of gold, but North America was settled by the Pilgrim Fathers who went there in search of God.'” pp. 94-95
I gave a beggar from my little store of wealth some gold;
He spent the shining ore, and came again and yet again,
Still cold and hungry, as before.
I gave a thought—and through that thought of mine,
He found himself, the man supreme, divine,
Fed, clothed and crowned with blessing manifold;
And now he begs no more.
He also gives plenty of old-fashioned American prosperity counsel, as the title suggests. Lots of it dated, but lots of it true:
"Integrity is the mother of knowledge. The desire for truth is the basis of all learning, the value of all experience and the reason for all study and investigation. Without integrity as a basis, our entire educational system would fall to the ground; all newspapers and magazines would become sources of great danger and the publication of books would have to be suppressed. Our whole civilization rests upon the assumption that people are honest. With this confidence shaken, the structure falls. And it should fall, for, unless the truth be taught, the nation would be much better off without its schools, newspapers, books and professions. Better have no gun at all, than one aimed at yourself." pp. 17-18
"Our industrial system has resulted in almost stultifying men economically and making most of them economically non-productive. Why? I don’t know. I simply say it happens and the salvation of our industries depends on discovering something which will revive in man that desire to produce and that joy in production which he had instinctively when he was a small boy. Increased wages will not do it. Shorter hours will not do it. The wage worker must feel right and the employer must feel right. It is all a question of feeling. Feelings rule this world,—not things." p. 41
"I was talking with a large manufacturer the other day, and he told me that he was supporting scholarships in four universities to enable young men to study the raw materials which he is using in his plant. I asked him if he was supporting any scholarships to study the human element in his plant, and he said 'No.' Yet when asked for definite figures, it appeared that eighty per cent. of every dollar which he spends, goes for labour, and only twenty per cent. goes for materials. He is endowing four scholarships to study the twenty per cent. and is not doing a thing to study the eighty per cent.! Statistics show that the greatest undeveloped resources in America are not our mines or our forests or our streams, but rather the human souls of the men and women who work for us." pp. 45-46
"The great problem to-day is to develop the human soul, to develop this wonderful machine which each one of us has between his ears. Only as this is developed can we solve our other problems. When we give as much thought to the solution of the human problem as we give to the solution of the steam problem or the electrical problem, we will have no labour problem. We have gone daffy over things like steam, electricity, water-power, buildings, railroads and ships, and we have forgotten the human soul upon which all of these things depend and from which all of these things originate." p. 50
"Much of the prosperity of this nation is due to the family prayers which were once daily held in the homes of our fathers. To a very large extent this custom has gone by. Whatever the arguments pro and con may be, the fact nevertheless remains that such family prayers nurtured and developed these spiritual resources to which the prosperity of the nation is due. The custom of family prayers should be revived along with many other good New England customs which some modern radicals may ridicule, but to which they owe all that they possess." p. 55
"I am quite often asked about investments. Well, there are times, about once in three or four years—during panics, when every one is scared to death—that I invest in stocks. There are other times when I advise the purchase of bonds. The fact is, however, that I have not made my money investing either in stocks or bonds. What money I have made has come from investing in boys and girls, young men and young women." p. 60
"My appeal is not to wait too long to revive man and awaken the soul which is slumbering to-day. The nation is only a mass of individuals. The true prosperity of a country depends upon the same qualities as the true prosperity of its people. As religion is necessary for the man, it is also necessary for the nation. As the soul of man needs to be developed, so also does the soul of the nation." pp. 66-67
"What are the sources of these fundamentals of prosperity? Where do we get this faith, integrity, industry, coöperation and interest in the soul of man upon which civilization is based?
"As already explained, we do not get it from the raw materials. We have always had the raw materials. We do not get it from education. From a statistical point of view Germany is the best educated country in the world. It has the least illiteracy. It has the largest percentage of scientific culture. No, these three fundamentals do not come from education. They do not come from the inheritance of property. I mentioned in the preceding pages the investigation we made of leading captains of industry in America, the men who head the various greatest industries in this country. Out of this group of men, only ten per cent. inherited their business, while only fifteen per cent. received special education. This shows that the source of these qualities is from something more than wealth or education.
"We are striving and even slaving to lay up property for our children, when statistics clearly show that the more we lay up for them the worse off they are going to be. If statistics demonstrate any one thing, they demonstrate that the less money we leave our children the better off they will be; not only spiritually and physically, but also financially. When it comes to the question of education, we work and economize to give our children an education and to send our children to college. Yet statistics show that only a small percentage of these leading business men are college graduates.
"The success of individuals, the success of communities, the success of nations, depends on these fundamentals,—integrity, faith, industry, brotherly kindness and an interest in the soul of man. To what do we owe these great fundamental qualities? Statistics show clearly that we owe them to religion. Yes, and to the old-fashioned religion of our forefathers. Moreover, I say this not as a churchman. I would give the same message if I were speaking to a group of bankers or a group of engineers. I was first brought into the Church through the Christian Endeavour Society, but I was really converted to the Bible teachings through a study of statistics.
"To religion we owe our civilization and to the Church we owe our religion. All there is in the world to-day that is worth while comes from men filled with, and from groups actuated by, these fundamentals of integrity, faith, industry, brotherly love and those other factors which come only through God. The Church to-day deserves the credit for keeping these factors before the world. Hence, it is evident that the people of America have not the bankers to thank for their security and prosperity, but rather the preachers and the churches. To these men we are obligated for our growth and development." pp. 75-78
"Just before I went to Brazil I was the guest of the President of the Argentine Republic. After lunching one day we sat in his sun parlour looking out over the river. He was very thoughtful. He said, “Mr. Babson, I have been wondering why it is that South America with all its great natural advantages is so far behind North America notwithstanding that South America was settled before North America.” Then he went on to tell how the forests of South America had two hundred and eighty-six trees that can be found in no book of botany. He told me about many ranches that had thousands of acres under alfalfa in one block. He mentioned the mines of iron, coal, copper, silver, gold; all those great rivers and water-powers which rival Niagara. 'Why is it, with all these natural resources, South America is so far behind North America?' he asked. Well, those of you who have been there know the reason. But, being a guest, I said:
“'Mr. President, what do you think is the reason?'
"He replied: 'I have come to this conclusion. South America was settled by the Spanish who came to South America in search of gold, but North America was settled by the Pilgrim Fathers who went there in search of God.'” pp. 94-95
December 16, 2024
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* -:}|{}|{:- "Fundamentals of Prosperity" by Roger W. Babson | FULL AUDIOBOOK | Keys to Lasting Success -:}|{}|{:- *
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
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* -:}|{}|{:- * SUMMARY * -:}|{}|{:- *
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* -} https://www.youtube.com/watch?v=4VWrl... {- * = Gestalt Psychology Simplified with Examples and Principles
* -:}|{}|{: = MY SYNTHESISED GESTALT )( OF THE AUTHORS FRAMES & IMPLICATIONS = (the conclusion that can be drawn from something although it is not explicitly stated) = :}|{}|{:- *
* -:}|{}|{: = HEAVILY - FUNDAMENTILIST CHRISTIAN VIEW = THE BOOKS ADVICE INSNT INTRILEY BAD BUT EVERY FRAME & CHAPTER CENTERS BACK AROUND TEXTS FROM THE BIBLE & HOW THE CHRISTIAN RELLIGION IS THE REASON FOR ALL PROSPERITY IN THE PLACE THIS MAN LIVES = BUT HE TALKING IN REGARDS 2 SOCIETY AS A WHOLE = ONE OF THE PARTS HITS DIFFERENT WHEN IN ONE PART OF THE BOOK HE MENTIONS HOW WHENEVER - A MAN ASKED JESUS FOR ADVICE OR HELP IN REGARDS 2 MONEY - HE EXPRESSES JESUS SAYING HE WAS FAR 2 BUSY FOR SUCH THINGS THEN LATER IN THE TEXTS TALK ABOUT HOW IF JESUS WOULD COME BACK BEFORE HIS PREACHING OF SERMON ON THE MOUNT HE WOULD SAY 2 INCREASE THE PREACHERS SALLARY - I JUST DONT UNDERSTAND HOW IN ALL SERIOUSNESS SOMEONE COULD PUT THAT IN ALSO = THERE ARE SOME RADICALLY GREEDY PREACHERS THAT JUST HAVE THE ESSENCE OF THE DEVIL = THEY DONT EBODY SELFLESSNESS & THE JUST HAVE SUCH A HORRID TASTE = }|{}|{:- *
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To SEE a WORLD in a Grain of Sand,
And a HEAVEN in a Wild Flower,
Hold INFINITY in the palm of your hand
And ETERNITY in an Hour"
~ William Blake ~
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Form is Emptiness; Emptiness is form.
Form is not different than Emptiness;
Emptiness is not different than form
~ Heart Sutra ~
Like the ocean and its waves,
inseparable yet distinct
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" I and The Father are one,
I am The Truth,
The Life and The Path.”
Like a river flowing from its source,
connected and continuous
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Thy kingdom come.
Let the reign of divine
Truth, Life, and Love
be established in me,
and rule out of me all sin;
and may Thy Word
enrich the affections of all mankind
A mighty oak tree standing firm against the storm,
As sunlight scatters the shadows of night
A river nourishing the land it flows through
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~}--- :}|{:-:}|{:- * FOLLOW 4 FOLLOW * -:}|{:-:}|{: ---{~
~}-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-{~
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* -} https://www.youtube.com/watch?v=jJM3I... {- *
~} * -:}|{}|{:=:}|{}|{:- * - * -:}|{}|{:=:}|{}|{:- * {~
* -:}|{}|{:=:}|{}|{:- *
* -:}|{}|{:- "Fundamentals of Prosperity" by Roger W. Babson | FULL AUDIOBOOK | Keys to Lasting Success -:}|{}|{:- *
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* -:}|{}|{:- * SUMMARY * -:}|{}|{:- *
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* -:}|{:- * RATING * -:}|{:- * 2/10 * -:}|{:- *
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* -} https://www.youtube.com/watch?v=4VWrl... {- * = Gestalt Psychology Simplified with Examples and Principles
* -:}|{}|{: = MY SYNTHESISED GESTALT )( OF THE AUTHORS FRAMES & IMPLICATIONS = (the conclusion that can be drawn from something although it is not explicitly stated) = :}|{}|{:- *
* -:}|{}|{: = HEAVILY - FUNDAMENTILIST CHRISTIAN VIEW = THE BOOKS ADVICE INSNT INTRILEY BAD BUT EVERY FRAME & CHAPTER CENTERS BACK AROUND TEXTS FROM THE BIBLE & HOW THE CHRISTIAN RELLIGION IS THE REASON FOR ALL PROSPERITY IN THE PLACE THIS MAN LIVES = BUT HE TALKING IN REGARDS 2 SOCIETY AS A WHOLE = ONE OF THE PARTS HITS DIFFERENT WHEN IN ONE PART OF THE BOOK HE MENTIONS HOW WHENEVER - A MAN ASKED JESUS FOR ADVICE OR HELP IN REGARDS 2 MONEY - HE EXPRESSES JESUS SAYING HE WAS FAR 2 BUSY FOR SUCH THINGS THEN LATER IN THE TEXTS TALK ABOUT HOW IF JESUS WOULD COME BACK BEFORE HIS PREACHING OF SERMON ON THE MOUNT HE WOULD SAY 2 INCREASE THE PREACHERS SALLARY - I JUST DONT UNDERSTAND HOW IN ALL SERIOUSNESS SOMEONE COULD PUT THAT IN ALSO = THERE ARE SOME RADICALLY GREEDY PREACHERS THAT JUST HAVE THE ESSENCE OF THE DEVIL = THEY DONT EBODY SELFLESSNESS & THE JUST HAVE SUCH A HORRID TASTE = }|{}|{:- *
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
~}-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-{~
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
To SEE a WORLD in a Grain of Sand,
And a HEAVEN in a Wild Flower,
Hold INFINITY in the palm of your hand
And ETERNITY in an Hour"
~ William Blake ~
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
Form is Emptiness; Emptiness is form.
Form is not different than Emptiness;
Emptiness is not different than form
~ Heart Sutra ~
Like the ocean and its waves,
inseparable yet distinct
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
" I and The Father are one,
I am The Truth,
The Life and The Path.”
Like a river flowing from its source,
connected and continuous
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
Thy kingdom come.
Let the reign of divine
Truth, Life, and Love
be established in me,
and rule out of me all sin;
and may Thy Word
enrich the affections of all mankind
A mighty oak tree standing firm against the storm,
As sunlight scatters the shadows of night
A river nourishing the land it flows through
~}- - - - - - - - - - - - - -:}|{:- - - - - - - - - - - - - -{~
~}-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-:}|{:-{~
August 27, 2019
0 Stars !
Statistical studies showed that 95% of employers became employers because of systematic saving of money. 95% of workers stay workers because they spend all their money as fast as they can.
(Isn't saving and investing essential principles of economics in general)
Most valuable resources are human working forces.
Invest in other people.
Church is most important institution? Author What?!
How more absurd can it be? Morality is not same thing as church. Statistics show that countries without christianity can be advanced and morally just. Just look on Norway and Sweden... They have free education for everyone...
Church did not invented Morality, how about other Religions? Philosophy? Taoism? Science?
North America has more resources than South America bescause Spanish people came for gold, but people who occupied northern parts came to search for God...
Author is genius I really admire his explanation! How about Saudi Arabia?
This book is crap.
Totally useless.
Don't waste Your Precious Time on it.
Statistical studies showed that 95% of employers became employers because of systematic saving of money. 95% of workers stay workers because they spend all their money as fast as they can.
(Isn't saving and investing essential principles of economics in general)
Most valuable resources are human working forces.
Invest in other people.
Church is most important institution? Author What?!
How more absurd can it be? Morality is not same thing as church. Statistics show that countries without christianity can be advanced and morally just. Just look on Norway and Sweden... They have free education for everyone...
Church did not invented Morality, how about other Religions? Philosophy? Taoism? Science?
North America has more resources than South America bescause Spanish people came for gold, but people who occupied northern parts came to search for God...
Author is genius I really admire his explanation! How about Saudi Arabia?
This book is crap.
Totally useless.
Don't waste Your Precious Time on it.
August 30, 2025
An audiobook of this is available for free, thank you Libravox! https://www.youtube.com/watch?v=ecv62...
What I expected to offer interesting business insight and perhaps a touch of economic wisdom was instead a muddled mess of religious thought and work ethic. Babson's argument is fine if you wish to promote just the integrity of a company, but he has utterly failed in his belief that religion is the only method. Look at the corporations around you, many to most are devoid of these concepts he mentions, and yet they do indeed prosper. He may very well be correct from a moral standpoint to some degree, but time has proven prosperity (in our world) does not rely purely on belief. You're best saving this book for your sunday group, and maybe picking up something else if you're seriously wanting business/economic advice.
What I expected to offer interesting business insight and perhaps a touch of economic wisdom was instead a muddled mess of religious thought and work ethic. Babson's argument is fine if you wish to promote just the integrity of a company, but he has utterly failed in his belief that religion is the only method. Look at the corporations around you, many to most are devoid of these concepts he mentions, and yet they do indeed prosper. He may very well be correct from a moral standpoint to some degree, but time has proven prosperity (in our world) does not rely purely on belief. You're best saving this book for your sunday group, and maybe picking up something else if you're seriously wanting business/economic advice.
February 24, 2023
Industry and thrift are closely allied. Economic studies show clearly that ninety-five per cent. of the employers are employers because they systematically saved money. Any man who systematically saves money from early youth automatically becomes an employer. He may employ thousands or he may have only two or three clerks in a country store, but he nevertheless is an employer.
It is a fact that the third fundamental of prosperity is Industry.
It is a fact that the third fundamental of prosperity is Industry.
April 22, 2024
The book is more relevant today!
The question “what happened to the United States?” is asked often these days. Read this book and if you are aware you will discover why we are struggling to main our identity as a nation.
The question “what happened to the United States?” is asked often these days. Read this book and if you are aware you will discover why we are struggling to main our identity as a nation.
July 7, 2018
Spirit over knowledge
February 26, 2019
Amazing prophetic book. Ahead of its' time. Had to adjust to some of the language used in the 1920's when the book was written.
October 27, 2023
🖊 My review: I like the points put forth at the beginning of this book: “The fact is, we have become crazy over material things. We are looking only at the structure above ground. We are trying to get more smoke from the chimney. We are looking at space instead of service, at profits instead of volume. With our eyes focused on the structure above ground, we have lost sight of those human resources, thrift, imagination, integrity, vision and faith which make the structure possible.”
How true.
This easy-to-read book that was first published a century ago is filled with information and points that are most definitely appropriate to the world of today.
✔️Published in 1920.
📌 Would I read this again? Yes.
🤔 My rating 🌟🌟🌟🌟🌟
🟣 Media form: Kindle version.
🟢 Media form: Project Gutenberg .
🔲 Excerpts :
How true.
This easy-to-read book that was first published a century ago is filled with information and points that are most definitely appropriate to the world of today.
✔️Published in 1920.
📌 Would I read this again? Yes.
🤔 My rating 🌟🌟🌟🌟🌟
🟣 Media form: Kindle version.
🟢 Media form: Project Gutenberg .
🔲 Excerpts :
🔸 Our whole civilization rests upon the assumption that people are honest. With this confidence shaken, the structure falls. And it should fall, for, unless the truth be taught, the nation would be much better off without its schools, newspapers, books and professions. Better have no gun at all, than one aimed at yourself. The corner-stone of prosperity is the stone of Integrity.
🔸 Most of us to-day are frantically trying to invent a machine which will solve our problems, when all the while we have the machine within us, if we will only set it going. That machine is the human soul.
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