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We must expect for a long time yet to see capitalists still striving to obtain the highest possible profits. But observe, that the passion for wealth is certainly in some senses new. It grew up very rapidly at the beginning of the present century; it was not so strong in the last century, when men were much more content to lead a quiet easy life of leisure. The change has really influenced the relations between men; but in the future it is quite possible that the scramble for wealth may grow less intense, and a change in the opposite direction take place.

Arnold Toynbee#8

HistoryEconomicsSocietyCapitalismChangeMotivationWealth

About this quote

What does it mean?
Capitalists will keep seeking maximum profits, but the intense drive for wealth is a recent historical development that may eventually fade.
In plain terms
People chase money more fiercely now than before, but this might change over time.
What can you take from it?
Economic motivations shift across generations and are not permanent.

Where it applies

  • economic analysis
  • historical study
  • policy discussion

Putting it to work

  • analyze economic trends
  • compare historical periods
  • evaluate capitalism

Questions to consider

  • How do cultural values shape economic behavior?
  • What drives changes in wealth pursuit?

Another view

It assumes economic behavior patterns are reversible without specifying how.

More from Arnold Toynbee

  1. It is a great law of social development that the movement from slavery to freedom is also a movement from security to insecurity of maintenance.

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  2. The Comtists are right when they say that men's moral ideas are not fixed. The attitude of public opinion towards slavery was completely changed in twenty or t…

    Permalink to quote #9
  3. You must pursue facts for their own sake, but penetrated with a vivid sense of the problems of your own time. This is not a principle of perversion, but a prin…

    Permalink to quote #6

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