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...Louis XIV or George III it seemed as natural to impose the equivalent of a modern tariff or embargo as to breathe. It seems so still to a majority of statesmen. That Great Britain in the igth Century took another line was due to such bold spirits as Thinker Adam Smith, Propagandist Richard Cobden, Pioneer Sir Robert Peel, Statesman William Ewart Gladstone, and to Geography...

Author: /time Magazine | Title: GREAT BRITAIN: Empire Runcimanned | 11/30/1931 | See Source »

Smith to Gladstone- To Adam Smith, who published his epochal The Wealth of Nations in 1776, occurred the unusual idea that when anything is bought or sold profit accrues to both buyer and seller. Before Thinker Smith and since, the tendency of human nature has been to assume that the seller outsmarts the buyer. Nations try to outsmart each other by selling more than they buy. Each assumes that by erecting a tariff wall it will smartly reduce its own purchases (imports) while continuing to push its sales (exports...

Author: /time Magazine | Title: GREAT BRITAIN: Empire Runcimanned | 11/30/1931 | See Source »

...speakers could have held the attention of such an audience for an hour on such a discourse," Professor Whitehead remarked in an expression of appreciation. "The speaker is a thinker without a living peer...

Author: NO WRITER ATTRIBUTED | Title: PSYCHOLOGY NOT NEEDED FOR LOGIC, RUSSELL DECLARES | 10/27/1931 | See Source »

Edison's heritage was that of Protestant Western Reserve. He professed no religion, avowed himself a Free Thinker. A sardonic writer once pictured Edison at the Gates of Heaven. Said the Scientist to St. Peter: "I gave the world . . . good light, cheap light. Is it my fault they used it to ... make a cheap bazaar out of every street? ... I gave them the phonograph, so that every man, woman and child might know the glory of great music. . . . Yet today I am afraid there is less music in the heart and mind of the common man. ... I gave them...

Author: /time Magazine | Title: Science: World Citizen | 10/12/1931 | See Source »

...last fortnight, was born in Alabama, got his general education at Williams College, his law at New York University. He is swarthy, small and solidly built. Membership in the "Dr. John Roach Straton's Sunday Morning Bowling & Breakfast Club" has not prevented a gentle paunch. He is a swift thinker, an eager talker. To him, as to Lawyer Arthur Garfield Hays. Liberals, workers, writers and bohemians look for championship & defense. Other books: (with others) To the Pure: History of Obscenity ; Censored: Private Life of the Movies (TIME, March...

Author: /time Magazine | Title: Books: Compact Disgust* | 9/7/1931 | See Source »

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