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Questions of Public Policy; Addresses Delivered in the Page Lecture Series, 1913, Before the Senior Class of the Sheffield Scientific School, Yale University

Questions of Public Policy; Addresses Delivered in the Page Lecture Series, 1913, Before the Senior Class of the Sheffield Scientific School, Yale University


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1913. Not illustrated. Excerpt: ... THE BENEFITS AND EVILS OF THE STOCK EXCHANGE By Willaed V. King If I start with the assumption that you know nothing at all about Wall Street, it is to compliment, not to insult, your intelligence. The realm of knowledge is so broad that no one of us can gain an accurate knowledge of more than a small area of it, remaining superficially informed or entirely ignorant as to much the largest part. This necessarily gives rise, especially in a democracy, to the habit of expressing opinions based on superficial information or complete ignorance--a habit, I might remark, at the base of most of our troubles. I can pay you no higher compliment than to assume that you wish the light, and to give you what light I can without color and without heat. In short, I shall try to be historical, not hysterical. But even with the best intentions and the greatest caution, some of my opinions will meet opposition. The practice of banking, perhaps more than the practice of other trades, differs from the theory as revealed in the text-books in that the human element is preponderant. The tides of human feeling and opinion run so strongly and in such diverse directions that they quite upset calculations based upon the books, even though the principles on which those calculations are made are entirely sound. Hence it is a common matter for business men to dismiss the opinions and advice of college professors as being academic. To be entirely just, the criticism should be that they are merely academic. Deductions from human actions differ widely, and it is this difference which marks the relative degrees of success and failure among men who appear to be equally logical. The faculty which we call judgment is developed by constant practice in such deductions, at one's own expense. Errors in ...


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Product Details
  • ISBN-13: 9780217450911
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 0217450911
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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Questions of Public Policy; Addresses Delivered in the Page Lecture Series, 1913, Before the Senior Class of the Sheffield Scientific School, Yale University
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Questions of Public Policy; Addresses Delivered in the Page Lecture Series, 1913, Before the Senior Class of the Sheffield Scientific School, Yale University
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