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William Graham Sumner

Works Published inMises Daily Article

All that we call progress is a simple enlargement of chances, and the question of personal happiness is a question of how the chances will be used.

William Graham Sumner was one of the founding fathers of American sociology. Although he trained as an Episcopalian clergyman, Sumner went on to teach at Yale University, where he wrote his most influential works. His interests included money and tariff policy, and critiques of socialism, social classes, and imperialism.

All Works

The Conquest of the United States by Spain

Free MarketsGlobal EconomyOther Schools of Thought

10/06/2017Mises Daily Articles
A modern economist stands aghast at the economic measures adopted by Spain … inspired by some demon of folly, they were so destructive to her prosperity.
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Prosperity Strangled by Gold?

Free MarketsMoney and BanksGold StandardMonetary Theory

07/12/2010Mises Daily Articles
If banks and other credit institutions are multiplied, and if credit operations are facilitated by public security, good administration of law, etc., less money is needed.
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Austrian Paper Money: 1700 and Following

Money and BanksU.S. HistoryFiscal TheoryMonetary Theory

05/10/2010Mises Daily Articles
A government which interferes with banking exposes itself to great danger of error, and such errors cost it popular confidence sooner than any others.
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The Philosophy of Strikes

Free MarketsOther Schools of ThoughtProduction Theory

01/01/2010Mises Daily Articles
"In short, a striker is a man who says, 'I mean to get my living by doing this thing and no other thing as my share of the social effort, and I do not mean to do this thing except on such and such terms'."
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The Fallacy of Territorial Extension

War and Foreign PolicyWorld HistoryInterventionismPolitical Theory

10/08/2009Mises Daily Articles
Any extension will open questions, not close them. Any extension will not make us more secure where we are, but will force us to take new measures to secure our new acquisitions.
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