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The new morality does not consist in saving but in expanding consumption.

Simon Patten

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By their victory, the 3rd, 4th and 5th Marine Divisions and other units of the Fifth Amphibious Corps have made an accounting to their country which only history will be able to value fully. Among the Americans serving on Iwo island, uncommon valor was a common virtue.
Chester W. Nimitz

Simon Patten

Simon Patten
Creative Commons

Born: 1852
Died: 1922 (aged 70)
Bio: Simon Nelson Patten was an influential economist and the chair of the Wharton School of Business at the University of Pennsylvania.
Known for:
  1. The new basis of civilization (1907)
  2. Theory of prosperity (1902)
  3. The Development Of English Thought (1899)
  4. The consumption of wealth (1889)
  5. Economic basis of protection (1890)

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