However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone and that more emphasis should have been placed on the 'lust for power' with economic gains seen as a means of exercising power rather an end in themselves.
Peter CainRelated topics
autobiography causation emphasis end exercising imperialism now power seen should study thought meansRelated quotes
Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.
Ayn Rand
Haller's sickness of soul, as I now know, is not the eccentricity of a single individual, but the sickness of the times themselves, the neurosis of that generation to which Haller belongs, a sickness, it seems, that by no means attacks the weak and worthless only but rather those who are strongest in spirit and richest in gifts.
Hermann Hesse