Lack of appreciation of the life of business is sinful and unjust. A
high-principled businessman may be one of the noblest leaders of
mankind. The world needs great business men--men who will know how to
use the resources of a country, how to plan for its industry,
manufactures, and commerce: men who understand the principles of
production and exchange; ways of transportation; systems of credit and
banking: men who know the constitution of the country, and the history
of its development; its strength and weakness, its possibilities and
needs: men who will deal honorably in business contracts, both with
buyers and employees, and also with law-making bodies: men who will
steadily try to advance international prosperity, as well as
personal wealth.
But to understand business on this plane, and to conduct it in this
large way, needs a fine education, an education built, first of all, on
a practical basis, such as the education of our common schools. Then
should follow a course in the ideals of the race, the classic studies in
language, literature, history, science, and philosophy. Then should come
a technical course, graduate or undergraduate, such as the courses
offered by the Universities of Pennsylvania, Chicago, Wisconsin, which
include, in general, lectures and special studies in Public Law and
Politics, Business Law and Practice, Political Economy, Statistics,
Banking, Finance, and Sociology.
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