Lewis Lapham on the Uses of Money

“Let men employ money as energy made by mortal men for the use of mortal men—as the active and productive wealth underwriting Hamilton’s projections of the public good, in the form of the Medici loans floating the speculation of the Renaissance—and money enlarges the sum of man’s humanity to man.”

Lewis Lapham emphasis added


From the same article:

“Andrew Carnegie would have seconded Wharton’s motion. The builders of America’s nineteenth-century industrial colossus, among them John D. Rockefeller and J. P. Morgan, tended to take money less seriously than did their heirs and publicists. As often as not, they were more interested in something else—an idea or a contraption or a problem in geography. Money was a secondary consequence, accumulating in the hall with the flowers, the dachshunds, and the art collection. ‘The amassing of wealth,’ Carnegie regarded as ‘one of the worst species of idolatry.’”