Posts Tagged ‘charles babbage’

Charles Babbage: Compound Cash

Posted by admin on Thursday, December 26, 2019

Charles Babbage Money Quote saying gaining a store of knowledge can be more valuable than gaining accumulation of cash and produces greater gains. Charles Babbage said:
 
Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital  Quote
 

“Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance” — Charles Babbage

 
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Charles Babbage: Industrial War

Posted by admin on Wednesday, December 26, 2018

Charles Babbage Money Quote saying industrial adoption can accomplish greater gains for society than great wars won. Charles Babbage said:
 
The triumph of the industrial arts will advance the cause of civilization more rapidly and contribute to the permanent prosperity and strength of the country far more than the most splendid victories of successful war Quote
 

“The triumph of the industrial arts will advance the cause of civilization more rapidly than its warmest advocates could have hoped, and contribute to the permanent prosperity and strength of the country far more than the most splendid victories of successful war” — Charles Babbage

 
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Born December 26, 1791 – Died October 18, 1871
 
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