Note 265 — Chapter II
Reading edition
This view appears to be substantially at one with the reasoning of Dr. Cunningham (Western Civilisation, pp. 112-23). I must dissent, however, from his apparent position (pp. 119-21) that it was the mode of the expenditure that was wrong, and that Athens might have employed her ill-gotten capital "productively" in the modern economic sense. The cases of Miletus and Tyre, cited by him, seem to be beside the argument.