The Modern Library is an American publishing company. Initiated during 1917 by Albert Boni and Horace Liveright as an imprint of their publishing company Boni & Liveright, it was purchased in 1925 by Bennett Cerf and Donald Klopfer. Random House began during 1927 as a subsidiary of the Modern Library, but eventually became the parent company.
Read more about Modern Library: Recent History, Modern Library Lists
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“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
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