Political Economy Or Economics Is A Study

And Very Often The Influence Exerted On A Person's Character By The Amount Of His Income Is Hardly Less, If It Is Less, Than That Exerted By The Way In Which It Is Earned.

We Might As Well Reasonably Dispute Whether It Is The Upper Or The Under Blade Of A Pair Of Scissors That Cuts A Piece Of Paper, As Whether Value Is Governed By Demand Or Supply.

The Most Valuable Of All Capital Is That Invested In Human Beings

Though A Simple Book Can Be Written On Selected Topics, The Central Doctrines Of Economics Are Not Simple And Cannot Be Made So.

Material Goods Consist Of Useful Material Things, And Of All Rights To Hold, Or Use, Or Derive Benefits From Material Things, Or To Receive Them At A Future Time.