The Price Of Every Thing Rises And

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.

Civilized Countries Generally Adopt Gold Or Silver Or Both As Money.

I Admit That These Terms And The Diagrams Connected With Them Repel Some Readers, And Fill Others With The Vain Imagination That They Have Mastered Difficult Economics Problems, When Really They Have Done Little More Than Learn The Language In Which Parts Of Those Problems Can Be Expressed, And The Machinery By Which They Can Be Handled. When The Actual Conditions Of Particular Problems Have Not Been Studied, Such Knowledge Is Little Better Than A Derrick For Sinking Oil-wells Erected Where There Are No Oil-bearing Strata.

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

The Most Reckless And Treacherous Of All Theorists Is He Who Professes To Let Facts And Figures Speak For Themselves.