The science of economics would be impossible if it recognized as values only those values that are judiciously appraised.
Category: Prices
NATURAL AND ARTIFICIAL SOCIAL ORDER
It is a far cry from a social order founded on the general laws of humanity to an artificial, contrived, and invented order that does not take these laws into account or denies them or scorns them—an order, in a word, such as some of our modern schools of thought would, it seems, impose upon us.
CAPITAL AND RENT
…but from the economic point of view the loan itself could never be considered responsible for previous necessities that it had not created and which, to some extent it relieves.
VI. LES INTERMÉDIAIRES.
[Les services privés] ont toujours pour eux la présomption d’utilité réelle, exactement mesurée par leur valeur comparative.
6. THE MIDDLEMEN.
[Private services] are always characterized by the presumption of genuine utility, accurately measured by their comparative value.
XVIII. – THERE ARE NO ABSOLUTE PRINCIPLES.
You are faced with two paths and you have to choose; and one inevitably leads to poverty.