What is theory except the methodical presentation of universal practice?
The science of economics would be impossible if it recognized as values only those values that are judiciously appraised.
Value, then, is in the service, since value changes as the service does and in the same degree.
We cannot feel another persons’ wants; we cannot feel another person’s satisfactions; but we can render services to one another.
To bring a thing to its complete state of utility, the contribution of labor is in inverse ratio to the contribution of Nature.
But I, for my part, thought that we made the law and that we paid the State to protect our rights, and not to destroy them.
…the political writers who deny this and the public speakers who exploit this alleged social scourge are inciting workers to a senseless and unjust conflict whose only outcome will be the misfortune of all.
Alas, there is no club capable of crushing a sophism.
We therefore come to the conclusion that all economic sophisms, in spite of their infinite variety, have this in common: they confuse the means with the end and develop one at the expense of the other.