Services have value, not according to the labor they demand or have demanded, but according to the labor they save.
His greatest compensation consists in this fact: even as he was forced to benefit mankind by his progress, so he benefits from the progress of mankind.
Value is determined after bargaining between two contracting parties.
Let us bless the obstacles that the high cost of fuel in our country puts in the way of the multiplication of steam engines.
Cependant, on peut remarquer que la loi générale des êtres susceptibles d’expérimenter, d’apprendre et de se rectifier, c’est le progrès.
We may note, however, that for beings endowed with a capacity for experimenting, learning, and improving, progress is the general law.
We may say that the natural social order is perfectible and harmonious if, on the one hand, the number of men engaged in unskilled labor and receiving the lowest possible wages is continually decreasing, and if, on the other, these wages, measured, not in value or in money, but in material satisfactions, are continually increasing.
When we compare the height of two trees, their heights and the difference between their heights are distinct from our evaluation of them.
Scarcity is one of these difficulties. It is one more obstacle to surmount.
It is not granted to any man to arrive at the outermost limits of knowledge. Scholars climb upon one another’s shoulders to explore a horizon that keeps on extending farther and farther.
It is too bad, perhaps, that tokay wine is not as plentiful, and therefore not as cheap, as ordinary red wine. But this is not a social evil; it was imposed on us by Nature.
The consumer causes the value to vanish, because it was created for this end.
Yes, through a faulty definition, political economy has put logic on the side of the socialists.
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.