And where did you see, my lords, that the freedom of transactions principle was purely, exclusively English?
Every Englishman must be allowed to buy in the cheapest market, and sell in the dearest.
Oh, let us not readily believe that Ricardo, Say, Malthus, and Rossi, such eminent and well-founded minds, are mistaken. But let us not, either, lightly admit a theory that leads to such monstrosities.
Capital is the characteristic marker of progress. It is the necessary and unique conduit for it. Its special mission is to help value transitioning from being expensive to being free.
I do not think that people are wrong in the sense that they honour the rich; their mistake is to honour the honest wealthy gentleman and the deceitful wealthy person indiscriminately…
Therefore, certain writers, whose opinion has been biased by the sight of crushing and abusive taxation, have been wrong in considering as lost all values allocated to public services.
The excess of productive capacity over wants, creating for each generation a surplus of wealth, allows it to rear a new generation more numerous than itself.
Let me note that for this term, the means of subsistence, once universally accepted, J. B. Say has substituted another term that is much more accurate: the means of existence.
Saving is voluntarily postponing until a later date our payment from society, in the form of equivalent services, for services previously rendered it.
Modern philosophers who declaim against wealth without taking into account the difference in the means of acquiring it liken themselves to Seneca or Christ. They are mere parrots repeating words that they do not understand.
Without perceiving what is happening, he will permit himself to be carried along, content merely to consider effects, obstacles, the interests of the producer, and worse yet, to confuse those interests with the public interest. This, in fact, amounts to choosing the ills instead of the benefits…
Let us bless the obstacles that the high cost of fuel in our country puts in the way of the multiplication of steam engines.
Neither of them could possibly win a complete victory, because the word has both meanings, depending on whether one views wealth as real or relative.
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.
In the state of isolation, one man’s prosperity is inimical to that of all others.
In the same way, the value of an industry is based only on the wealth of its customers.
When you claim the merit for all the good that occurs, you incur responsibility for all the harm that arises.