Political Economy or Economics is a study of mankind in the ordinary business of life.

Civilized countries generally adopt gold or silver or both as money.

The love for money is only one among many.

Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so.

Individual and national rights to wealth rest on the basis of civil and international law, or at least of custom that has the force of law.

The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.

It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.