All labour is directed towards producing some effect.

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.

In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.

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.

Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.

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

In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old.