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

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.

But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities.

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.

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.

The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.

Nature's action is complex: and nothing is gained in the long run by pretending that it is simple, and trying to describe it in a series of elementary propositions.