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

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.

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

The hope that poverty and ignorance may gradually be extinguished derives indeed much support from the steady progress of the working classes during the 19th century.

All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.

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

The most valuable of all capital is that invested in human beings