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

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

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

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

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

All labour is directed towards producing some effect.

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