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

Consumption may be regarded as negative production.

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.

We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.

Capital is that part of wealth which is devoted to obtaining further wealth.

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

All labour is directed towards producing some effect.