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

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.

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

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

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

Every short statement about economics is misleading (with the possible exception of my present one).

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.