The farmer and manufacturer can no more live without profit than the labourer without wages.

But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.

There can be no greater error then in supposing that capital is increased by non-consumption.

Labour, like all other things which are purchased and sold... has its natural and its market price.

Profits are not made by differential cleverness, but by differential stupidity.

Taxation under every form presents but a choice of evils.

Money is neither a material to work upon nor a tool to work with.