The last point for consideration is the supposed disposition of the people to interfere with the rights of property. So essential does it appear to me, to the cause of good government, that the rights of property should be held sacred, that I would agree to deprive those of the elective franchise against whom it could justly be alleged that they considered it their interest to invade them.

Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported

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

The demand for money is regulated entirely by its value, and its value by its quantity.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.