The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.

The property a man has in his own industry, is violated, whenever he is forbidden the free exercise of his faculties or talents, except insomuch as they would interfere with the rights of third parties.

To a proprietor of a mine, the silver money is a produce with which he buys what he has occasion for. To all those through whose hands this silver afterwards passes, it is only the price of the produce which they themselves have raised by means of their property in land, their capitals, or their industry. In selling them they in the first place exchange them for money, and afterwards they exchange the money for articles of consumption.

If one individual, or one class, can call in the aid of authority to ward off the effects of competition, it acquires a privilege and at the cost of the whole community; it can make sure of profits not altogether due to the productive services rendered, but composed in part of an actual tax upon consumers for its private profit' which tax it commonly shares with the authority that thus unjustly lent its support.

Alas, how many have been persecuted for the wrong of having been right?

Political economy has only become a science since it has been confined to the results of inductive investigation.

The theory of interest was wrapped in utter obscurity, until Hume and Smith dispelled the vapor.