I'il n'est pas en notre pouvoir de changer la nature des choses. Il faut les йtudier telles qu'elles sont.

All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce.

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.

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

Nothing can be more idle than the opposition of theory to practice!

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

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.