A Quote by Nassau William Senior
Our object in these remarks has been not only to account for the slow progress which has as yet been made by Political Economy, and to suggest means by which its advancement may be accelerated, but also to warn the reader of the nature of the following Treatise.
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We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.
It is my object, in the following work, to travel over ground which has as yet been little explored and to make my reader acquainted with a species of Remains, which, though absolutely necessary for understanding the history of the globe, have been hitherto almost uniformly neglected.
The main object of the work was to present such a survey of the advances already made in physical knowledge, and of the mode in which they have been made, as might serve as a real and firm basis for our speculations concerning the progress of human knowledge, and the processes by which sciences are formed.
I end with a word on the new symbols which I have employed. Most writers on logic strongly object to all symbols. ... I should advise the reader not to make up his mind on this point until he has well weighed two facts which nobody disputes, both separately and in connexion. First, logic is the only science which has made no progress since the revival of letters; secondly, logic is the only science which has produced no growth of symbols.
This book is not a polemic treatise but a powerful, well-researched account that sensitizes any reader to the ways in which in-difference permits brutality and genocide.
Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.
The 'American dream' ... means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The 'American dream' also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them. In recent years, the dream has been fading.
I believe that the harm which Mill has done to the world by the passage in his book on Political Economy in which he favours the principle of Protection in young communities, has outweighed all the good which may have been caused by his other writings.
It is a principle of our nature that feelings once excited turn readily from the object by which they are excited to some other object which may for the time being take possession of the mind.
The credit of my good upbringing goes to my mother, who's not only been a single parent to my brother and I, but she's also been 'our' manager for the longest time. Our father, on the other hand, remained elusive and away from the family for most part of our lives, which left a certain void but also made us creative and reflective.
A fiction which is designed to inculcate an object wholly alien to the imagination sins against the first law of art; and if a writer of fiction narrow his scope to particulars so positive as polemical controversy in matters ecclesiastical, political or moral, his work may or may not be an able treatise, but it must be a very poor novel.
Amid all the revolutions of the globe, the economy of Nature has been uniform, ... and her laws are the only things that have resisted the general movement. The rivers and the rocks, the seas and the continents, have been changed in all their parts; but the laws which direct those changes, and the rules to which they are subject, have remained invariably the same.
We still have to learn how to live peacefully, not only with our fellow men but also with nature and, above all, with those Higher Powers which have made nature and have made us; for, assuredly, we have not come about by accident and certainly have not made ourselves
The progress of science has always been the result of a close interplay between our concepts of the universe and our observations on nature. The former can only evolve out of the latter and yet the latter is also conditioned greatly by the former. Thus in our exploration of nature, the interplay between our concepts and our observations may sometimes lead to totally unexpected aspects among already familiar phenomena.
Time, which measures everything in our idea, and is often deficient to our schemes, is to nature endless and as nothing; it cannot limit that by which alone it had existence; and as the natural course of time, which to us seems infinite, cannot be bounded by any operation that may have an end, the progress of things upon this globe, that is, the course of nature, cannot be limited by time, which must proceed in a continual succession.
Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends -- honesty and hard work, courage and fair play, tolerance and curiosity, loyalty and patriotism -- these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded, then, is a return to these truths.
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