But that the reasoning from these facts, the drawing from them correct conclusions, is a matter of great difficulty, may be inferred from the imperfect state in which the Science is now found after it has been so long and so intensely studied.
More Quotes from Nassau William Senior:
The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind.Nassau William Senior
Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
Nassau William Senior
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
Nassau William Senior
The surplus revenue which they occasion beyond average wages and profits is a revenue for which no additional sacrifice has been made.
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.
Nassau William Senior
That every person is desirous to obtain, with as little sacrifice as possible, as much as possible of the articles of wealth.
Nassau William Senior
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