The surplus revenue which they occasion beyond average wages and profits is a revenue for which no additional sacrifice has been made.
More Quotes from Nassau William Senior:
The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs.Nassau William Senior
The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction.
Nassau William Senior
The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness.
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
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
Thus, in ordinary language, the word Capital is sometimes used as comprehending every species of Wealth, and sometimes as confined to Money.
Nassau William Senior
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