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.
More Quotes from Nassau William Senior:
That, agricultural skill remaining the same, additional labour employed on the land within a given district, produces a less proportionate return.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
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
No one blames a writer upon tactics for confining his attention to military affairs, or, from his doing so, infers that he recommends perpetual war.
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
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Based on Topics: Money & Wealth Quotes, Nature QuotesBased on Keywords: explains, propositions, theoretic
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