Labour once spent has no influence on the future value of any article; it isgone and lost for … - William Stanley Jevons

Same topic Authors

Quote of the day

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

William Stanley Jevons

Labour once spent has no influence on the future value of any article; it isgone and lost for ever. In commerce bygones are forever bygones; and we are alwaysstarting clearat each moment, judging the values of things with a view to future utility.

Forever, Future, Judging, Labour, Value, Views

Same Author Quotes

Ina regular and constant employment the greatest result will always be gained by such a rate as allows a workman each day,or each week at the most, to recover all fatigue and recommence with an undiminished store of energy.

Constant, Each Day, Employment, Energy, Recommence, Result

Charles Babbage proposed to make an automaton chess-player which should register mechanically the number of games lost and gained in consequence of every sort of move. Thus, the longer the automaton went on playing game, the more experienced it would become by the accumulation of experimental results. Such a machine precisely represents the acquirement of experience by our nervous organization.

Mechanically, Moving, Player, Precisely, Proposed, Science

In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that their science can only be satisfactorily treated on an explicitly mathematical basis.

Basis, Convince, Explicitly, Mathematical, Wish, Writing

In any case I hold that there must arise a science of the development of economic forms and relations.

Development, Economic, Form, Forms, Hold

The child which overbalances itself in learning to walk is experimenting on the law of gravity.

Children, Learning, Science, Experimenting, Walk

Similar Quotes

Dorothy Thompson

When a sixth of the population of a nation which has undertaken to be the refuge of liberty are slaves, and a whole country [Mexico] is unjustly overrun and conquered by a foreign army, and subjected to military law, I think that it is not too soon for honest men to rebel and revolutionize. What makes this duty the more urgent is the fact that the country so overrun is not our own, but ours is the invading army.

Army, Country, Military, Population

Voltaire

Religion may be purified. This great work was begun two hundred years ago: but men can only bear light to come in upon them by degrees.

Bear, Light, Men, Years

Charlie Munger

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

Economics, Ethos, Physics, Precision, Search

Charles Caleb Colton

Sturdy beggars can bear stout denials.

Bears, Denial, Denials, Stout, Sturdy

Jane Austen

It is a difference of opinion which does not admit of proof. We each begin probably with a little bias towards our own sex, and upon that bias build every circumstance in favour of it which has occurred within our own circle.

Circles, Difference, Differences, Sex, Towards