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as I get older there is nothing more constantly astonishing to me than the goodness of the Bad; - unless it is the badness of the Good.

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William Stanley Jevons

PLEASURE and pain are undoubtedly the ultimate objects of the calculus of economics. To satisfy our wants to the utmost with the least effort - to procure the greatest amount of what is desirable at the expense of the least that is undesirable - in other words, to maximize pleasure, is the problem of economics.

Amount, Effort, Objects, Pain, Utmost, Want
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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
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