Newton Was Not The First Of The

The Central Principle Of Investment Is To Go Contrary To The General Opinion, On The Grounds That If Everyone Agreed About Its Merits, The Investment Is Inevitably Too Dear And Therefore Unattractive.

All Production Is For The Purpose Of Ultimately Satisfying A Consumer.

It Is Preferable To Regard Labour, Including, Of Course, The Personal Services Of The Entrepreneur, And His Assistants, As The Sole Factor Of Production, Operating In A Given Environment Of Technique, Natural Resources, Capital Equipment And Effective Demand. This Is Why We Have Been Able To Take Labour As The Sole Physical Unit Which We Require In Our Economic System, Apart From Units Of Money And Of Time.

It Is Impossible That The Intention Of The Entrepreneur Who Has Borrowed In Order To Increase Investment Can Become Effective (except In Substitution For Investment By Other Entrepreneurs Which Would Have Occurred Otherwise) At A Faster Rate Than The Public Decide To Increase Their Savings

Never In History Was There A Method Devised Of Such Efficacy For Setting Each Country's Advantage At Variance With Its Neighbours' As The International Gold (or, Formerly, Silver) Standard.