The Love For Money Is Only One

Nature's Action Is Complex: And Nothing Is Gained In The Long Run By Pretending That It Is Simple, And Trying To Describe It In A Series Of Elementary Propositions.

I Admit That These Terms And The Diagrams Connected With Them Repel Some Readers, And Fill Others With The Vain Imagination That They Have Mastered Difficult Economics Problems, When Really They Have Done Little More Than Learn The Language In Which Parts Of Those Problems Can Be Expressed, And The Machinery By Which They Can Be Handled. When The Actual Conditions Of Particular Problems Have Not Been Studied, Such Knowledge Is Little Better Than A Derrick For Sinking Oil-wells Erected Where There Are No Oil-bearing Strata.

In The Absence Of Any Short Term In Common Use To Represent All Desirable Things, Or Things That Satisfy Human Wants, We May Use The Term Goods For That Purpose.

And Very Often The Influence Exerted On A Person's Character By The Amount Of His Income Is Hardly Less, If It Is Less, Than That Exerted By The Way In Which It Is Earned.

Producer's Surplus Is A Convenient Name For The Genus Of Which The Rent Of Land Is The Leading Species.