The Price Of Every Thing Rises And

Again, Most Of The Chief Distinctions Marked By Economic Terms Are Differences Not Of Kind But Of Degree.

The Price Of Every Thing Rises And Falls From Time To Time And Place To Place; And With Every Such Change The Purchasing Power Of Money Changes So Far As That Thing Goes.

Though A Simple Book Can Be Written On Selected Topics, The Central Doctrines Of Economics Are Not Simple And Cannot Be Made So.

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.

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