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Nassau William Senior

"Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other."

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"Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other."

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Assegid Habtewold

"Employment is the biggest form of slavery."

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Personal Development

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Assegid Habtewold

"The economic base of a nation, is the foundation of the it's secrets."

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Personal Development

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Assegid Habtewold

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

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Personal Development

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Assegid Habtewold

"A farmer is a magician who produces money from the mud."

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Personal Development

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Assegid Habtewold

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Personal Development

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Assegid Habtewold

"Not every single broke and unemployed person needs a job, some need customers."

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Personal Development

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Assegid Habtewold

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

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Personal Development

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Assegid Habtewold

"Major policy reform in the petroleum sector. Under the new Hydrocarbon Exploration Licensing Policy, there will be pricing and marketing freedom and a transparent revenue-sharing methodology. This will eliminate many layers of bureaucratic controls."

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Personal Development

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Assegid Habtewold

"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."

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Personal Development

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Assegid Habtewold

"And it will often happen that a man with wealth in the form of coined money will not have enough to eat, and what a ridiculous kind of wealth is that which even in abundance will not save you from dying with hunger!"

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Nassau William Senior
"With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue."

Happiness

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Nassau William Senior
"The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness."

Nature

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Nassau William Senior
"That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production."

Wealth

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Nassau William Senior
"The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs."

Business

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Nassau William Senior
"The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind."

Body

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Nassau William Senior
"The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction."

Science

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Nassau William Senior
"But that the reasoning from these facts, the drawing from them correct conclusions, is a matter of great difficulty, may be inferred from the imperfect state in which the Science is now found after it has been so long and so intensely studied."

Science

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Nassau William Senior
"Our object in these remarks has been not only to account for the slow progress which has as yet been made by Political Economy, and to suggest means by which its advancement may be accelerated, but also to warn the reader of the nature of the following Treatise."

Nature

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Nassau William Senior
"The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement."

Economy

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Nassau William Senior
"One of the worst of errors would be the general admission of the proposition that a Government has no right to interfere for any purpose except for that of affording protection."

Government

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