Will’s Reviews > Principles of Economics > Status Update
Will
is on page 100 of 328
"In towns situated on rivers with more water than is wanted by the inhabitants for the satisfaction of their needs. In virgin forests, everyone fetches unhindered the quantity of timber he needs. And everyone admits as much light and air into his house as he thinks proper. This communism is as naturally founded upon a non-economic relationship as property is founded upon one that is economic."
Page 100-101
— Oct 28, 2021 02:54PM
Page 100-101
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Will
is on page 250 of 328
"Competition leads ... to large scale production with its tendency to make many small profits and with its high degree of economy, since the smaller the profit on each unit the more dangerous becomes every uneconomic waste, and the brisker the competition the less possible becomes an unthinking continuation of business according to old-established methods."
Page 225
— Nov 05, 2021 07:06PM
Page 225
Will
is on page 100 of 328
"Economizing individuals strive to better their economic positions as much as possible. To this end they engage in economic activity in general. And to this end also, whenever it can be attained by means of trade, they exchange goods. Prices are only incidental manifestations of these activities, symptoms of an economic equilibrium between the economies of individuals."
Page 191
— Nov 05, 2021 05:35PM
Page 191
Will
is on page 100 of 328
"According to whether the importance of the given satisfaction to us, in a case such as this, is greater or smaller, the value of the particular good to us will be greater or smaller." Page 129
— Nov 01, 2021 06:47PM
Will
is on page 100 of 328
"Nor does the fact that a thing is a product of labor by itself necessarily result in its having goods-character, let alone economic character. Hence the labor expended in the production of labor expended in the production of labor a good cannot be criterion of economic character."
Page 102
— Oct 28, 2021 04:23PM
Page 102
Will
is on page 100 of 328
"Experience tells us that many goods on which no labor was expended display economic character whenever they are available in quantities that do not meet our requirements."
Page 102
— Oct 28, 2021 04:23PM
Page 102
