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Arthur Latham Perry

One of the chief charms of Political Economy is the open secret, that it deals not with rigidities and inflexible qualities and mathematical quantities and the unchanging laws of matter, but with the billowy play of desires and estimates and purposes and satisfactions, all of which are mental states, and all of which are subject in the general to ascertainable laws, though laws of a quite different kind from those of Mechanics. Values come and they go. Within certain limits and under certain conditions they may be anticipated and even predicted, but never with the precision of an eclipse or the result of a known chemical combination.

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Today

Arthur Latham Perry born, 22nd Amendment ratified

On February 27, 1830, American economist and free trade advocate Arthur Latham Perry was born.

| The Twenty-second Amendment to the United States Constitution, limiting Presidents to two terms, was ratified on February 27, 1951.

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Yves Guyot:

“The effect of a protective duty on any commodity is to raise the price, not only of the amount imported, but of the whole quantity sold in the country; it is a private tax placed upon consumers for the benefit of producers.”


Yves Guyot (6 September 1843 – 22 February 1928) was a French politician and economist.

He was an uncompromising free-trader.

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Today

22nd Amendment

The Twenty-second Amendment to the United States Constitution, limiting Presidents to two terms, was ratified on February 26, 1951.

February 26 marks the Dominican Republic’s Independence Day.

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Thought

John Hancock:

“Security to the persons and properties of the governed is so obviously the design and end of civil government, that to attempt a logical proof of it would be like burning tapers at noonday, to assist the sun in enlightening the world.”

 

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Today

Prussia, feb 25

In Law #46 of February 25, 1947, the Allied Control Council formally proclaimed the dissolution of Prussia.

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Thought

Arthur Latham Perry

What is called the Progress of Civilization has been marked and conditioned at every step by an extension of the opportunities, a greater facility in the use of the means, a more eager searching for proper experdients, and a higher certainty in the securing of the returns, of mutual exchanges among men.

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Thought

Arthur Latham Perry

Arthur Latham PerryWhat is called the Progress of Civilization has been marked and conditioned at every step by an extension of the opportunities, a greater facility in the use of the means, a more eager searching for proper experdients, and a higher certainty in the securing of the returns, of mutual exchanges among men.

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Thought

John Hancock

John Hancock[T]he powers reserved by the people [under the Constitution] render them secure, and until they themselves become corrupt, they will always have upright and able rules.

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Today

Marbury v. Madison, Feb 24

On February 24 1803, the Supreme Court, in Marbury v. Madison, established the principle of judicial review.