Those animals which are incapable of making binding agreements with one another not to inflict nor suffer harm are without either justice or injustice; and likewise for those peoples who either could not or would not form binding agreements not to inflict nor suffer harm.
The monopolist . . . never has unlimited control; he merely has the choice within the laws of price of different ‘economically possible’ price levels. He can select that price at which the combination of profit for each article, and the number of articles to be sold at that price, are likely to promise the greatest total profit, but he cannot exert his ‘power’ in any other way than in conformity with the laws of price, for it is his behavior that establishes the ‘price law,’ namely the conditions of the amount offered at a given price level, but never can he counteract the laws of price.
Eugen von Böhm-Bawerk, “Control or Economic Law,” Zeitschrift für Volkswirtshaft, Sozialpolitik und Verwaltung, Volume XXIII (1914): 205–71; John Richard Mez, Ph.D., translator.
The just person enjoys the greatest peace of mind, while the unjust is full of the utmost disquietude.
Epicurus, Principal Doctrines, 17
“Scientific method consists in applying to those subjects which lie without the range of our immediate experience those same common-sense methods of reasoning which successful men of the world apply in judging of matters which concern their own interests.”
Simon Newcomb, Principles of Political Economy, 1886, chapter III, “Of Scientific Method”
[T]hrift is never popular. . . . If parliaments have historically been the guardians of thrift, they now have turned much rather into its sworn enemies. Nowadays, the political and national parties — maybe not exclusively in our own country, but certainly also here — tend to develop a certain covetousness, almost considered to be dutiful, for all kinds of benefits for their own electorate at the expense of the general public.
Eugen von Böhm-Bawerk, as quoted by Ludwig von Mises, “The Economist Eugen von Böhm-Bawerk” (Neue Freie Presse, Vienna, August 27, 1924) — described by Mises as “the last words that Böhm-Bawerk addressed to Austria’s financial authorities.”
It is up to the government to keep the government’s secrets.
Bob Novak was born on February 26, 1931. He died in 2009.
I bet you are one of those people who dreams of immortality but has no idea what to do on a Sunday.
I feel anxious for the fate of our monarchy, or democracy, or whatever is to take place. I soon get lost in a labyrinth of perplexities; but, whatever occurs, may justice and righteousness be the stability of our times, and order arise out of confusion. Great difficulties may be surmounted by patience and perseverance.
[T]here is one . . . thing that not even the most imposing dictate of power will accomplish: It can never effect anything in contradiction to the economic laws of value, price, and distribution; it must always be in conformity with these; it cannot invalidate them; it can merely confirm and fulfill them.
Eugen von Böhm-Bawerk, “Control or Economic Law,” Zeitschrift für Volkswirtshaft, Sozialpolitik und Verwaltung, Volume XXIII (1914): 205–71; John Richard Mez, Ph.D., translator.
If an ideology produces unhappiness, misery, grief, division, sickness, boredom, and hatred, surely this is not a commendation but an indictment.
John Norman, GorChronicles.com