There is no such thing as absolute cost of labour; it is all a matter of comparison. Every … - William Stanley Jevons

Same topic Authors

Quote of the day

I was a runner who happened to be a Christian. I needed to become a Christian who happened to be a runner.

William Stanley Jevons

There is no such thing as absolute cost of labour; it is all a matter of comparison. Every one gets the most which he can for his exertions; some can get little or nothing, because they have not sufficient strength, knowledge or ingenuity; others get much, because they have, comparatively speaking, a monopoly of certain powers.

Cost, Knowledge, Littles, Matter, Strength, Sufficient

Same Author Quotes

Ina regular and constant employment the greatest result will always be gained by such a rate as allows a workman each day,or each week at the most, to recover all fatigue and recommence with an undiminished store of energy.

Constant, Each Day, Employment, Energy, Recommence, Result

Charles Babbage proposed to make an automaton chess-player which should register mechanically the number of games lost and gained in consequence of every sort of move. Thus, the longer the automaton went on playing game, the more experienced it would become by the accumulation of experimental results. Such a machine precisely represents the acquirement of experience by our nervous organization.

Mechanically, Moving, Player, Precisely, Proposed, Science

In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that their science can only be satisfactorily treated on an explicitly mathematical basis.

Basis, Convince, Explicitly, Mathematical, Wish, Writing

In any case I hold that there must arise a science of the development of economic forms and relations.

Development, Economic, Form, Forms, Hold

The child which overbalances itself in learning to walk is experimenting on the law of gravity.

Children, Learning, Science, Experimenting, Walk