All Labour Is Directed Towards Producing Some

Material Goods Consist Of Useful Material Things, And Of All Rights To Hold, Or Use, Or Derive Benefits From Material Things, Or To Receive Them At A Future Time.

We Might As Well Reasonably Dispute Whether It Is The Upper Or The Under Blade Of A Pair Of Scissors That Cuts A Piece Of Paper, As Whether Value Is Governed By Demand Or Supply.

It Is Common To Distinguish Necessaries, Comforts, And Luxuries; The First Class Including All Things Required To Meet Wants Which Must Be Satisfied, While The Latter Consist Of Things That Meet Wants Of A Less Urgent Character.

Again, Most Of The Chief Distinctions Marked By Economic Terms Are Differences Not Of Kind But Of Degree.

Nature's Action Is Complex: And Nothing Is Gained In The Long Run By Pretending That It Is Simple, And Trying To Describe It In A Series Of Elementary Propositions.