Phrase by 'Nassau William Senior'
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Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
Author: Nassau William Senior - English EconomistValue , Two , Exchange , Quantity
We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.
Author: Nassau William Senior - English EconomistScience , Name , Political , Nature
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
Author: Nassau William Senior - English EconomistRespect , Political , Obstacles , Happiness
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