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April 10, 2026
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"We find that it (India) was visited for the purpose of acquiring knowledge by Pythagoras, Anaxarchus, Pyrrho, and others who afterwards became eminent philosophers in Greece."
"Of all animals man only is endowed with reason, properly so called, so he only hath a will, and is capable of virtue and vice, rewards and punishments. Yet something bearing a resemblance to each of these, may also be found in brutes, especially such as are more perfect, and more capable of discipline. For there is in them a certain faculty that answers to reason, called by some an inferior degree of reason, whereby they not only consider in a manner what is pleasant and profitable, and search for the means of attaining them; but they likewise acknowledge a certain manner of living suitable to their nature prescribed to them by God, which has some affinity to virtue."
"Truth can never suffer from argument and inquiry; but may be essentally injured by the tyrannous interference of her pretended advocates. Impede her energies by the pains and penalties of law, and, like the Fame of Virgil, she will creep along the ground, diminutive in stature, and shrunk with apprehension: give free scope to all her tendencies, and she will soon collect her might, dilate herself to the fullness of her dimensions, and reach the stars."
"Somehow the discussion got around to Gary Becker, and I opined that Gary was also quite a good economist. However, Cordemí began to shake his head in a doleful manner, and I sensed, first, that he did not approve of Becker and, second, that I was losing his respect because of my own good opinion of Becker. Then Cordemí said that Becker’s problem was his lack of originality. This was really a surprise—many people object to Gary because he is outrageous, not because he is unoriginal. Then Cordemí dropped his bombshell: all of Becker’s ideas are in Philip Wicksteed’s book, The Common Sense of Political Economy.After this revelation, I was pretty eager to get home to consult my copy of The Common Sense, which I owned but had not studied. When I read the book, I discovered quickly what Cordemí was referring to. Wicksteed urged his fellow economists to apply economics broadly to a variety of social interactions, not just to usual business matters. However, as far as I could tell, he had not gone anywhere with this idea. Therefore, Gary’s originality seemed to be intact. Nevertheless, I filed away this incident and figured I could use it against Gary at some future time.[…] I figured that I needed to create something of a psychological edge, and I arranged for my younger son, Josh (then eight years old), to be on the tennis court prior to the big match. He was set up to be reading the Common Sense of Political Economy. I figured that Gary would ask Josh what he was reading, and I told Josh to report the author and title and then say, “I understand that you got all your ideas from this fellow.”[…] Gary quickly responded, “Oh, yes, I copied all his work.”"
"It is true also that Marx elsewhere virtually defines value so as to make it essentially dependent upon human labour (p. 81 [43a]). But for all that his analysis is based on the bare fact of exchangeability. This fact alone establishes Verschiedenkeit and Ghichheit, heterogeneity and homogeneity. Any two things which normally exchange for each other, whether products of labour or not, whether they have, or have not, what we choose to call value, must have that "common something" in virtue of which things exchange and can be equated with each other; and all legitimate inferences as to wares which are drawn from the bare fact of exchange must be equally legitimate when applied to other exchangeable things. Now the "common something," which all exchangeable things contain, is neither more nor less than abstract utility, i.e. power of satisfying human desires. The exchanged articles differ from each other in the specific desires which they satisfy, they resemble each other in the degree of satisfaction which they confer. The Verschiedenheit is qualitative, the Gleichheit is quantitative.It cannot be urged that there is no common measure to which we can reduce the satisfaction derived from such different articles as Bibles and brandy, for instance (to take an illustration suggested by Marx), for as a matter of fact we are all of us making such reductions every day. If I am willing to give the same sum of money for a family Bible and for a dozen of brandy, it is because I have reduced the respective satisfactions their possession will afford me to a common measure, and have found them equivalent. In economic phrase, the two things have equal abstract utility for me. In popular (and highly significant) phrase, each of the two things is worth as much to me as the other.Marx is, therefore, wrong in saying that when we pass from that in which the exchangeable wares differ (value in use) to that in which they are identical (value in exchange), we must put their utility out of consideration, leaving only jellies of abstract labour. What we really have to do is to put out of consideration the concrete and specific qualitative utilities in which they differ, leaving only the abstract and general quantitative utility in which they are identical.This formula applies to all exchangeable commodities, whether producible in indefinite quantities, like family Bibles and brandy, or strictly limited in quantity, like the "Raphaels," one of which has just been purchased for the nation. The equation which always holds in the case of a normal exchange is an equation not of labour, but of abstract utility, significantly called worth. … A coat is made specifically useful by the tailor's work, but it is specifically useful (has a value in use) because it protects us. In the same way, it is made valuable by abstractly useful work, but it is valuable because it has abstract utility."
"But neither can anything we desire be got without money, or what money represents, i.e. without the command of exchangeable things. All the things that we so often say "cannot be had for money" we might with equal truth say cannot be had or enjoyed without it. Friendship cannot be had for money, but how often do the things that money commands enable us to form and develop our friendships! … But even "waiting" requires money, if not so much as marrying does. In fact, a man can be neither a saint, nor a lover, nor a poet, unless he has comparatively recently had something to eat. The things that money commands are strictly necessary to the realisation on earth of any programme whatsoever. The range of things, then, that money can command in no case secures any of those experiences or states of consciousness which make up the whole body of ultimately desired things, and yet none of the things that we ultimately desire can be had except on the basis of the things that money can command. Hence nothing that we really want can infallibly be secured by things that can be exchanged, but neither can it under any circumstances be enjoyed without them."
"Social reformers and legislators will never be economists, and they will always work on economic theory of one kind or another. They will quote and apply such dicta as they can assimilate, and such acknowledged principles as seem to serve their turn. Let us suppose there were a recognised body of economic doctrine the truth and relevancy of which perpetually revealed itself to all who looked below the surface, which taught men what to expect and how to analyse their experience; which insisted at every turn on the illuminating relation between our conduct in life and our conduct in business; which drove the analysis of our daily administration of our individual resources deeper, and thereby dissipated the mist that hangs about our economic relations, and concentrated attention upon the uniting and all-penetrating principles of our study. Economics might even then be no more than a feeble barrier against passion, and might afford but a feeble light to guide honest enthusiasm, but it would exert a steady and a cumulative pressure, making for the truth. While the experts worked on severer methods than ever, popularisers would be found to drive homely illustrations and analogies into the general consciousness; and the roughly understood dicta bandied about in the name of Political Economy would at any rate stand in some relation to truth and to experience, instead of being, as they too often are at present, a mere armoury of consecrated paradoxes that cannot be understood because they are not true, that every one uses as weapons while no one grasps them as principles."
"In a proto-Austrian manner, Donisthorpe also distinguished between directly useful and indirectly useful goods, and showed how the latter had varying degrees of remoteness from the pleasure-giving stage of goods; in short, Donisthorpe engaged in a sophisticated analysis of the time-structure of production. He also had a pioneering analysis of the influence of substitutes and complements ('co-elements') upon values. While Donisthorpe's discussion of demand curves (i.e. schedules), supply, and price was interesting but hopelessly confused (e.g. he denied that an increased desire of consumers for a product would raise their demand for the product), he did present a remarkably clear foreshadowing of Philip Wicksteed's insight of four decades later that witholding the stock of a product by suppliers really amounts to the suppliers' 'reservation demand' for that product."
"Wicksteed's first contribution to theoretical Economics was an application of the Jevonian analysis to the criticism of the Marxian theory of value—an article on Das Kapital which appeared in the socialist journal, To-Day, in October, 1884. The article is not merely a criticism; it is an independent exposition of the new theory which carries it further forward and, on more than one point, adds important new corollaries, The Labour Theory is shown to be false. The cases which it appears to explain are explained more convincingly as special instances of a more comprehensive theory. … It was the first scientific criticism of Marx's theory—written years before Böhm-Bawerk's or Pareto's—and in some respects it remains the most decisive. The argument is developed with the ease and certainty of a man who is completely sure of himself, not because of any self-deception or premature synthesis, but because he has mastered the essential material. Mr. George Bernard Shaw, at that time a Marxian Socialist, made a controversial reply; but as Mr. Shaw, who, as he has subsequently related,1 was eventually persuaded by Wicksteed that he was wrong, would be the first to admit, the significance of his reply lay not so much in what it itself contained, but rather in the fact that it elicited further elucidations of Jevons.2 It is, perhaps, worth noting that Wicksteed's rejoinder contains one of the earliest recognitions of the relative nature of the concepts invoked by the utility theory of value."
"One of the unhappy casualties of World War I, it seems, was the old-fashioned treatise on economic "principles." … Since the brilliant burst that gave us the works of Wicksteed (1910), Taussig (1911), and Fetter (1915), this type of treatise has disappeared from economic thought, and economics has become appallingly fragmented, dissociated to such a degree that there hardly is an economics any more; instead, we find myriad bits and pieces of uncoordinated analysis."
"Now the leap by which this reasoning lands us in labour as the sole constituent element of value appears to me so surprising that I am prepared to learn that the yet unpublished portions of Das Kapital contain supplementary or elucidatory matter which may set it in a new light. Meanwhile the analysis appears to be given as complete and adequate, so far as it goes, and I can, therefore, only take it as I find it and try to test its validity. But instead of directly confronting it with what seems to be the true analysis of the phenomenon of exchange, I will follow it out a little further, and we shall see that Marx himself introduces a modification into his result (or develops a half-latent implication in it), in such a way as to vitiate the very analysis on which that result is founded, and to lead us, if we work it out, to what I regard as the true solution of the problem."
"If we engraft the current meaning of the word "economy" (the avoiding of waste) upon its etymological meaning (the administration of a household), we shall arrive at "the administration of the affairs and resources of a household in such a manner as to avoid waste and secure efficiency" as our conception of "Economy." "Political" Economy would, by analogy, indicate the administration, in the like manner, of the affairs and resources of a State, regarded as an extended household or community, and regulated by a central authority; and the study of Political Economy would be the study of the principles on which the resources of a community should be so regulated and administered as to secure the communal ends without waste."
"PHILIP HENRY WICKSTEED, the author of the Common Sense of Political Economy and the other works collected in these volumes, was one of the most remarkable intellectual figures of the half-century which has just past. He was a leading member of the Unitarian ministry. He was one of the foremost mediæval scholars of his time. He was an economist of international reputation. He was a savant who made contributions of permanent value to highly technical branches of knowledge. He was a teacher who, without vulgarisation, succeeded in making intelligible to many the main significance of the various fields of learning in which he moved. There can be few men who have so successfully combined such a wide range of intellectual pursuits with such conspicuous excellence in each of them."
"Both in the natural sciences and in sociology direct perception is deceptive, leading to the view that we are confronted with something which is in itself just what it appears to be. This is by no means the case and has long ago been rejected by the physical sciences, and it would be interesting to find out why it is still virtually unchallenged in sociology."
"To be really cosmopolitan a man must be at home even in his own country."
"Powerful racial prejudices? That was not true of Thomas Wentworth Higginson, or Norwood P. Hallowell, or George T. Garrison, or many other abolitionists and sons of abolitionists who became officers in black regiments. Indeed, the contrary was true. They had spent much of their lives fighting the race prejudice endemic in American society, sometimes at the risk of their careers and even their lives. That is why they jumped at the chance of help launch an experiment with black soldiers which they hoped would help African Americans."
"Suppose Jonathan Edwards had been born a woman; suppose William James, for that matter, had been born a woman? (The invalid seclusion of his sister Alice is suggestive.) Even from men, New England took its psychic toll; many of its geniuses seemed peculiar in one way or another, particularly along the lines of social intercourse. Hawthorne, until he married, took his meals in his bedroom, apart from the family. Thoreau insisted on the values both of solitude and of geographical restriction, boasting that "I have traveled much in Concord." Emily Dickinson-viewed by her bemused contemporary Thomas Higginson as "partially cracked," by the twentieth century as fey or pathological-has increasingly struck me as a practical woman, exercising her gift as she had to, making choices."
"Waves from moving sources: Adagio. Andante. Allegro moderato."
"My own introduction to quaternionics took place in quite a different manner. Maxwell exhibited his main results in quaternionic form in his treatise. I went to Prof Tait's treatise to get information, and to learn how to work them. I had the same difficulties as the deceased youth, but by skipping them, was able to see that quaternionics could be employed consistently in vectorial work. But on proceeding to apply quaternionics to the development of electrical theory, I found it very inconvenient. Quaternionics was in its vectorial aspects antiphysical and unnatural, and did not harmonise with common scalar mathematics. So I dropped out the quaternion altogether, and kept to pure scalar and vectors, using a very simple vectorial algebra in my papers from 1883 onward. The paper at the beginning of vol. 2 of my Electrical Papers may be taken as a developed specimen; the earlier work is principally concerned with the vector differentiator ∇ and its applications, and physical interpretations of the various operations. Up to 1888 I imagined that I was the only one doing vectorial work on positive physical principles; but then I received a copy of Prof. Gibbs's Vector Analysis (unpublished, 1881-4)."
"The following story is true. There was a little boy, and his father said, “Do try to be like other people. Don’t frown.” And he tried and tried, but could not. So his father beat him with a strap; and then he was eaten up by lions. Reader, if young, take warning by his sad life and death. For though it may be an honour to be different from other people, if Carlyle’s dictum about the 30 million be still true, yet other people do not like it. So, if you are different, you had better hide it, and pretend to be solemn and wooden-headed. Until you make your fortune. For most wooden-headed people worship money; and, really, I do not see what else they can do. In particular, if you are going to write a book, remember the wooden-headed. So be rigorous; that will cover a multitude of sins. And do not frown."
"More than a third part of a century ago, in the library of an ancient town, a youth might have been seen tasting the sweets of knowledge to see how he liked them. He was of somewhat unprepossessing appearance, carrying on his brow the heavy scowl that the "mostly-fools" consider to mark a scoundrel. In his father's house were not many books, so it was like a journey into strange lands to go book-tasting. Some books were poison; theology and metaphysics in particular they were shut up with a bang. But scientific works were better; there was some sense in seeking the laws of God by observation and experiment, and by reasoning founded thereon. Some very big books bearing stupendous names, such as Newton, Laplace, and so on, attracted his attention. On examination, he concluded that he could understand them if he tried, though the limited capacity of his head made their study undesirable. But what was Quaternions? An extraordinary name! Three books; two very big volumes called Elements, and a smaller fat one called Lectures. What could quaternions be? He took those books home and tried to find out. He succeeded after some trouble, but found some of the properties of vectors professedly proved were wholly incomprehensible. How could the square of a vector be negative? And Hamilton was so positive about it. After the deepest research, the youth gave it up, and returned the books. He then died, and was never seen again. He had begun the study of Quaternions too soon."
"Mathematics is of two kinds, Rigorous and Physical. The former is Narrow: the latter Bold and Broad. To have to stop to formulate rigorous demonstrations would put a stop to most physico-mathematical inquiries. Am I to refuse to eat because I do not fully understand the mechanism of digestion?"
"Electric and magnetic forces. May they live for ever, and never be forgot, if only to remind us that the science of electromagnetics, in spite of the abstract nature of its theory, involving quantities whose nature is entirely unknown at the present, is really and truly founded on the observations of real Newtonian forces, electric and magnetic respectively."
"General circuit theory, the theory of transmission lines and wave propagation, vector analysis, even the four famous Maxwell's equations—all had flowed from the pen of this amazing man."
"However absurd it may seem, I do in all seriousness hereby declare that I am animated mainly by philanthropic motives. I desire to do good to my fellow creatures, even to the Cui bonos."
"... the present time is the age of communication ... communication engineering began with Gauss, Wheatstone, and the first telegraphers. It received its first reasonably scientific treatment at the hands of Lord Kelvin, after the failure of the first transatlantic cable in the middle of the last century, and from the eighties on, it was perhaps Heaviside who did the most to bring into a modern shape."
"We do not dwell in the Palace of Truth. But, as was mentioned to me not long since, "There is a time coming when all things shall be found out." I am not so sanguine myself, believing that the well in which Truth is said to reside is really a bottomless pit."
"There are many pharisees in literature as well as in religion, wrapped up in the garments of self-idolatry, and making their very deficiencies the ground of their highest complacency. There are many blind wanderers through unbounded fields of instruction, who can discover nothing but nakedness—nothing but barrenness around them. Fertility itself offers no attractions to them—how much less can they understand the power of that benign principle which makes the waters gush forth, fresh, pure, and sparkling, from the very rocks of the desert."
"Chance and change are busy ever; Man decays, and ages move; But His mercy waneth never; God is wisdom, God is love."
"In the cross of Christ I glory, Towering o'er the wrecks of time; All the light of sacred story Gathers round its head sublime."
"It is not in the bright, happy day, but only in the solemn night, that other worlds are to be seen shining in their long, long distances. And it is in sorrow — the night of the soul — that we see farthest, and know ourselves natives of infinity, and sons and daughters of the Most High."
"When we feel how God was in our sorrows, we shall trust the more blessedly that He will be in our deaths."
"For knowledge to become wisdom, and for the soul to grow, the soul must be rooted in God: and it is through prayer that there comes to us that which is the strength of our strength, and the virtue of our virtue, the Holy Spirit."
"Not every hour, nor every day, perhaps, can generous wishes ripen into kind actions; but there is not a moment that cannot be freighted with prayer."
"There is no burden of the spirit but is lightened by kneeling under it. Little by little, the bitterest feelings are sweetened by the mention of them in prayer. And agony itself stops swelling, if we can only cry sincerely, " My God, my God!""
"All noblest things are religious,— not temples and martyrdoms only, but the best books, pictures, poetry, statues, and music."
"Ownership in the world I have none, but I have an infinite interest in it; for if not my own it is my God's; and so it is mine in a higher than a legal sense. Yes, this is the beauty, this is the whole sublimity, this is the tender delight of life — that it is of God's governing."
"Yes, I live in God, and shall eternally. It is His hand upholds me now; and death will be but an uplifting of me into His bosom."
"Yes, what I am to be everlastingly, I am growing to be now — now in this present time so little thought of, this time which the sun rises and sets in, and the clock strikes in, and I wake and sleep in."
"Faith is the inspiration of nobleness, it is the strength of integrity; it is the life of love, and is everlasting growth for it; it is courage of soul, and bridges over for our crossing the gulf between worldliness and heavenly-mindedness; and it is the sense of the unseen, without which we could not feel God nor hope for heaven."
"A man who is not poor nor ill, nor about to be stoned to death, must not distress himself if he does not feel all through his life what faith Stephen had only in his last moments."
"Day and night, and every moment, there are voices about us. All the hours speak as they pass; and in every event there is a message to us; and all our circumstances talk with us; but it is in Divine language, that worldliness misunderstands, that selfishness is frightened at, and that only the children of God hear rightly and happily."
"Duty reaches down the ages in its effects, and into eternity; and when the man goes about it resolutely, it seems to me now as though his footsteps were echoing beyond the stars, though only heard faintly in the atmosphere of this world."
"The years of old age are stalls in the cathedral of life in which for aged men to sit and listen and meditate and be patient till the service is over, and in which they may get themselves ready to say "Amen" at the last, with all their hearts and souls and strength."
"Night by night I will lie down and sleep in the thought of God, and in the thought, too, that my waking may be in the bosom of the Father; and some time it will be, so I trust."
"At ease in a world in which my Lord was such a sufferer!"
"What thousands and millions of recollections there must be in us! And every now and then one of them becomes known to us; and it shows us what spiritual depths are growing in us, what mines of memory."
"No martyr ever went the way of duty, and felt the shadow of death upon it. The shadow of death is darkest in the valley, which men walk in easily, and is never felt at all on a steep place, like Calvary. Truth is everlasting, and so is every lover of it; and so he feels himself almost always."
"Yes, death, — the hourly possibility of it, — death is the sublimity of life."
"It is our souls which are the everlastingness of God's purpose in this earth."