<blockquote>'Everyone has the right to life, liberty, and
security of person.'
- Article 3 of the Universal Declaration of Human Rights</blockquote>
'..That all men are by nature equally free and independent, and have certain inherent rights .. the enjoyment of life and liberty, with the means of acquiring and possessing property..'<blockquote>'That all men are by nature equally free and independent, and have certain inherent rights, of which, when they enter into a state of society, they cannot, by any compact, deprive or divest their posterity; namely, the enjoyment of life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety.'
- George Mason (wikipedia,
Virginia Declaration of Rights), June 12, 1776</blockquote>
'..a heart devoted to the good of mankind..'<blockquote>'If, in reality, courage and a heart devoted to the good of mankind are the constituents of human felicity, the kindness which is done infers a happiness in the person from whom it proceeds, not in him on whom it is bestowed; and the greatest good which men possessed of fortitude and generosity can procure to their fellow creatures is a participation of this happy character. If this be the good of the individual, it is likewise that of mankind; and virtue no longer imposes a task by which we are obliged to bestow upon others that good from which we ourselves refrain; but supposes, in the highest degree, as possessed by ourselves, that state of felicity which we are required to promote in the world (Civil Society, 99-100).'
- Adam Ferguson (Civil Society, 99-100)</blockquote>
'Only a true market, based on private ownership of the means of production and on the exchange of such property titles, can establish such genuine market prices..'<blockquote>Only a true market, based on private ownership of the means of production and on the exchange of such property titles, can establish such genuine market prices, prices which serve to allocate productive resources — land, labor, and capital — to those areas which will most efficiently satisfy the demands of consumers. But Mises showed that even if the government were willing to forget consumer desires, it could not allocate efficiently for its own ends without a market economy to set prices and costs. Mises was hailed even by socialists for being the first to raise the whole problem of rational calculation of prices in a socialist economy; but socialists and other economists erroneously assumed that Oskar Lange and others had satisfactorily solved this calculation problem in their writings of the 1930s. Actually, Mises had anticipated the Lange "solutions" and had refuted them in his original article.[9]
- Murray N. Rothbard (
Source,
context)
<font size="-1">[9] Mises's classic article was translated as "
Economic Calculation in the Socialist Commonwealth," in Collectivist Economic Planning, F.A. Hayek, ed. (London: George Routledge and Sons, 1935), pp. 87–130. Mises's and other articles by Lange and Hayek are reprinted in Comparative Economic Systems, Morris Bornstein, ed., rev. ed. (Homewood, Ill.: Richard D. Irwin, 1969). An excellent discussion and critique of the whole controversy may be found in Trygve J.B. Hoff, Economic Calculation in the Socialist Society (London: William Hedge, 1949).</font></blockquote>
'..prices were "by no means the most fundamental feature of the economic phenomenon of exchange.." '<blockquote>'..In Menger's words, prices were "by no means the most fundamental feature of the economic phenomenon of exchange," but "only incidental manifestations of these activities, symptoms of an economic equilibrium between the economies of individuals."[13] '
- Jörg Guido Hülsmann,
Carl Menger: Pioneer of "Empirical Theory", December 29, 2007
<font size="-1">[13] Menger, Grundsätze; translated as
Principles of Economics, p. 191. [<a href="[
mises.org] guide pdf</a>]</font></blockquote>
'Mathematician Karl Menger, the son of the School’s founder, would provide evidence that his father’s verbally formulated, logically constructed concept of marginal utility was indeed more comprehensive than that which Walras had formulated mathematically (cf. K. Menger 1973, p. 40).'<blockquote>'This return to the roots led to a complete reevaluation of Carl Menger. The voluminous literary tradition of the Austrian School had not infrequently obscured a direct view of Menger’s original mindset. Menger, along with Léon Walras and William Stanley Jevons, was counted among economic theory’s “marginalist revolutionaries,” with Menger’s distinguishing characteristic, his strict rejection of the mathematical approach, being mainly attributed to his mathematical inexperience (cf. Vaughn 1994/1998, pp. 12–13). Mathematician Karl Menger, the son of the School’s founder, would provide evidence that his father’s verbally formulated, logically constructed concept of marginal utility was indeed more comprehensive than that which Walras had formulated mathematically (cf. K. Menger 1973, p. 40). The differences between the three “revolutionaries” were more clearly outlined in a notable article some years later (cf. Jaffé 1976). The effort to carve out Carl Menger’s original position within the Austrian School’s body of tradition peaked with Max Alter (1990) and Sandye Gloria-Palermo (1999), both of whom painted a very complex and sophisticated picture of Menger. Gloria-Palermo was able to point out the considerable methodological differences between Menger and Böhm-Bawerk (cf. Gloria-Palermo 1999, pp. 39–50). In the same year, Hans-Hermann Hoppe and Joseph T. Salerno, continuing Mises’s work, (cf. Mises 1978/2009, pp. 27–28), demonstrated with great detail that Friedrich von Wieser had made a crucial departure from Menger (cf. Hoppe and Salerno 1999) on fundamental questions of methodology and economic policy. The consequence was Wieser’s final expulsion from the Pantheon of Austrians.'
– Eugen-Maria Schulak and Herbert Unterköfler,
The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions,
Chapter 24 The Renaissance of the old ‘Viennese’
School: The New Austrian School of Economics, page 172</blockquote>
<center>***
Love, Freedom, Electric'You can't rush perfection..'
- Dan Morrill (
Context)</center>