...the principle of nationality and the principle of reverence for antiquity-the principle of what I may call local patriotism-is not only an ennobling thing in itself, but has a great economic value. ... The attachment to your country, the attachment among British subjects to Britain, but also the attachment among Welsh-born people to Wales, has in it, in some degrees, the nature both of an appeal to energy and an incentive to its development, and likewise, no few elements of a moral standard; for the Welshman, go where he may, will be unwilling to disgrace the name. It is a matter of familiar observation that even in the extremest east of Europe, wherever free institutions have supplanted a state of despotic government, the invariable effect has been to administer an enormous stimulus to the industrious activity of the country.
William Ewart Gladstone
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In spite of all the foregoing, there is a science of economics, a true, and even exact, science, which reaches laws as universal as those of mathematics and mechanics. The greatest need for the development of economics as a growing body of thought and practice is an adequate appreciation of the meaning, and the limitations, of this body of accurate premises and rigorously established conclusions. It comes about in the same general way as all science, except perhaps in a higher degree, i. e., through abstraction. There are no laws regarding the content of economic behavior, but there are laws universally valid as to its form. There is an abstract rationale of all conduct which is rational at alt, and a rationale of all social relations arising through the organization of rational activity.
Frank Knight
Probably, I wound up-if not as a jack-of-all-trades-at best as a thirdrate polymath never able to focus these curiosities into a commanding "view of life.” The most practical solution appeared to be to make a profession of observation, to become a reporter simply, a profession easily damned as that of a fence-sitter, a moral coward unwilling to take a stand, a chronic water-treader who lacks the strength to take the plunge. To these strictures, I can only reply that once every four years at least I take a stand: I vote. And immediately afterward return to my reporting habits and the continuing discovery that in life the range of irreconcilable points of view, characters, flaws, idiosyncrasies and virtues is astounding, and that in politics there is very often much to be said on both sides, and sometimes on three or four.
Alistair Cooke
Justice is the end of government. It is the end of civil society. It ever has been, and ever will be, pursued, until it be obtained, or until liberty be lost in the pursuit. In a society, under the forms of which the stronger faction can readily unite and oppress the weaker, anarchy may as truly be said to reign, as in a state of nature where the weaker individual is not secured against the violence of the stronger: And as in the latter state even the stronger individuals are prompted by the uncertainty of their condition, to submit to a government which may protect the weak, as well as themselves: so in the former state, will the more powerful factions be gradually induced by a like motive, to wish for a government which will protect all parties, the weaker as well as the more powerful.
Alexander Hamilton