Laws Quotes - page 97
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.
Frank Knight
But a meek humble Man of modest Sense,
Who, Preaching Peace, does practice Continence;
Whose pious life's a proof he does believe,
Mysterious Truths, which no Man can conceive.
If upon Earth there dwell such God-like Men,
I'll here Recant my Paradox to them;
Adore those Shrines of Virtue, homage pay,
And, with the rabble world, their Laws obey.
If such there are, yet grant me This at least,
Man differs more from Man, than Man from Beast.
John Wilmot, 2nd Earl of Rochester