In love or war or politics, or religion, or morals it is impossible to foretell how mankind will act, . . . But once place a man’s ear within the ring of pounds, shillings, and pence, and his conduct can be counted on to the greatest nicety.

Robert Lowe

Money may not be the root of all evil, but it is the root of economic science.

Wesley C. Mitchell

Before Wicksteed wrote, it was still possible for intelligent men to give countenance to the belief that the whole strucure of Economics depends upon the assumption of a world of economic men, each actuated by egocentric or hedonistic motives. For anyone who has read the Common Sense, the expression of such a view is no longer consistent with intellectual honesty.

Lionel C. Robbins

We must regard industrial and commercial life, not as a separate and detached region of activity, but as an organic part of our whole personal and social life; and we shall find the clue to the conduct of men in their commercial relations, not in the first instance amongst those characteristics wherein our pursuit of industrial objects differs from our pursuit of pleasure or of learning, or our efforts for some political and social ideal, but rather amongst those underlying principles of conduct and selection wherein they all resemble each othe

NOTES TO CHAPTER I

NOTES TO CHAPTER II

Abstractions, 11, 59, 122, 132

Action, human calculated, 91

conduct and, 146, 149, 153, 177

consciousness in, 153

Croce’s views of, 155

economics as science of, 49-50, 129, 146-85

economizing and, 159-62

ends and means of, 109, 124

error in, 169

exchange and, 72, 76

maximization pattern of, 111

Mises’ concept of, 159-63

Amonn, Alfred

economics

defining, 86, 189(21), 204(39)

outlook of, 201(44)

scope of, 190(31)

exchange, 203(16), 204(23)

scarcity, 209(12)

social relationships, 88, 205(43) (46)(47)

Anderson, B. M., 88, 200(25), 205(49)

Ashley, W. J., 189(24), 198(3)

Bagehot, Walter, 50, 55, 92, 93, 197(82), 206(5)

Bailey, Samuel, 49, 192(29), 197(77), 198(9)

The Pure Time-Preference
Theory of Interest

{Edited by Jeffrey M. Herbener}

Copyright © 2011 by the Ludwig von Mises Institute
Published under Creative Commons Attribution 3.0.
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ISBN: 978-1-61016-236-4