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Important Quotes

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Important Quotes

“There are times when quantity is at least as important as quality in learning an art.”

Writing Art Important Quality Quantity

Author:Lawrence Watt-Evans

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.”

“One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example.”

Men May Important Ends Lasts Used Taken Example Degrees Benefits Increase Instance Meals Enjoyment Portions Quantity Commodity Utility Decrease Axioms

Book:Papers and correspondence of William Stanley Jevons

Source: Papers and correspondence of William Stanley Jevons