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“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

“We all enter the world little plastic beings, with so much natural force, perhaps, but for the rest--blank; and the world tells uswhat we are to be, and shapes us by the ends it sets before us. To you it says--Work; and to us it says--Seem! To you it says--As you approximate to man's highest ideal of God, as your arm is strong and your knowledge great, and the power to labour is with you, so you shall gain all that human heart desires. To us it says--Strength shall not help you, nor knowledge, nor labour. You shall gain what men gain, but by other means. And so the world makes men and women.”