“Assuming… that all available goods of higher order are employed in the most economic fashion, the value of a concrete quantity of a good of higher order is equal to the difference in importance between the satisfactions that can be attained when we have command of the given quantity of the good of higher order whose value we wish to determine and the satisfactions that would be attained if we did not have this quantity at our command.”

— Carl Menger

Source: Principles,, p. 164-5; cited in: Randall G. Holcombe, Great Austrian Economists, p. 90

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Carl Menger 6

founder of the Austrian School of economics 1840–1921

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“The time period lying between command of goods of a higher order and possession of the corresponding goods of lower order can never be eliminated.”

Carl Menger (1840–1921) founder of the Austrian School of economics

Source: Principles,, p. 67; cited in: Randall G. Holcombe, Great Austrian Economists, p. 90

“When… we have a series of values of a quantity which continually diminish, and in such a way, that name any quantity we may, however small, all the values, after a certain value, are severally less than that quantity, then the symbol by which the values are denoted is said to diminish without limit. And if the series of values increase in succession, so that name any quantity we may, however great, all after a certain point will be greater, then the series is said to increase without limit.”

Augustus De Morgan (1806–1871) British mathematician, philosopher and university teacher (1806-1871)

It is also frequently said, when a quantity diminishes without limit, that it has nothing, zero or 0, for its limit: and that when it increases without limit it has infinity or ∞ or 1&frasl;0 for its limit.
The Differential and Integral Calculus (1836)

“Whereas in Arithmetick Questions are only resolv'd by proceeding from given Quantities to the Quantities sought, Algebra proceeds in a retrograde Order, from the Quantities sought as if they were given, to the Quantities given as if they were sought, to the End that we may some Way or other come to a Conclusion or Æquation, from which one may bring out the Quantity sought.”

Isaac Newton book Arithmetica Universalis

Arithmetica Universalis (1707)
Context: Whereas in Arithmetick Questions are only resolv'd by proceeding from given Quantities to the Quantities sought, Algebra proceeds in a retrograde Order, from the Quantities sought as if they were given, to the Quantities given as if they were sought, to the End that we may some Way or other come to a Conclusion or Æquation, from which one may bring out the Quantity sought. And after this Way the most difficult problems are resolv'd, the Resolutions whereof would be sought in vain from only common Arithmetick. Yet Arithmetick in all its Operations is so subservient to Algebra, as that they seem both but to make one perfect Science of Computing; and therefore I will explain them both together.<!--pp.1-2

“When… we have a series of values of a quantity which continually diminish, and in such a way, that name any quantity we may, however small, all the values, after a certain value, are severally less than that quantity, then the symbol by which the values are denoted is said to diminish without limit. And if the series of values increase in succession, so that name any quantity we may, however great, all after a certain point will be greater, then the series is said to increase without limit. It is also frequently said, when a quantity diminishes without limit, that it has nothing, zero or 0, for its limit: and that when it increases without limit it has infinity or ∞ or 1⁄0 for its limit.”

Augustus De Morgan (1806–1871) British mathematician, philosopher and university teacher (1806-1871)

Introductory Chapter, pp.9-10
The Differential and Integral Calculus (1836)

“We have to continue to learn. We have to be open. And we have to be ready to release our knowledge in order to come to a higher understanding of reality.”

Thich Nhat Hanh (1926) Religious leader and peace activist

Source: You Are Here: Discovering the Magic of the Present Moment

“In reviewing the several levels of life which morality defines, we may observe two types of universal value. The lower values m relation to the higher are indispensable. There is no health without satisfaction, no achievement without health, no rational intercourse without achievement, and no true religion except as the perfecting and completing of a rational society. The higher values, on the other hand, are more universal than the lower in that they surpass these in validity, and are entitled to preference. Thus the lower values are ennobled by the higher, while the higher are given body and meaning by the lower. Satisfaction derives dignity from being controlled by the motive of good-will, while the moral kingdom at large derives its wealth, its pertinence to life, and its incentive, from the great manifold of particular interests which it conserves and fosters.”

Ralph Barton Perry (1876–1957) American philosopher

The Moral Economy https://books.google.com/books?id=TjdWAAAAMAAJ (1909)

“It is not true that on an exchange of commodities we give value for value. On the contrary, each of the two contracting parties in every case, gives a less for a greater value. … If we really exchanged equal values, neither party could make a profit. And yet, they both gain, or ought to gain. Why? The value of a thing consists solely in its relation to our wants. What is more to the one is less to the other, and vice versa. … It is not to be assumed that we offer for sale articles required for our own consumption. … We wish to part with a useless thing, in order to get one that we need; we want to give less for more. … It was natural to think that, in an exchange, value was given for value, whenever each of the articles exchanged was of equal value with the same quantity of gold. … But there is another point to be considered in our calculation. The question is, whether we both exchange something superfluous for something necessary.”

Étienne Bonnot de Condillac (1714–1780) French academic

Le Commerce et le Gouvernement (1776), as quoted in Marx's Capital, Vol. I, Ch. 5.

“God is all love, and the more we are like Him the more we shall love; the trouble is not in the quantity but the quality of our love. If it were wholly pure, wholly unselfish, it could not be too deep or intense; for all true loving lifts us to a higher plane, bringing us nearer to God and the eternal goodness.”

Arthur Kenney (1776–1855) Irish dean

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 395.

“For in order to command well, we should know how to submit; and he who submits with a good grace will some time become worthy of commanding.”
Nam et qui bene imperat, paruerit aliquando necesse est, et qui modeste paret, videtur qui aliquando imperet dignus esse.

Marcus Tullius Cicero book De Legibus

Book III, section 2; translation by Francis Barham
De Legibus (On the Laws)

“Rather, for all objects and experiences there is a quantity that has an optimum value. Above that quantity, the variable becomes toxic. To fall below that value is to be deprived.”

Gregory Bateson (1904–1980) English anthropologist, social scientist, linguist, visual anthropologist, semiotician and cyberneticist

Source: Mind and Nature: A Necessary Unity, 1979, p. 56

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