
Special Message to the Congress on the Threat to the Freedom of Europe (1948)
Speaking at a meeting of the American Economic Association, as quoted by Walter Block in "Milton Friedman RIP" in Mises Daily (16 November 2006) http://mises.org/story/2393
Special Message to the Congress on the Threat to the Freedom of Europe (1948)
Remark to Lucy Masterman (early 1909), quoted in Lucy Masterman, C. F. G. Masterman (Nicholson and Watson, 1939), p. 150.
Chancellor of the Exchequer
Source: The Wealth of Nations (1776), Book I, Chapter I, p. 8-9.
Context: To take an example, therefore, from a very trifling manufacture, but one in which the division of labour has been very often taken notice of, the trade of a pin-maker: a workman not educated to this business (which the division of labour has rendered a distinct trade, nor acquainted with the use of the machinery employed in it (to the invention of which the same division of labour has probably given occasion), could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty. But in the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which the greater part are likewise peculiar trades. One man draws out the wire; another straights it; a third cuts it; a fourth points it; a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on is a peculiar business; to whiten the pins is another; it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands, though in others the same man will sometimes perform two or three of them. I have seen a small manufactory of this kind, where ten men only were employed, and where some of them consequently performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day. There are in a pound upwards of four thousand pins of a middling size. Those ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they had all wrought separately and independently, and without any of them having been educated to this peculiar business, they certainly could not each of them have made twenty, perhaps not one pin in a day; that is, certainly, not the two hundred and fortieth, perhaps not the four thousand eight hundredth, part of what they are at present capable of performing, in consequence of a proper division and combination of their different operations.
The Stark Munro Letters (1894)
Context: The more we progress the more we tend to progress. We advance not in arithmetical but in geometrical progression. We draw compound interest on the whole capital of knowledge and virtue which has been accumulated since the dawning of time. Some eighty thousand years are supposed to have existed between paleolithic and neolithic man. Yet in all that time he only learned to grind his flint stones instead of chipping them. But within our father's lives what changes have there not been? The railway and the telegraph, chloroform and applied electricity. Ten years now go further than a thousand then, not so much on account of our finer intellects as because the light we have shows us the way to more. Primeval man stumbled along with peering eyes, and slow, uncertain footsteps. Now we walk briskly towards our unknown goal.
Source: Lasker's Manual of Chess (1925), p. 337
1760s, A Dissertation on the Canon and Feudal Law (1765)
Summations, Chapter 52
Context: The other manner of Regard was shewed inward: and that was more highly and all one. For the life and the virtue that we have in the lower part is of the higher, and it cometh down to us of the Natural love of the Self, by grace. Atwix the one and the other there is right nought: for it is all one love. Which one blessed love hath now, in us, double working: for in the lower part are pains and passions, mercies and forgiveness, and such other that are profitable; but in the higher part are none of these, but all one high love and marvellous joy: in which joy all pains are highly restored. And in this our Lord showed not only our Excusing, but the worshipful nobility that He shall bring us to, turning all our blame into endless worship.
Source: The Christian Agnostic (1965), p.237 (John S. Whale: Christian Doctrine. 1941. Cambridge University Press. p. 52)
1961, Inaugural Address
Context: If a beachhead of cooperation may push back the jungle of suspicion, let both sides join in creating a new endeavor, not a new balance of power, but a new world of law, where the strong are just and the weak secure and the peace preserved.
All this will not be finished in the first one hundred days. Nor will it be finished in the first one thousand days, nor in the life of this Administration, nor even perhaps in our lifetime on this planet. But let us begin.