Quotes · Quote card
Quotation from Principles of Economics by Carl Menger
“All things are subject to the law of cause and effect. This great principle knows no exception”
Principles of Economics, Chapter I, section 1 (The Nature of Goods), opening, p. 51, trans. James Dingwall and Bert F. Hoselitz (1950)
The first words of the book, with which Menger grounds economics in the causal relation between goods and the satisfaction of human needs.
Citation: "All things are subject to the law of cause and effect. This great principle knows no exception" — Carl Menger, Principles of Economics, Chapter I, section 1 (The Nature of Goods), opening, p. 51, trans. James Dingwall and Bert F. Hoselitz (1950). (id menger-principles-of-economics-q1)
