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Money is here called the a medium and not, as customary, a unit of account because, clearly, money itself is not a unit, but the good whose unit is used as the unit of account.

— Jürg Niehans

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More quotes by Jürg Niehans

Economics should be under no illusion that central banking will ever become a science.

If one could be perfectly certain that everybody always stays within his budget constraint, everybody could be allowed to obtain goods without a specific quid pro quo.

There is a widespread impression today that the history of economics is a sequence of revolutions and counter-revolutions, successive schools rising to dominance just to be deposed in a crisis by another school. According to this view, paraphrasing Marx, all history of economics is a history of school struggles, punctuated by revolutions.

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Men accept servility in order to acquire wealth; as if they could acquire anything of their own when they cannot even assert that they belong to themselves.

Étienne de La Boétie Discourse on Voluntary Servitude (1548)

Health is the greatest gift, contentment is the greatest wealth, a trusted friend is the best relative, Nibbana is the greatest bliss.

Gautama Buddha

Opulence is always the result of theft, if not committed by the actual possessor, then by his predecessor.

Jerome The Cry for Justice (1915)

Bourgeois society is ruled by equivalence. It makes the dissimilar comparable by reducing it to abstract quantities. To the Enlightenment, that which does not reduce to numbers, and ultimately to the one, becomes illusion.

Max Horkheimer Dialektik der Aufklärung [Dialectic of Enlightenment (1944)

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Quote text and notes from Wikiquote: Jürg Niehans (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.