The whole result of continued labour is not often consumed and enjoyed in a moment; the result generally lasts for a certain length of time. We must … - William Stanley Jevons

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The whole result of continued labour is not often consumed and enjoyed in a moment; the result generally lasts for a certain length of time. We must then conceive the capital as being progressively uninvested.

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About William Stanley Jevons

William Stanley Jevons (1 September 1835 – 13 August 1882) was an English economist and logician.

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Additional quotes by William Stanley Jevons

In a certain sense all knowledge is inductive. We can only learn the laws and relations of things in nature by observing those things. But the knowledge gained from the senses is knowledge only of particular facts, and we require some process of reasoning by which we may collect out of the facts the laws obeyed by them. Experience gives us the materials of knowledge: induction digests those materials, and yields us general knowledge. When we possess such knowledge, in the form of general propositions and natural laws, we can usefully apply the reverse process of deduction to ascertain the exact information required at any moment. In its ultimate foundation, then, all knowledge is inductive—in the sense that it is derived by a certain inductive reasoning from the facts of experience.

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