Money and Value: An Inquiry Into the Means and Ends of Economic Production, with an Appendix on the Depreciation of Silver and Indian Currency (Classic Reprint) - Softcover

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Excerpt from Money and Value: An Inquiry Into the Means and Ends of Economic Production, With an Appendix on the Depreciation of Silver and Indian Currency

Should be rightly understood. But nothing is to be gained by rashly bringing forward charges of fraud or falsehood. For when it comes to the point, a natural sense of justice recoils from holding any man guilty of such flagrant Offences unless clear proof of ill intention can be adduced. What is specially required in dealing with such matters is, that recklessness and negligence should be recognised as very grave faults, involving a liability to an appropriate penalty, both in law and in public estimation. But there are two Sides to this question. Upright and capable men will neither claim prescience nor put themselves in a position to be held answerable for the want of it by the operation of any one-sided law which ignores the fact that risks and reverses are in separable from all industrial enterprizes.

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