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— Jean-Baptiste Say"To the labor of man alone Smith ascribes the power of producing values. This is an error. A more exact analysis demonstrates... that all the values are derived from the operation of labor, or rather from the industry of man, combined with the operation of those agents which nature and capital furnish him."
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Just as little can we afford to follow the doctrinaires of an impossible - and incidentally of a highly undesirable - social revolution which, in destroying individual rights - including property rights - and the family, would destroy the two chief agents in the advance of mankind, and the two chief reasons why either the advance or the preservation of mankind is worthwhile.
— Theodore Roosevelt
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The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.
— Joseph A. Schumpeter
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