While, therefore, the Socialists of the Chair have made a certain point against the older economists by showing the futility and mischief of distinguishing between what is natural in economics and what is not, they have erred in seeking to convert that point into an argument against the validity of economic principles and the existence of economic laws.
"Contemporary Socialism"
John Rae
It has become well understood that the earlier economists assigned it too absolute and universal a validity, and that it is not, as they thought, a law for all ages, and especially and happily not a law for our own.
"Contemporary Socialism"
John Rae
He did so, and made a technical and very ingenious argument against the validity of the grant.
"Memoirs of Orange Jacobs"
Orange Jacobs