Minimum Exchange

Famous quotes containing the words minimum and/or exchange:

    There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.
    —H.L.A. (Herbert Lionel Adolphus)

    To coƶperate in the highest as well as the lowest sense, means to get our living together. I heard it proposed lately that two young men should travel together over the world, the one without money, earning his means as he went, before the mast and behind the plow, the other carrying a bill of exchange in his pocket. It was easy to see that they could not long be companions or coƶperate, since one would not operate at all. They would part at the first interesting crisis in their adventures.
    Henry David Thoreau (1817–1862)