Solomon S. Huebner Documents

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Economics has been defined as the science of wealth, and from the standpoint of risk and risk bearing the wealth to which reference is made consists of two kinds of values, "human life values" and "property values". By "life value" we have in mind the monetary worth of a human being because of the economic powers incorporated within his own person, such as industry, manual and mental strength, and creative ability, by virtue of which he possesses an earning capacity beneficial financially to others, i.e., to the members of his family, to his business associates, or to society,