You really do have to wonder whether a few years from now we’ll look back at the first decade of the 21st century when food prices spiked, energy prices soared, world population surged, tornados plowed through cities, floods and droughts set records, populations were displaced and governments were threatened by the confluence of it all and ask ourselves: What were we thinking? How did we not panic when the evidence was so obvious that we’d crossed some growth/climate/natural resource/population redlines all at once?
The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.robert haugen
The major investors in the diamond mines created the instrument in 1888 called De Beers Consolidated Mines, Ltd., and incorporated in South Africa. De Beers proved to be the most successful cartel arrangement in the annals of modern commerce . The diamond invention is far more than a monopoly for fixing diamond prices; it is a mechanism for converting tiny crystals of carbon into universally recognized tokens of wealth , power , and romance ..."A Diamond Is Forever" became the official motto of De Beers.
Baedeker is astonishingly enduring; travellers can use nineteenth-century editions with confidence, providing they take some elementary precautions. Many hotels will long since have disappeared, and the prices will be somewhat different, but if Baedeker says'On leaving the tunnel, the best view is on the right', it probably still is, unless somebody has shifted the mountain, and his descriptions of sceneryand where to go to see it at its best are still valid, as ispracticallyall of his potted history.(Henry) Bernard Levin
People ofthesametradeseldommeettogether, evenfor merriment and diversion, but the conversation ends in a conspiracyagainst the public, or in some contrivance to raise prices.Adam Smith
If you put a floor under wages and a ceiling over prices, a free man cannot long stand erect.Walter Bigelow Wriston
[There are] signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
This would, at a stroke, reduce the rise in prices, increase production and reduce unemployment.edward heath
Russia became a juicy chunk of the Third World, with immense reserves of cheap labor, a vast treasure of natural resources, and industrial assets to be sold off at giveaway prices.michael parenti
Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.william poundstone
If a rise in wages does not raise prices, a fall will not reduce them.joan robinson
[The masses] ... must turn their hopes toward a miracle. In the depths of their despair reason cannot be believed, truth must be false, and lies must be truth. "Higher bread prices," "lower bread prices," "unchanged bread prices" have all failed. The only hope lies in a kind of bread price which is none of these, which nobody has ever seen before, and which belies the evidence of one's reason.Peter Drucker
Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.benjamin graham
Capitals accumulate faster than the population; thus wages; thus population; thus grain prices; thus the difficulty of production and hence the exchange values .karl marx
Marx's third volume [of Capital ] contradicts the first. The theory of the average rate of profit and of the prices of production cannot be reconciled with the theory of value. This is the impression which must, I believe, be received by every logical thinker.karl marx
The rub here is that buying when prices are low is always a very scary proposition. The low prices that produce high future returns are not possible without catastrophe and risk.
When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.
Contrary to liberal myth , Smith was not an apologist for capitalists . He argued in fact, that capitalists always seek "to deceive and oppress the public" by conspiring to inflate their prices and profits .
In addition to patients without insurance, hospitals also charged international visitors and patients with health plans through insurers that haven't negotiated hospital discounts approximately two and a half times the price offered to health insurers with discounts, the report estimates. These inflated bills base their prices on a hospital's chargemaster file, an undiscounted master list of the prices hospitals set for services.
Much ink has been spilt bemoaning that incomprehensible foundation of hospital cost accounting and prices, the redoubtable chargemaster.
Hospitals readily admit that chargemaster prices are inflated. That's because they are the starting point for negotiating the discounts given to private insurance plans in return for the volume of patients they send to a hospital. Those bloated chargemaster prices, however, are the numbers used to bill uninsured patients - many of whom will struggle to pay those bills and will get nasty collection letters if they don't.
These gross prices are listed on spreadsheets called chargemasters, and are typically used as a starting point in negotiations over fees in much the same way the sticker price of a car is the initial bargaining point at an auto dealership. The chargemaster prices are typically negotiated downward to reasonable reimbursement rates for private insurers and public programs such as Medi-Cal and Medicare, according to the suit. Not so for uninsured patients of Sutter hospitals , who are billed the full sticker price, which can be 80 percent higher than the industry standard, according to the suit.
Higher energy prices act like a tax.