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.
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
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
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty or justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.Adam Smith
Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.benjamin graham
A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.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
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 .
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
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.
Bills that include chargemaster prices are not a true reflection of actual price and if paid at the chargemaster list price would yield extremely large profits for the hospital. (50) It can be argued that because hospitals accept different payments from different payers for identical services, hospitals engage in price discrimination--the practice of charging different customers different prices for identical goods or services.
Higher energy prices act like a tax.