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.
This would, at a stroke, reducetherise in prices, increase productivity, and reduce unemployment.William Randolph Hearst
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.ben bernanke
THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.john kenneth galbraith
Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies.Alan Greenspan
High elasticity means that unit output goes up more than prices went down, so you get a growth business.andy kessler
We need to recognise that the entire information sector—from music to newspapers to telecoms to internet to semiconductors and anything in-between—has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.
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
[In this auction we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] ... each buyer fear that someone may slip in ahead of him.kenneth boulding
The most common cause of low prices is pessimism some times [ sic ] pervasive, some times[ sic ] specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.warren buffett
Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.
The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.benjamin graham
Good managements produce a good average market price, and bad managements produce bad market prices.benjamin graham
The manufacturer does not produce shoes because he knows that Jones needs them. He produces because he knows that dozens of traders will buy certain numbers at various prices because they (or rather the retailer they serve) know that thousands of Joneses, whom the manufacturer does not know, want to buy them.friedrich hayek
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.herbert hoover
We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.theodore roosevelt
Richard resumed reading the T’Rain Gazette , a daily newspaper (electronic format, of course)... which summarized what had been going on all over T’Rain during the preceding twenty-four hours: Notable achievements, wars, duels, sackings, mortality statistics, plagues, famines...untoward spikes in commodity prices.neal stephenson
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.
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.
Children who willingly participate in sexual acts have the right to make that decision as well, even if it's distasteful to us personally. Some children will make poor choices just as some adults do in smoking and drinking to excess; this is part of life. When we outlaw child pornography, the prices paid for child performers rise, increasing the incentives for parents to use children against their will.
Chargemasters contain laughably high prices that hospital administrators don’t even try to justify. (They don’t seem to know how they were set to begin with, and argue that they’re misleading because insurance companies always negotiate lower ones.) Yet people without insurance, or with too little insurance, often end up paying chargemaster prices.
Hospitals use a chargemaster to list the items involved in procedures performed at the hospital. A chargemaster contains the prices of all services, goods, and procedures for which a separate charge exists and is used to generate a patient's bill. Chargemaster information has traditionally been kept proprietary, but California via the Payers Bill of Rights has recently made its chargemaster available to the public.
In the new money system we abolish interest and inflation, thereby reducing the prices of all goods and services as well as taxes by about 40%.
Profits and prices are the street signs of the economy. Only fools flout them. The much–maligned price system works not only to secure supply but to conserve.ilana mercer
'Tis pleasant purchasing our fellow-creatures; And all are to be sold, if you consider Their passions, and are dext'rous; some by features Are brought up, others by a warlike leader; Some by a place as tend their years or natures; The most by ready cash but all have prices, From crowns to kicks, according to their vices.lord byron
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 .
I think I can say, and say with pride, that we have legislatures that bring higher prices than any in the world.