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?
High elasticity means that unit output goes up more than prices went down, so you get a growth business.andy kessler
[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
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
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
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.
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
Steel prices cause inflation like wet sidewalks cause rain.Roger Blough
The critical oil and natural gas producing region that we fought so many wars to try and protect our economy from the adverse impact of losing that supply or having it available only at very high prices.john r. bolton
The film studios learned to our dismay but to their pleasure that if they spent $200 million making a film they could make half a billion on it. So they were not interested anymore in quality films… They can’t afford to be that risky at those prices. Consequently you’re getting a lot of remakes, sequels, dopey comedies full of toilet jokes…woody allen
An oil crisis looms, prices are spiking – and our president is extolling algae. After Solyndra, Keystone and promises of seaweed in their gas tanks, Americans sense a president so ideologically antipathetic to fossil fuels – which we possess in staggering abundance – that he is utterly unserious about the real world of oil in which the rest of us live.charles krauthammer
[P]hysical quantities ... suffice to determine the rate of profit (and the associated prices of production) […] [I]t follows that value magnitudes are, at best, redundant in the determination of the rate of profit (and prices of production). […] Marx’s value reasoning––hardly a peripheral aspect of his work––must therefore be abandoned, in the interest of developing a coherent materialist theory of capitalism.Ian Steedman
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.
Big oil, big steel, big agriculture avoid the open marketplace. Big corporations fix prices among themselves and thus drive out of business the small entrepreneur. Also, in their conglomerate form, the huge corporations have begun to challenge the very legitimacy of the state.gore vidal