N. Gregory Mankiw (1958) American economist
Source: Principles of Economics (1998-), Ch. 4. The Market Forces of Supply and Demand; p. 66
The First Part, Chapter 10, p. 42
Leviathan (1651)
N. Gregory Mankiw (1958) American economist
Source: Principles of Economics (1998-), Ch. 4. The Market Forces of Supply and Demand; p. 66
Douglass C. North (1920–2015) American Economist
1937 and 1945)
Douglass North, in "Structure and Change in Economic History" (1981), p. 36
“386. The buyer needes a hundred eyes, the seller not one.”
George Herbert (1593–1633) Welsh-born English poet, orator and Anglican priest
Jacula Prudentum (1651)
Walter E. Williams (1936) American economist, commentator, and academic
1970s, Economics for the Citizen (1978)
Context: there's the claim that this or that price is unreasonable. I used to have conversations about this claim with Mrs. Williams early on in our 44-year marriage. She'd return from shopping complaining that stores were charging unreasonable prices. Having aired her complaints, she'd ask me to go out and unload a car trunk loaded with groceries and other items. Having completed the chore, I'd resume our conversation, saying, "Honey, I thought you said the prices were unreasonable. Are you an unreasonable person? Only an unreasonable person would pay unreasonable prices." The long and short of it is that the conversation never went over well, and we both ceased discussions of reasonable or unreasonable prices. The point is that whatever price a transaction is transacted at represents a meeting of the mind of both buyer and seller. Both viewed themselves as being better off than the next alternative -- not making the transaction. That's not to say that the seller wouldn't have found a higher price more pleasing or the buyer wouldn't have been pleased with a lower price.
Kenneth E. Boulding (1910–1993) British-American economist
Source: 1940s, Economic Analysis, 1941, p. 42 as cited in: Vernon L. Smith (1991) Papers in Experimental Economics. p. 516
Rob Enderle (1954) American financial analyst
Windows Vista: The Final Countdown Begins http://technewsworld.com/story/46149.html in Tech News World (19 September 2005)
Günter Reimann (1904–2005) German economist
Source: The Vampire Economy: Doing Business Under Fascism, 2014, p. 178
Theodore Levitt (1925–2006) American economist and professor at Harvard Business School
Source: Marketing Myopia, 1960, p. 10
“The greater the penalties laid on sellers in the black market… the higher the black market price.”
Kenneth E. Boulding (1910–1993) British-American economist
Kenneth Boulding (1947) " A Note on the Theory of the Underground economy http://www.jstor.org/stable/137604". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw http://www2.gcc.edu/dept/econ/ASSC/Papers2007/Entrepreneurial_Outlaw_York.pdf <br class="br">1940s