“Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.”

Source: World Commodities and World Currencies (1944), Chapter II, The Issue of Cartels, p. 21

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may b…" by Benjamin Graham?

Benjamin Graham64

American investor 1894–1976

Related quotes

“The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.”

Benjamin Graham (1894–1976) American investor

Source: World Commodities and World Currencies (1944), Chapter I, The Problem of Raw Materials, p. 5

“There's the spread of infectious disease, then there's the spread of panic. They have very different mechanisms.”

Amira Roess researcher

Amira Roess (2020) cited in " The Wuhan coronavirus seems to have a low fatality rate, and most patients make full recoveries. Experts reveal why it's causing panic anyway. https://www.businessinsider.com/wuhan-coronavirus-unnecessary-panic-experts-say-2020-1?IR=T" on Business Insider, 31 January 2020.

“Your waistline may be spreading but you can't blame it on the expansion of the universe.”

Richard H. Price (1943) American physicist

as quoted by Zeeya Merali in Cosmic expansion is not to blame for expanding waistlines http://www.newscientist.com/article/mg18825194.800-cosmic-expansion-is-not-to-blame-for-expanding-waistlines.html, New Scientist, 1 October 2005.

“And as it spreads, will it spread the ability to use machines, as we do, without understanding them?”

James Burke (science historian) (1936) British broadcaster, science historian, author, and television producer

Connections (1979), 1 - The Trigger Effect
Context: You see how increasingly the only way we in the advanced industrial nations, with our bewildering technology network, can survive, is by selling bewilderment and dependence on technology to the rest of the world. Or is it not bewilderment and dependence, but a healthier wealthier better way of living than the old way? And, yet, whether or not you dress up technology to look local, the technology network is the same. And as it spreads, will it spread the ability to use machines, as we do, without understanding them?

“Is precisely in market dealings that market prices are formed for all kinds of goods and services, which will be taken as the bases of calculation. Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.”

Ludwig von Mises (1881–1973) austrian economist

“Christianity is a universalist and monotheist religion of salvation. Its long consolidation and explosive spread, achieved through a long period of discussion and zealous ferment, released vast human forces which have largely shaped the western world as we know it. An evolutionary and humanist religion of fulfilment could be more truly universal and could release even vaster human forces, which could in large measure shape the development of the entire world…”

Julian Huxley (1887–1975) English biologist, philosopher, author

The New Divinity (1964)

“Al Qaeda is a virus and it is spreading. If we fail to stop it, we will pay a very heavy price.”

Barham Salih (1960) President of Iraq

"Iraq: The Regional Security Dimension" http://www.weforum.org/en/knowledge/Events/2007/WorldEconomicForumontheMiddleEast/KN_SESS_SUMM_21329?url=/en/knowledge/Events/2007/WorldEconomicForumontheMiddleEast/KN_SESS_SUMM_21329 (May 2007) <br class="br">2000s