
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)
Source: Principles of Economics (1998-), Ch. 4. The Market Forces of Supply and Demand; p. 66
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.”
Jacula Prudentum (1651)
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.
Source: 1940s, Economic Analysis, 1941, p. 42 as cited in: Vernon L. Smith (1991) Papers in Experimental Economics. p. 516
Windows Vista: The Final Countdown Begins http://technewsworld.com/story/46149.html in Tech News World (19 September 2005)
Source: The Vampire Economy: Doing Business Under Fascism, 2014, p. 178
Source: Marketing Myopia, 1960, p. 10
“The greater the penalties laid on sellers in the black market… the higher the black market price.”
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
1940s