“And as in other things, so in men, not the seller, but the buyer determines the Price.”
Thomas Hobbes book Leviathan
The First Part, Chapter 10, p. 42
Leviathan (1651)
Jacula Prudentum (1651)
“And as in other things, so in men, not the seller, but the buyer determines the Price.”
Thomas Hobbes book Leviathan
The First Part, Chapter 10, p. 42
Leviathan (1651)
Theodore Levitt (1925–2006) American economist and professor at Harvard Business School
Source: Marketing Myopia, 1960, p. 10
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
François Quesnay (1694–1774) French economist
François Quesnay in letter from M. Alpha to de Quesnay, 1767; cited in: Antony Jay (2010). Lend Me Your Ears: Oxford Dictionary of Political Quotations. p. 253.
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)
“6129. Who buys,
Had need of an hundred Eyes;
But one's enough,
For him that sells the Stuff.”
Thomas Fuller (writer) (1654–1734) British physician, preacher, and intellectual
Introductio ad prudentiam: Part II (1727), Gnomologia (1732)
H. Hakansson (1982), International Marketing and Purchasing of Industrial Goods: An Interaction Approach. London: John Wiley and Sons, p. 14; as cited in : Christian Homburg (2001, 16)
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.
Walter Russell (1871–1963) American philosopher
The Man who Tapped the Secrets of the Universe