Quotes about price
page 11

“The White Man is tremendously creative. He is the greatest builder the world has ever known. He is the builder of the world civilizations and world empires. Unfettered and unhampered, what the White Race can accomplish collectively when properly organized is truly phenomenal and earthshaking. It is the goal of the CHURCH OF THE CREATOR to develop and bring about this tremendous potential. Bringing out this prodigious potential is what we mean by the resurrection and redemption of the White Race. Our supreme goal is advancing the best interests of the White Race. No cost is too high, no struggle too hard. We gladly intend to pay the price to accomplish this noble goal, whatever the price.”

Ben Klassen (1918–1993) American engineer, author and politician

White Man's Bible (1983)
White Man's Bible (1983)

World

“The freest importation of salt provisions, in the same manner, could have as little effect upon the interest of the graziers of Great Britain as that of live cattle. Salt provisions are not only a very bulky commodity, but when compared with fresh meat, they are a commodity both of worse quality, and as they cost more labour and expence, of higher price. They could never, therefore, come into competition with the fresh meat, though they might with the salt provisions of the country.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book IV, Chapter II

Country

“Next, we must help parents protect their children from the gravest health threat that they face -- an epidemic of teen smoking, spread by multimillion dollar marketing campaigns. I challenge Congress -- let's pass bipartisan, comprehensive legislation that will improve public health, protect our tobacco farmers and change the way tobacco companies do business forever. Let's do what it takes to bring teen smoking down. Let's raise the price of cigarettes by up to $1.50 a pack over the next 10 years with penalties on the tobacco industry if it keeps marketing to our children.”

Bill Clinton (1946) 42nd President of the United States

1998 State of the Union Address (January 27, 1998)
1990s

Children, Health, Penalty, Way

“To whom had he retailed his conscience, Sandra wondered, and what was the going price these days?”

Robert Charles Wilson book Vortex

Source: Vortex (2011), Chapter 9 (p. 118)

“I can bear this - that I am not the young wild guy [as he was in the 1970's]. I hope that the lust to work doesn't leave me. That would be sad. I am glad to get honors and high prices. But artists are valued today in terms of money, auctions. I wish society would need art more, but it doesn't. So I feel very lonely in this culture.”

Gerhard Richter (1932) German visual artist, born 1932

after 2000, Gerhard Richter: An Artist Beyond Isms' (2002)

Money, Sadness, Hope, Art

“Adrian Slywotzky believes the Internet will overturn the inefficient push model of supplier-customer interaction. He predicts that in all sorts of markets, customers will use choiceboards—interactive, on-line systems that let people design their own products by choosing from a menu of attributes, prices, and delivery options. And he explores how the shifting role of the customer—from passive recipient to active designer—will change the way companies compete.”

Adrian Slywotzky (1951) American economist

Adrian J. Slywotzky, Clayton M. Christensen, Richard S. Tedlow, Nicholas G. Carr (2000) "The future of commerce." Harvard Business Review Vol 78.1. p. 39-53. ( abstract http://hbr.org/product/future-of-commerce-hbr-onpoint-enhanced-edition/an/4681-PDF-ENG).

People, Way, Change

“Or because of the possibility of the existence of WMDs in one country, it is occupied, around one hundred thousand people killed, its water sources, agriculture and industry destroyed, close to 180,000 foreign troops put on the ground, sanctity of private homes of citizens broken, and the country pushed back perhaps fifty years. At what price?… On the pretext of the existence of WMDs, this great tragedy came to engulf both the peoples of the occupied and the occupying country. Later it was revealed that no WMDs existed to begin with.”

Mahmoud Ahmadinejad (1956) 6th President of the Islamic Republic of Iran

Paragraphs 3-4
2006, Letter to George W. Bush, 2006

People, Home, Water, Country

“The present condition of the farmers and labourers of this country is the severest condemnation of the Corn-laws that can possibly be produced…let the farmer perfectly understand that his prosperity depends upon that of his customers—that the insane policy of this House has been to ruin his customers, and that acts of Parliament to keep up prices are mere frauds to put rents into the landlords' pockets, and enable him to juggle his tenants.”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Speech http://hansard.millbanksystems.com/commons/1843/may/15/abolition-of-the-corn-laws-adjourned in the House of Commons (15 May 1843). 1840s

Law, Understanding, Fraud, Housing

“Every person should take a lesson from history. We should understand that wherever there have been internal fights and conflicts in the country, the country has been weakened. Due to this, the danger from outside increases. The country has to pay a big price due to this type of weakness.”

Rajiv Gandhi (1944–1991) sixth Prime Minister of India

In his address to the party workers on 12 November 1984 to spoil the machinations of terrorist, when he was elected to the post of the President of the Congress party, quoted by Meena Agrawal in “Rajiv Gandhi” P.74
Quote

History, Understanding, Fight, Personality

“You talk about making this article cheaper by reducing its price in the market from 8 d. to 6 d. But suppose, in so doing, you have rendered your country weaker against a foreign foe; suppose you have demoralized thousands of your fellow-countrymen, and have sown discontent between one class of society and another, your article is tolerably dear, I take it, after all.”

Samuel Taylor Coleridge (1772–1834) English poet, literary critic and philosopher

17 March 1833
Table Talk (1821–1834)

Country

“What a terrible price students are paying now for the idea of comfort.”

Alan Charles Kors (1943) American academic

2010s, Who's too Weak to Live with Freedom? (2013)

Idea

“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.”

Benjamin Graham (1894–1976) American investor

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

World

“As proposals for estimating the social scarcity prices of natural resources remain contentious, economic accountants ignore them and governments remain wary of doing anything about them.”

Partha Dasgupta (1942) British economist

Partha Dasgupta (2007). Economics: A Very Short Introduction. p. 161

Nature

“Not till the fire is dying in the grate,
Look we for any kinship with the stars.
Oh, wisdom never comes when it is gold,
And the great price we pay for it full worth:
We have it only when we are half earth.”

George Meredith (1828–1909) British novelist and poet of the Victorian era

St. 4. Modern Love http://www.ev90481.dial.pipex.com/Meredith/modern_love.htm (1862)

Wisdom, Star

“The market can quickly seize up. Prices don't adjust in a smooth continuous fashion, but instead abruptly reconfigure themselves, like the earth's crust during an earthquake.”

David Orrell (1962) Canadian mathematician

Source: The Other Side Of The Coin (2008), Chapter 6, At Rest Versus In Motion, p. 195

Fashion

“Had the price of looking been blindness, I would have looked.”

Ralph Ellison book Invisible Man

Source: Invisible Man (1952), Chapter 1.

“In theory, everybody buys the best and cheapest commodities offered to him on the market. In practice, if every one went around pricing, and chemically testing before purchasing, the dozens of soaps or fabrics or brands of bread which are for sale, economic life would become hopelessly jammed.”

Edward Bernays book Propaganda

Source: Propaganda (1928), p. 39

Life

“Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.”

Jeffrey Tucker (1963) American writer

Education, Food, Way, Beer

“If a rise in wages does not raise prices, a fall will not reduce them.”

Joan Robinson book An Essay on Marxian Economics

Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter X, Real And Money Wages, p. 89

“The storming of the Mannerheim Line was regarded as a model of operational and tactical art. Troops were taught to overcome the enemy's protracted defense by a gradual accumulation of forces and a patient "gnawing through" of breaches in the enemy's fortifications in accordance with all the rules of engineering science. Insufficient attention was paid to questions of co-operation among different branches and services of the armed forces under rapidly changing conditions. We had to retrain ourselves under enemy fire, paying a high price for the experience and knowledge without which we could not beat Hitler's army.”

Sergei Biriuzov (1904–1964) Soviet military commander

Quoted in "The Winter War: The Soviet Attack on Finland" - Page 146 - by Eloise Engle, Eloise Paananen, Lauri Paananen - History - 1992

Art, Question, Knowledge, Science

“It's funny how the music industry is enraged about the Internet and the way things are copied without being paid for. But you know why people steal the music? Because they can't afford the music. I'm not condoning downloading music for free. I don't think that's really fair, but I understand it. If you brought CD prices back down to $8.98, you would solve a lot of the industry's problems.”

Tom Petty (1950–2017) American musician

Rolling Stone interview (2002)

People, Music, Way, Understanding

“The gods have placed sweat as the price of all things.”

Hesiod Greek poet

Perhaps a mistranslation of line 289 of Works and Days, actually:
: But in front of excellence the immortal gods have put sweat
Misattributed

God

“Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!”

Ron Paul (1935) American politician and physician

Has Capitalism Failed? http://www.house.gov/paul/congrec/congrec2002/cr070902.htm (July 9, 2002). 2000s, 2001-2005

Money, Education

“It takes powers which are permanent—this is not a temporary provisions Bill—and cover all fuels. I welcome the Bill because it will enable a Labour Government to do all they want under Labour's programme for Britain…It will give us the power to control all the oil companies, all the multi-nationals, to fix their prices and their distribution systems; and under these powers every other fuel and its use, including the chemical industry, will be brought within the control of the Government of the day. This will include road transport and private transport.”

Tony Benn (1925–2014) British Labour Party politician

Speech in the House of Commons (26 November 1973) http://hansard.millbanksystems.com/commons/1973/nov/26/fuel-and-electricity-bill on the Conservatives' Fuel and Electricity (Control) Bill 1970s

“It's the rich and powerful, by and large, who glamorize immorality, but it's the poor and vulnerable who pay the price.”

Robert P. George (1955) American legal scholar

2016, Interview with Bill Kristol (2016)

“I feel no doubt whatever that the parish laws of England have contributed to raise the price of provisions and to lower the real price of labour.”

Thomas Robert Malthus (1766–1834) British political economist

Source: An Essay on The Principle of Population (First Edition 1798, unrevised), Chapter V, paragraph 13, lines 1-3

Law, Feeling

“In the formulas of 'personnel experts', men and women are to be shaped into the 'well rounded, acceptable, effective personality.' Just like small proprietors, they cannot higgle over prices, which are fixed, or 'judge the market' and accordingly buy wisely.”

C. Wright Mills book White Collar: The American Middle Classes

White Collar: The American Middle Classes (1951)

Women, Men, Personality

“Snake predation was no joke. It shaped our evolutionary past. We're attuned to snakes. We are really good at detecting the camouflage pattern of snakes in the lower half of our visual field. There's evidence that the reason human beings have such acute vision, which means that our eyes were opened, is because we co-evolved with snakes and we learned how to see them. And then the price we paid for seeing was that our brain grew, because you need a lot of brainpower to see. And the consequence of our brain growing was that one day we woke up and discovered the future. And the future is where all the snakes might live, instead of where they live right now. I already made the case that there's a tight link between what you eat and information - conceptual link as well as a practical link. But it's also the case that we can see colors. The question is: why? The answer is: we evolved to see ripe fruit. In the story of Adam and Eve human beings are given vision by the snake and the fruit. That turns out to be correct.”

Jordan Peterson (1962) Canadian clinical psychologist, cultural critic, and professor of psychology

Concepts

Color, Question, Learning, Past

“Aniela knows perfectly that I live for her only, exist through her; that all my thoughts belong to her, my actions have only her in view; that she is to me an issue of life and death; and in spite of all that she calmly decides to go away. Whether I should perish or beat my head against the wall, she never so much as considered. She will be more at ease when she ceases to see me writhing like a beetle stuck on a pin; she will be no longer afraid of my kissing her feet furtively, or startling that virtuous conscience. How can she hesitate when such excellent peace can be got, at so small a price as cutting somebody's throat! Thoughts like these spun across my brain by thousands.”

Henryk Sienkiewicz book Without Dogma

11 July
Without Dogma (1891)

Life, Death, Peace, Kiss

“Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing — if not eliminating altogether — any economic reason to 'push' drugs on children.”

L. Neil Smith (1946) American writer

"Some Random Thoughts About the War On Drugs".

Children, Law, Business

“We're all grossly ignorant about most things that we use and encounter in our daily lives, but each of us is knowledgeable about tiny, relatively inconsequential things. For example, a baker might be the best baker in town, but he's grossly ignorant about virtually all the inputs that allow him to be the best baker. What is he likely to know about what goes into the processing of the natural gas that fuels his oven? For that matter, what does he know about oven manufacture? Then, there are all the ingredients he uses -- flour, sugar, yeast, vanilla and milk. Is he likely to know how to grow wheat and sugar and how to protect the crop from diseases and pests? What is he likely to know about vanilla extraction and yeast production? Just as important is the question of how all the people who produce and deliver all these items know what he needs and when he needs them. There are literally millions of people cooperating with one another to ensure that the baker has all the necessary inputs. It's the miracle of the market and prices that gets the job done so efficiently. What's called the market is simply a collection of millions upon millions of independent decision makers not only in America but around the world. Who or what coordinates the activities all of these people? Rest assuredly it's not a bakery czar.”

Walter E. Williams (1936) American economist, commentator, and academic

1970s, Economics for the Citizen (1978)

People, World, Disease, Question

“Faith is cold as ice.
Why are little ones born only to suffer
for the want of immunity, or a bowl of rice?
Well, who would hold a price on the heads of the innocent children
if there's some immortal power to control the dice?
-- Roll The Bones (1991)”

Neil Peart (1952–2020) Canadian-American drummer , lyricist, and author

Rush Lyrics

Children, Faith, Suffering

“The undergraduates lamented the high price of textbooks and the equally outrageous fact that they were expected to read them.”

James K. Morrow (1947) (1947-) science fiction author

Source: The Philosopher's Apprentice (2008), Chapter 8 (p. 171)

Reading

“Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Five, Accidental Capitalists, p. 113

“The misconception that costs determined prices prevented economists for a long time from recognizing that it was prices which operated as the indispensable signals telling producers what costs it was worth expending on the production of the various commodities and services, and not the other way around. It was the costs which they had expended which determined the prices of things produced.It was this crucial insight which finally broke through and established itself about a hundred years ago through the so-called marginal revolution in economics.The chief insight gained by modern economists is that the market is essentially an ordering mechanism, growing up without anybody wholly understanding it, that enables us to utilize widely dispersed information about the significance of circumstances of which we are mostly ignorant. However, the various planners (and not only the planners in the socialist camp) and dirigists have still not yet grasped this.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1980s and later, Knowledge, Evolution and Society (1983), "Coping with Ignorance"
Source: http://imprimis.hillsdale.edu/coping-with-ignorance/

Way, Understanding, Time

“Alexander Gardner who later became the Colonel of Artillery in the service of Maharaja Ranjit Singh, had travelled extensively in Central Asia from 1819 to 1823 C. E. He saw a lot of slave-catching in Kafiristan, a province of Afghanistan, which was largely inhabited by infields at that time. He found that the area had been reduced to “the lowest state of poverty and wretchedness” as a result of raids by the Muslim king of Kunduz for securing slaves and supplying them to the slave markets in Balkh and Bukhara. He writes:
“All this misery was caused by the oppression of the Kunduz chief, who not content with plundering his wretched subjects, made an annual raid into the country south of Oxus, and by chappaos (night attacks) carried off all the inhabitants on whom his troops could lay their hands. These, after the best had been selected by the chief and his courtiers, were publicly sold in the bazaars of Turkestan. The principal providers of this species of merchandise were the Khan of Khiva, the king of Bokhara (the great hero of the Mohammedan faith), and the robber beg of Kunduz.
“In the regular slave markets, or in transactions between dealers, it is the custom to pay for slaves in money; the usual medium being either Bokharan gold tillahs (in value about 5 or 51/2 Company rupees each), or in gold bars or gold grain. In Yarkand, or on the Chinese frontier, the medium is the silver khurup with the Chinese stamp, the value of which varies from 150 to 200 rupees each. The price of a male slave varies according to circumstances from 5 to 500 rupees. The price of the females also necessarily varies much, 2 tillahs to 10,000 rupees. Even the double the latter sum has been known to have been given.
“However, a vast deal of business is also done by barter, of which we had proof at the holy shrine of Pir-i-Nimcha, where we exchanged two slaves for a few lambs’ skins! Sanctity and slave dealing may be considered somewhat akin in the Turkestan region, and the more holy the person the more extensive are generally his transactions in flesh and blood.””

Alexander Gardner (soldier)

Alexander Gardner subsequently found a Muslim fruit merchant at Multan “who was proved by his own ledger to have exchanged a female slave girl for three ponies and seven long-haired, red-eyed cats, all of which he disposed of, no doubt to advantage, to the English gentlemen at this station.”
Memoirs of Alexander Gardner, edited by Major Hugh Pearce, first published in 1898, reprint published from Patiala in 1970, quoted from Lal, K. S. (1994). Muslim slave system in medieval India. New Delhi: Aditya Prakashan. Chapter 1

Money, Faith, Travel, Girl

“Entropy is the price of structure”

Ilya Prigogine (1917–2003) physical chemist

Source: Order Out of Chaos: Man's New Dialogue with Nature (1984), p. 283-284.

“To get straight to the point, the local group of artist called Die Brücke would reckon it a high honour to be able to welcome you as a member. Of course you will know as little about Die Brücke as we knew about you before your ehibition at [Arnold’s [gallery Arnold at Dresden. Now, one of the aims of Die Brücke is to attract all the revolutionary and fermenting elements to itself – that’s the menaing of the name Brücke. The gruop also arranges several exhibitions a year, which it sends on tour in Germany... Now, dear Herr Nolde, think as you like and what you like, we hope this offer is the proper price for your tempests od colour.”

Karl Schmidt-Rottluff (1884–1976) German artist

In a letter of Schmidt-Rottluff from Dresden, 1906 to Emil Nolde; as quoted in Expressionism, de:Wolf-Dieter Dube; Praeger Publishers, New York, 1973, p. 32
Schmidt-Rottluff was one of the founders of Die Brücke and invited Emil Nolde to participate, and emphasized the group's spirit of experimentation which they recognized in Nolde's painting art

Hope, Thinking

“If you have to ask the price, you can't afford it.”

J. P. Morgan (1837–1913) American financier, banker, philanthropist and art collector

About purchasing a yacht; quoted in "Business Education World" (Gregg Publishing Company, 1961)
Attributed

“Advertising works. Brand names are better known if advertised with sexy or alluring pictures, and better-known brands sell better. Why does it work? Because the price the consumer would have to pay in ignoring the subliminal message is just to high. Better to be fooled into buying the second best ice-cream than go to all the bother of educating yourself into the ability to resist salesmen.”

Matt Ridley (1958) economist

Source: The Red Queen (1993), Ch. 5

Education, Fools

“The cities in which we live in are schools of death, because they are dishuman. Each one of them has become a den of noise and of stench, for each of one has became a chaos of buildings, in which we ammass ourselves in millions, losing our life’s reasons. Unfortunates without escape, we feel to have put ourselves, willing or not, in the labyrinth of the absurd, from which we will leave only when we will die, for our destiny is to continue to multiply ourselves, only to die in great numbers. At every turn of the wheel, the cities in which we live in advance slowly one against the other, desiring only to confuse with each other: it’s a run towards the absolute chaos, in the noise and in the stench. At every turn of the wheel the price of the grounds go up, and in the labyrinth which devours the free space the revenue of the investiments builds up, day after day, hundreds of walls. It’s necessary that money give revenues and that the cities in which we live in advance, so it’s right that the houses double their height at every generation, even if the water is missing half of the days. The builders only desire to escape the destiny that they prepare for us, moving towards the countryside.”

Albert Caraco (1919–1971) French-Uruguayan philosopher

Translation from: Albert Carao (1919-1917) http://illusioncity.net/albert-caraco/ at illusioncity.net by Snake June 17, 2012 Ma confession (1975)

Life, Death, Money, School

“Like Bancroft, MacIntyre had been a man of power, and like all men of power, when he talked of prices worth paying, you could be sure of one thing.
Someone else was paying.”

Richard K. Morgan book Altered Carbon

Source: Altered Carbon (2002), Chapter 16 (p. 217)

Men

“It is estimated that the value of the crops for this harvest year may reach $13,000,000,000, which is an increase of over $3,000,000,000 in three years. It compares with $7,100,000,000 in 1913, arid if we make deduction from the figures of 1924 for the comparatively decreased value of the dollar, the yield this year still exceeds 1913 in purchasing power by over $1,000,000,000, and in this interval there has been no increase in the number of farmers. Mostly by his own effort the farmer has decreased the cost of production. A marked increase in the price of his products and some decrease in the price of his supplies has brought him about to a parity with the rest of the Nation. The crop area of this season is estimated at 370,000,000 acres, which is a decline of 3,000,000 acres from last year, and 6,000,000 acres from 1919. This has been a normal and natural application of economic laws, which has placed agriculture on a foundation which is undeniably sound and beginning to be satisfactory.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Second State of the Union Address (1924)

Law, Nature, Effort, Season

“The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.”

Ron Paul (1935) American politician and physician

CONFERENCE REPORT ON S. 900, GRAMM-LEACH-BLILEY ACT, November 8, 1999 http://www.house.gov/paul/congrec/congrec99/cr110899-glb.htm 1990s

Money, Home, Problem

“To be a progressive, then, means being a partisan—at least for now. The only way a progressive agenda can be enacted is if Democrats have both the presidency and a large enough majority in Congress to overcome Republican opposition. And achieving that kind of political preponderance will require leadership that makes opponents of the progressive agenda pay a political price for their obstructionism—leadership that, like FDR, welcomes the hatred of the interest groups trying to prevent us from making our society better.”

Paul Krugman book The Conscience of a Liberal

Source: The Conscience of a Liberal (2007), Ch. 13. The Conscience of a Liberal

Way

“If women with the same skills as men were getting only 78 cents for every dollar a man earns, men would have long-since priced themselves out of the market.”

Ilana Mercer South African writer

"Barack Against the Boys," http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=489 WorldNetDaily.com, March 13, 2009. 2000s, 2009

Women, Men

“My whole concept of economics is based on the idea that we have to explain how prices operate as signals, telling people what they ought to do in particular circumstances. The approach to this problem has been blocked by a cost or labor theory of value, which assumes that prices are determined by the technical conditions of production only. The important question is to explain how the interaction of a great number of people, each possessing only limited knowledge, will bring about an order that could only be achieved by deliberate direction taken by somebody who has the combined knowledge of all these individuals. However, central planning cannot take direct account of particular circumstances of time and place. Additionally, every individual has important bits of information which cannot possibly be conveyed to a central authority in statistical form. In a system in which the knowledge of relevant data is dispersed among millions of agents, prices can act to coordinate the separate actions of different individuals.
Given this context, it is intellectually not satisfactory to attempt to establish causal relations between aggregates or averages in the manner in which the discipline of macroeconomics has attempted to do. Individuals do not make decisions on the basis of partial knowledge of magnitudes such as the total amount of production, or the total quantity of money. Aggregative theorizing leads nowhere.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1960s–1970s, A Conversation with Professor Friedrich A. Hayek (1979)

Money, People, Idea, Question

“The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices… losses in output and employment (and pressure on the European central bank to inflate) will predominate.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

Loss

“Piracy is almost always a service problem and not a pricing problem.”

Gabe Newell (1962) American computer programmer and businessman

Interview: Gabe Newell, Gabe Newell, The Cambridge Student, 2011-11-24 http://www.tcs.cam.ac.uk/interviews/0012301-interview-gabe-newell.html,

Problem

“The profit motive should not be confused with the profit system. By the profit system, of course, we mean the institution of private property in capital goods and the free private enterprise that goes along with it. There is no reason why the "profit motive" should be necessarily connected with the profit system. In a profit system there is nothing to prevent anyone acting on altruistic lines; there is no law that says a businessman must maximize his profits. If a businessman chose to operate with outputs, prices, and wages that yielded him a smaller profit than the maximum, but which he felt were socially more desirable, there is nothing in the profit system that would prevent him from doing this. Nothing in the profit system would prevent the most ardent liberal from refusing an increase in wages, or from accepting an unpleasant and poorly paid job. At the other extreme, there is nothing in a communist system that would do away with the profit motive, or the "advantage motive."”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, The Economics of Peace, 1945, p. 239

Law, Motivation

“The purpose of the large horizontal (same-product) mergers was to reduce the number of plants and, hence, control production enough to insure a reasonable rate of profit. Mergers would allow a newly created large firm to produce full-time in its most efficient plants, and thereby maintain prices, production, and profits.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 55

Time

“Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.”

Aaron C. Brown (1956) American financial analyst

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 2

People, Faith

“In the making both of lace and of statues, the remuneration to the artists can only be reduced by producing a larger number of them through more extended education. The expense of the raw material is small in both. The expense of labour in lacemaking is very large, and it is perhaps considerable also in sculpture. The discovery of more convenient localities yielding marble, may make some diminution in its cost; and the improved manufacture of thread may slightly reduce the price of lace. A reduction in the price of labour may to a very moderate extent reduce the cost of the raw material of both. But it is evident that any very great reduction is not to be expected.
Let us now contrast this possible reduction with the past history of some industrial art. The plain lace made at Nottingham, called patent net, will supply us with a good example. In the year 1813 that lace was sold in the piece at the rate of 218. a-yard. At the present time lace of the same kind, but of a better quality, is sold under the same circumstances at 3d. per yard. Thus, in less than forty years the price of the industrial produce has diminished to one eighty-fourth part of its original price.”

Charles Babbage (1791–1871) mathematician, philosopher, inventor and mechanical engineer who originated the concept of a programmable c…

Source: The Exposition of 1851: Views Of The Industry, The Science, and the Government Of England, 1851, p. 51-52

Education, Art, History, Time

“It is in a sculptor's interest that there should exist a close relationship between his art and that of the poet. Otherwise, his sculpture may lack human or emotional content and become too strictly architectural. We sculptors pay a heavy price for the limited freedom that we enjoy as a result of our being able to create in three dimensions; we must sacrifice color and whole realms of subject matter, such as landscape, that scarcely lend themselves to a representation in three dimensions.”

Ossip Zadkine (1890–1967) French sculptor

c. 1960, in France
Source: 1960 - 1968, Dialogues – conversations with.., quotes, c. 1960, p. 153

Art, Color, Freedom

“To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The speculator's only comfort, henceforth, was that his ruin would be accomplished in an orderly and becoming manner.”

John Kenneth Galbraith book The Great Crash, 1929

The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929) Source: Chapter VI https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Things Become More Serious, Section II, p 110

“Remember, [in the Bible] it's adultery only if the woman is already married. It doesn't matter if the man is married. If he is, she may just become another one of his wives, and a man can have sex with other women who aren't his wives, and that's not cheating either, as long as they live with him, because a man is also allowed to have concubines, and a concubine is a sort of sexual servant who serves no other purpose and has no claim to your estate. Your wife may not have a claim to your estate either, because when you die your wife may become your brother's sexual property. That's how the Bible defines marriage! The Bible does not prohibit multiple wives or incest either. In fact, both are promoted. However, when your father dies, your mother does not become your wife, and you can't inherit any of his other wives either, and the reason that the Bible gives for that is because that would be like looking up your father's skirt… So, a man can have multiple wives and a collection of personal harlots, but he can also have sex with his slaves, and that's not cheating either. You've heard of friends with benefits? You can call this your property rights. That's the only way that makes sense, because according to the Bible all women are property, and property doesn't have rights. Now, some people equate having sex with slaves to rape, because the slave doesn't have any choice. But, according to the Bible, women don't have any choice anyway, and rape can be a prelude to matrimony; if you're a Bronze Age Israelite and you see some young cutie walking unescorted, if you like her, you want her, you can have her, even if she doesn't want you. Now, if you rape a married woman, that's a death sentence for both of you (because the Bible is stupid like that). But if she's not promised to someone else, and you rape her and you get caught, you have to pay her father fifty shekels of silver and she's yours. He may not want her back after that, even his own child, because an unmarried woman who wasn't a virgin was considered damaged goods back then, so they had this rule that "if you pop it, you buy it." So your victim becomes your bride and you're stuck together forever, and can never get divorced (so be careful who you rape). There's actually a cheaper [and] easier way to get a bride; if a man takes a wife and decides he doesn't like her, if he can prove she wasn't a virgin (or if he can convince other people that was probably not a virgin), she she will be murdered on her father's doorstep because, according to the god of infinite mercy, that's the moral thing to do. But if she can prove that she was a virgin, then she must remain married forever to the man who hates her, because that's divine wisdom too. That unpleasant arrangement for both of you will also cost you a hundred shekels, whereas you can marry your rape victim for half the price. So, if you're a complete loser, and you can't get any woman who appeals to you by the normal way, just rape whoever you like and she's yours forever.”

Aron Ra (1962) Aron Ra is an atheist activist and the host of the Ra-Men Podcast

Youtube, Other, Biblical Family Values https://www.youtube.com/watch?v=bldw8X5apnY (July 11, 2015)

Death, Wisdom, Women, God

“It is not so well known that it [Keynes's and my own move from thinking in terms of price-levels and the rate of interest to thinking in terms of inputs and outputs] is matched by a movement from Hayek to Harrod. I once asked Harrod what had put him on to the construction of his so-call 'dynamic' theory; he said, to my surprise, that it was thinking about Hayek.”

John Hicks (1904–1989) British economist

Source: Money, Interest and Wages, (1982), p. 340

Thinking

“Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' — as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.”

James K. Galbraith (1952) economist

James K. Galbraith (2012), Inequality and Instability: A Study of the World Economy. p. 148; Cite in: " Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler http://www.thestraddler.com/201310/piece2.php" at thestraddler.com, Winter 2013.

People, Business, Evil, Wealth

“It is a temporal universal that people never appreciate their own time, especially transportation. Twentieth-Century contemps complained about cancelled flights and gasoline prices, Eighteenth-Century contemps complained about muddy roads and highwaymen. No doubt Professor Peddick’s Greeks complained about recalcitrant horses and chariot wheels falling off.”

Connie Willis book To Say Nothing of the Dog

Source: To Say Nothing of the Dog (1998), Chapter 18 (p. 318)

People, Universe, Time, Horse

“He has embarrassed the government. By continuing as minister without portfolio he has earned himself a price for silence.”

Arun Jaitley (1952–2019) Indian politician

Calling for the resignation of Natwar Singh who was accused of corruption, as quoted in " Indian foreign minister removed http://news.bbc.co.uk/2/hi/south_asia/4414504.stm", BBC News (7 November 2005)

Silence

“One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn’t cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that’s precisely why tax revenues have soared. When a department store wants to make more money, it doesn’t raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.”

Mike Rosen (1944) American political pundit

July 22, 2005 Rocky Mountain News column

Money, War, History

“Prices have no memory, and yesterday has nothing to do with tomorrow.”

George Goodman (1930–2014) American author and economics commentator

Source: The Money Game (1968), Chapter 11, What The Hell Is A Random Walk?, p. 148

Memory

“Women have come a long way, of course: we can all be left alone at night now. But sometimes it seems a high price to pay. We can also open the door cheerfully to strangers at any hour, deal with obscene telephone calls and mend fuses.”

Anita Brookner (1928–2016) British novelist and art historian.

A Friend From England (1987)

Women, Way, Night

“The declared object of deflation was the restoration of the gold standard at pre-war parity. Its actual effect has been to create unemployment by the restriction of industrial credit. By the lever of unemployment it has forced down wages and has thus facilitated the return to gold through the reduction of prices. An incidental effect has been to transfer purchasing power from the workers, whose wages have been reduced, to the bondholders, whose interest has remained the same. It has also doubled the real burden of Debt since 1920, and was largely responsible for the mining lock-out last year, by the reduction in terms of sterling of the money which we receive for coal sold abroad. Deflation, in fact, has been responsible for a sinister catalogue of disasters which can be substantiated in detailed argument that has never yet been rebutted.”

Oswald Mosley (1896–1980) British politician; founder of the British Union of Fascists

New Leader (20 September 1927), quoted in Robert Skidelsky, Oswald Mosley (Papermacs, 1981), pp. 152-153.

Money, War

“If I had to choose between having someone physically faithful to me or having him committed to my preservation, I would opt for the latter because there is no doubt in my mind when I see couples at parties selling each other out which is the worst offense. Physical fidelity is a lovely thing if someone feels that way about you willingly, but relatively meaningless of you exact it for a price. And while it is easy enough to be faithful for the first five or ten years, it is more difficult by twice each year after that, so women as well as men are finding it hard to do.”

Merle Shain (1935–1989) Canadian writer

Some Men are More Perfect Than Others (1973)

Love, Women, Men, Faith

“Punk: "The WWE Championship, in its physical form, was stolen from me and is currently held by someone who doesn't deserve it. Someone who doesn't pay the price. Someone who doesn't understand what it means... to be champion."”

Phil Brooks (1978) American professional wrestler and mixed martial artist

February 04, 2013
WWE Raw

Understanding

“Ricardo's theory is absolutely right—within its narrow confines. His theory correctly says that, accepting their current levels of technology as given, it is better for countries to specialize in things that they are relatively better at. One cannot argue with that. His theory fails when a country wants to acquire more advanced technologies—that is, when it wants to develop its economy. It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries. Ricardo's theory is, thus seen, for those who accept the status quo but not for those who want to change it.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 2: 'The double life of Daniel Defoe; How did the rich countries become rich?', The double life of the British economy, p. 47

Learning, Change, Chance, Time

“Dear Sir Verloren. Today I send you a drawing for your art-reviews. I would liked to have done more for you, but I have many demands for drawings from all sides and I am still very busy with paintings after my studies I made during the last trip. I hope that the drawing will be acceptable. The price is 150 guilders. I am not sure you need a title, call it just simply, 'Bij een Drentsch dorp' (At a village in Drenthe).”

Willem Roelofs (1822–1897) Dutch painter and entomologist (1822-1897)

translation from original Dutch: Fons Heijnsbroek (original Dutch: citaat van Willem Roelofs, in het Nederlands:) Waarde Heer Verloren. Heden zend ik U eene teekening voor Uwe kunstbeschouwingen. Gaarne had ik méér gedaan, maar heb aan alle kanten vraag naar teekeningen en zit daarenboven nog tot over de ooren in schilderijen naar studies der laatste reis. Ik hoop dat men de teekening redelijk goed zal vinden.- De prijs is 150 guldens.- Ik weet niet of gij een titel behoeft, noem het dan maar eenvoudig, 'Bij een Drenthsch dorp'. Quote from a letter of W. Roelofs 2 Oct. 1861, to art-collector/dealer P. verloren van Themaat in Utrecht, taken from: an extract in the Dutch Archive R.K.D., The Hague https://rkd.nl/explore/excerpts/281 1860's

Hope, Art, Business, Study

“Suppose that a man found his person and his means of survival incessantly menaced […]Even though this man might be asked to surrender a very considerable portion of his time and of his labor to someone who takes it upon himself to guarantee the peaceful possession of his person and his goods, wouldn't it be to his advantage to conclude this bargain?Still, it would obviously be no less in his self-interest to procure his security at the lowest price possible.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 20-21

Peace, Time, Personality

“As a condition of equal treatment, we homosexuals are expected to conform to the straight system, adopting its norms and aspirations. The end result is gay co-option and invisibilisation. We get equality, but the price we pay is the surrender of our unique, distinctive queer identity, lifestyle and values (the important insights and ethics that we have forged in response to exclusion and discrimination by a hostile straight world). […] Meanwhile, all the sex-repressive social structures, institutions and moralities remain intact, and the "bad gays" remain sexual outlaws.
This nouveau gay reformism involves the abandonment of any critical perspective on straight culture. In place of a healthy scepticism towards the heterosexual consensus, it substitutes naïve acquiescence. Discernment is abandoned in favour of compliance. We trade our souls for the 'gift' of equal rights.”

Peter Tatchell (1952) British gay rights activist

Equality is not Enough http://www.petertatchell.net/lgbt_rights/equality_not_enough/equality_is_not_enough.htm, Official Website

Hostility, World, Sex, Soul

“When we sell a kilo of bean coffee in Uganda, we get one dollar per kilo. The same kilo, when it is processed [and sold in the UK], goes for $10, $11 or even more a kilo. That is the same situation [price disparity] that goes for all raw materials.”

Yoweri Museveni (1944) President of Uganda

As quoted in "President Museveni Highlights Ugandan Achievements for Americans: Ugandan leader proud of political opening, economic growth in his country" https://web.archive.org/web/20050927025054/http://news.findlaw.com/wash/s/20050923/200509231521551.html (23 September 2005), by Jim Fisher-Thompson, Washington File, FindLaw 2000s

Coffee

“It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 5, Determination of National Income and Consumption, p. 63

“It seems to me that today, if the artist wishes to be serious — to cut out a little original niche for himself, or at least preserve his own innocence of personality — he must once more sink himself in solitude. There is too much talk and gossip; pictures are apparently made, like stock-market prices, by competition of people eager for profit; in order to do anything at all we need (so to speak) the wit and ideas of our neighbors as much as the businessmen need the funds of others to win on the market. All this traffic sharpens our intelligence and falsifies our judgment.”

Edgar Degas (1834–1917) French artist

Quote from Degas' Notebook entry c. 1860's; as quoted in Artists on Art: From the XIV to the XX Century, ed. Robert Goldwater (Pantheon, 1945)
1855 - 1875

People, Intelligence, Idea, Solitude

“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 (1948) American lawyer and diplomat

John Bolton Admits All Of These Wars Are For Oil http://www.youtube.com/watch?v=rAgv6HaOHzM, interview on Fox News, October 22, 2011

War, Nature

“We praise loyalty, but it pays the price when it supports those whom Fortune crushes.”
Dat poenas laudata fides, cum sustinet inquit quos fortuna premit.

Marcus Annaeus Lucanus book Pharsalia

Book VIII, line 485 (tr. J. D. Duff).
Pharsalia

Support, Loyalty

“They are the working class ‘sublated’ – improved upon and replaced. They may be as clueless as to strategy as the workers of the early nineteenth century were, but they are no longer in thrall to the system. They are enormously dissatisfied with it. They are a group whose diverse interests converge on the need to make postcapitalism happen, to force the info-tech revolution to create a new kind of economy, where as much as possible is produced free, for collaborative common use, reversing the tide of inequality. Neoliberalism can offer them only a world of stagnant growth and state-level bankruptcy: austerity until death, but with an upgraded version of the iPhone every few years. And the freedom they cherish is perennially hemmed in by the neoliberal state – from the NSA’s mass surveillance techniques to those of the Chinese internet police. Above their heads, politics in many countries has become infested by a kleptocratic mafia, whose strategy is to deliver growth at the price of suppressing freedom and expanding inequality.”

Paul Mason (journalist) book PostCapitalism: A Guide to our Future

PostCapitalism: A Guide to our Future (2015)

Death, World, Freedom, Country

“Indeed, the PLO's submission to Israel's rewriting of the conflict had begun even before Oslo: part of the price for the Madrid Conference was the repeal, in December 1991, of the 1975 UN General Assembly Resolution 3379 (XXX) characterizing Zionism as "a form of racism and racial discrimination."”

Joseph Massad (1963) Associate Professor of Arab Studies

Ibid.
On the PLO

Parting

“Today, thousands of farm workers live under savage conditions — beneath trees and amid garbage and human excrement — near tomato fields in San Diego County, tomato fields which use the most modern farm technology.
Vicious rats gnaw on them as they sleep. They walk miles to buy food at inflated prices. And they carry in water from irrigation pumps.”

Cesar Chavez (1927–1993) American farm worker, labor leader, and civil rights activist

What the Future Holds (1984)

Food, Sleep, Tree, Water

“Remember…that if thou marry for beauty, thou bindest thyself all thy life for that which perchance will never last nor please thee one year; and when thou hast it, it will be to thee of no price at all, for the desire dieth when it is attained, and the affection perisheth when it is satisfied.”

Walter Raleigh (1554–1618) English aristocrat, writer, poet, soldier, courtier, spy, and explorer

Source: Instructions to his Son and to Posterity (published 1632), Chapter II

Life, Beauty

“It is indeed true that the reduction of inflation came at a big price—that Volcker's tightening, for instance, succeeded in lowering inflation only in the wake of a severe recession. But this possibility was, first of all, one concerning which monetarists were perfectly aware: they understood the danger that, once inflation, and accelerating inflation especially, came to be anticipated by the public, putting the breaks on money growth would result in prices and wages continuing for some time to rise beyond their new, less-rapidly rising equilibrium values, with a consequent rise in unemployment.”

George Selgin (1957) economist

In Defense of Monetarism (2008)

Money, Time

“Balancing fiscal and monetary policies is a problem. If you do just one thing, it is not necessarily enough—neither monetary policy alone nor fiscal policy alone, and neither tax cuts nor expenditure increases alone. You need to mix policy. By having the right balance, you can get high employment and stable prices.”

Lawrence Klein (1920–2013) American economist

"Keynsianism Again: Interview with Lawrence Klein", Challenge (May-June 2001)

Problem

“The price of peace is eternal vigilance.”

George Marshall (1880–1959) US military leader, Army Chief of Staff

This has been attributed to Marshall, and he might have used the phrase, but earlier uses exist:
There is an imperialism that deserves all honor and respect — an imperialism of service in the discharge of great duties. But with too many it is the sense of domination and aggrandisement, the glorification of power. The price of peace is eternal vigilance.
Leonard H. Courtney as quoted in The Life Of Lord Courtney (I920) by G. P. Gooch
Courtney's statement however is probably derived from an earlier statement with several variants:
The price of freedom is eternal vigilance.
The price of liberty is eternal vigilance.
Eternal vigilance is the price of liberty.
These have often been attributed to Thomas Jefferson, but also Thomas Paine, Abraham Lincoln, and many others; Alfred Denning in The Road to Justice (1988) states that the phrase originated in a statement of Irish orator John Philpot Curran in 1790: "It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance."
Misattributed

Peace

“The appropriate emotion is shame — shame at our own dependency, in this case, on the underpaid labor of others. When someone works for less pay than she can live on — when, for example, she goes hungry so that you can eat more cheaply and conveniently — then she has made a great sacrifice for you, she has made you a gift of some part of her abilities, her health, and her life. The "working poor," as they are approvingly termed, are in fact the major philanthropists of our society. They neglect their own children so that the children of others will be cared for; they live in substandard housing so that other homes will be shiny and perfect; they endure privation so that inflation will be low and stock prices high. To be a member of the working poor is to be an anonymous donor, a nameless benefactor, to everyone else.”

Barbara Ehrenreich (1941) American writer and journalist

Evaluation (p. 221)
Nickel and Dimed: On (Not) Getting by in America (2001)

Life, Children, Health, Home

“Writing about the days of Sultan Muhammad bin Tughlaq (1325-51), Shihabuddin Al-Umari writes:
“The Sultan never ceases to show the greatest zeal in making war upon the infidels… Every day thousands of slaves are sold at a very low price, so great is the number of prisoners… (that) the value at Delhi of a young slave girl, for domestic service, does not exceed eight tankahs. Those who are deemed fit to fill the parts of domestic and concubine sell for about fifteen tankahs. In other cities prices are still lower…” Probably it was so because Ibn Battuta while in Bengal says that a pretty Kaniz (slave girl) could be had there for one gold dinar (or 10 silver tankahs). “I purchased at this price a very beautiful slave girl whose name was Ashura. A friend of mine also bought a young slave named Lulu for two gold coins.”32…Umari continues, “but still, in spite of low price of slaves, 20000 tankahs, and even more, are paid for young Indian girls. I inquired the reason… and was told that these young girls are remarkable for their beauty, and the grace of their manners.””

Muhammad bin Tughluq (1290–1351) Turkic Sultan of Delhi

Battuta, Mahdi Husain, 235; Quaunah Turks, 155 n. ; Masalik-ul-Absar, E.D., III, 580-81. (Shihabuddin al-Umri, Masalik-ul-Absar fi Mumalik-ul-Amar) quoted from Lal, K. S. (1994). Muslim slave system in medieval India. New Delhi: Aditya Prakashan. Chapter 10

War, Beauty, Girl, Parting

“In the new money system we abolish interest and inflation, thereby reducing the prices of all goods and services as well as taxes by about 40%.”

Margrit Kennedy (1939–2013) German architect

Source: Interest and Inflation Free Money (1995), Chapter Three, Who Would Profit From a New Monetary System?, p. 66

Money

“Magazines were even more scarce than books. It was after I moved into "town" (speaking comparatively) that I began to buy magazines. I well remember the first I ever bought. I was fifteen years old; I bought it one summer night when a wild restlessness in me would not let me keep still, and I had exhausted all the reading material on the place. I'll never forget the thrill it gave me. Somehow it never had occurred to me before that I could buy a magazine. It was an Adventure. I still have the copy. After that I bought Adventure for many years, though at times it cramped my resources to pay the price. It came out three times a month, then… I skimped and saved from one magazine to the next; I'd buy one copy and have it charged, and when the next issue was out, I'd pay for the one which I owed, and have the other one charged, and so on. So I generally owed for one, but only one.”

Robert E. Howard (1906–1936) American author

From a letter to H. P. Lovecraft (1933)
Letters

Books, Time, Reading, Summer

“Tis very vain for me to boast
How small a price my Bible cost,
The day of judgment will make clear
'Twas very cheap — or very dear”

Michael Bruce (1746–1767) Scottish poet and hymnist

Inscription on a Bible,Epigram- The Works of Michael Bruce ed:with memoir and notes by Andrew B Grosart, Murray And Gibb, Printers, Edinburgh (1864).

“I value all things only by the price they shall gain in eternity.”

John Wesley (1703–1791) Christian theologian

As quoted in The Law of Rewards : Giving What You Can't Keep to Gain What You Can't Lose (2003 by Randy C. Alcorn, p. 18
General sources

“I have always considered the price of perfection prohibitive and allowed mistakes as a part of the learning process. I prefer a dash of daring and persistence to perfection. I have always supported learning on the part of my team members by paying vigilant attention to each of their attempts, be they successful or unsuccessful.”

A. P. J. Abdul Kalam book Wings of Fire

Source: Wings of Fire, p. 58.

Support, Learning, Success, Parting

“The observer usually will see what his fears and hopes and learning teach him to see. But if he can escape these demands that hold up a mirror to himself, then perhaps some of the implications of the work may be felt. But whatever is seen of felt it should be remembered that for me these paintings had to be something else. It is the price one has to pay for clarity when one’s means are honoured only as an instrument of seduction or assault.”

Clyfford Still (1904–1980) American artist

Letter to Dorothy Miller February 5, 1952; as quoted in Abstract Expressionism Creators and Critics, edited by Clifford Ross, Abrams Publishers New York 1990, p. 193
1950s

Fear, Hope, Learning, Painting

“The time component of economic production became vital in Hayek’s work in economic theory. Essentially, his economic work could be said to rest on the idea that the price system is a method for coordinating economic activity through time.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

Idea, Time

“The world is hungry but lacks the money to buy food; and paradoxically, in the underdeveloped world, in the world of the hungry, possible ways of expanding food production are discouraged in order to keep prices up, in order to be able to eat. This is the inexorable law of the philosophy of plunder, which must cease to be the rule in relations between peoples.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

On Development (1964)

Money, People, World, Law

“My first essay at making a steam engine was when I was fifteen. I then made a real working; steam-engine, 1 3/4 diameter cylinder, and 8 in. stroke, which not only could act, but really did some useful work; for I made it grind the oil colours which my father required for his painting. Steam engine models, now so common, were exceedingly scarce in those days, and very difficult to be had; and as the demand for them arose, I found it both delightful and profitable to make them; as well as sectional models of steam engines, which I introduced for the purpose of exhibiting the movements of all the parts, both exterior and interior. With the results of the sale of such models I was enabled to pay the price of tickets of admission to the lectures on natural philosophy and chemistry delivered in the University of Edinburgh. About the same time (1826) I was so happy as to be employed by Professor Leslie in making models and portions of apparatus required by him for his lectures and philosophical investigations, and I had also the inestimable good fortune to secure his friendship. His admirably clear manner of communicating a knowledge of the fundamental principles of mechanical science rendered my intercourse with him of the utmost importance to myself. A hearty, cheerful, earnest desire to toil in his service, caused him to take pleasure in instructing me by occasional explanations of what might otherwise have remained obscure.”

James Nasmyth (1808–1890) Scottish mechanical engineer and inventor

James Nasmyth in: Industrial Biography: Iron-workers and Tool-makers https://books.google.nl/books?id=ZMJLAAAAMAAJ, Ticknor and Fields, 1864. p. 337

Friendship, Happiness, Pleasure, Communication

“We have here the problem of bigness. Its lesson should by now have been burned into our memory by Brandeis. The Curse of Bigness' shows how size can become a menace – both industrial and social. It can be an industrial menace because it creates gross inequalities against existing or putative competitors. It can be a social menace – because of its control of prices. Control of prices in the steel industry is powerful leverage on our economy. For the price of steel determines the price of hundreds of other articles. Our price level determines in large measure whether we have prosperity or depression – an economy of abundance or scarcity. Size in steel should therefore be jealously watched. In final analysis, size in steel is the measure of the power of a handful of men over our economy. That power can be utilized with lightning speed. It can be benign or it can be dangerous. The philosophy of the Sherman Act is that it should not exist. For all power tends to develop into a government in itself. Power that controls the economy should be in the hands of elected representatives of the people, not in the hands of an industrial oligarchy. Industrial power should be decentralized. It should be scattered into many hands so that the fortunes of the people will not be dependent on the whim or caprice, the political prejudices, the emotional stability of a few self-appointed men. The fact that they are not vicious men but respectable and social minded is irrelevant. That is the philosophy and the command of the Sherman Act. It is founded on a theory of hostility to the concentration in private hands of power so great that only a government of the people should have it.”

William O. Douglas (1898–1980) Associate Justice of the Supreme Court of the United States

Dissenting, United States v. Columbia Steel Co., 334 U.S. 495 (1948)
Judicial opinions

Men, Hostility, People, Problem

“I believe the time is coming when this question must be laid hold of by a Government, and that Parliament will feel that it dare not treat it in future as it has treated it in the past. These great meetings, as Mr. Mill very justly said, were not meetings so much for discussion as they were meetings for demonstration of opinion, and, if you like, I will add for exhibition of force. (Cheers.) Such exhibitions, if they be despised and disregarded may become exhibitions of another kind of force…I have been insulted in past times…that I was in favour of peace at any price…I believe that however much any of us may abhor the thought that political questions in any country should ever again be settled by force, yet there is something in the constitution of our nature that when these evils are allowed to run on beyond a certain period unredressed, that the most peace-loving of men are unable to keep the peace. (Hear, hear.) And bear this in mind,—that, however much we may wish political questions to be settled by moral means, yet it is no more immoral for a people to use force in the last resort for the obtaining and the securing of freedom than it is for a Government by force to suppress and deny that freedom.”

John Bright (1811–1889) British Radical and Liberal statesman

Loud cheers, the audience rising.
Speech in Manchester (25 September 1866), quoted in The Times (26 September 1866), p. 9.
1860s

Love, Men, People, Peace

“A group from Glasgow sought in 1891 to purchase his portrait of w:Thomas Carlyle was shocked that Whistler's price was 1000 guineas. A spokesman countered that the portrait was not even life size. Whistler replied, 'But, you know, few men are life size.”

James McNeill Whistler (1834–1903) American-born, British-based artist

Tom Prideaux and Time-Life Books, The World of Whistler (1970)
posthumous published

Life, Men

“With the assistance of mathematics, I can see a property of the ninety-nine dimensional surfaces hidden from the naked eye. If an increase in the price of fertilizer alone always increases the amount the firm buys of caviar, from that fact alone I can predict the answer to the following experiment which I have never seen performed and upon which I have no observations: an increase in the price of caviar alone will increase the amount the firm buys of fertilizer. In thermodynamics such reciprocity or integrability conditions are known as Maxwell Conditions; in economics they are known as Hotelling conditions in honor of Harold Hotelling’s 1932 work.”

Paul A. Samuelson (1915–2009) American economist

Source: 1950s–1970s, Maximum Principles in Analytical Economics, 1970, p. 67

Mathematics

“Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter II, On Rent, p. 41

“The First Welfare Theorem holds only if all consumers and firms are price takers. If some individuals or firms are price makers (they have the power to affect prices), then the allocation of resources will generally be inefficient.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 3, Tools of Normative Analysis, p. 44

“My dear Sensier, - I shall be greatly obliged if after reading and sealing the enclosed letter, you will take it to Rue du Delta, No. 8. [Paris].... Jaque [common friend and painter] and I have settled to stay here [ Barbizon ] for some time, and have accordingly each of us taken rooms. The prices are excessively low compared to those in Paris; and as it is easy to get to town if necessary, and the country is superbly beautiful, we hope to work more quietly here, and perhaps do better things. In fact, we intend to spend some time here... I wish you good-bye, with many hearty embraces. Jacque sends you warm remembrances, and will answer your letter tomorrow.”

Jean-François Millet (1814–1875) French painter

Quote from Millet's first letter to fr:Alfred_Sensier, from Barbizon, 28 June 1849; as cited by Julia Cartwright in Jean Francois Millet, his Life and Letters, Swan Sonnenschein en Co, Lim. London / The Macmillian Company, New York; second edition, September 1902, p. 95
1835 - 1850

Beauty, Hope, Time, Reading

Quotes about price page 11

Quotes about price
page 11