Quotes about price
page 3

“The best things in life are beyond money; their price is agony and sweat and devotion… and the price demanded for the most precious of all things in life is life itself - ultimate cost for perfect value.”

Robert A. Heinlein book Starship Troopers

Source: Starship Troopers

Life, Money, Perfection

“Love is the expression of one's values, the greatest reward you can earn for the moral qualities you have achieved in your character and person, the emotional price paid by one man for the joy he receives from the virtues of another.”

Ayn Rand (1905–1982) Russian-American novelist and philosopher

Love, Joy, Personality

“The death of something living is the price of our own survival, and we pay it again and again. We have no choice. It is the one solemn promise every life on earth is born and bound to keep.”

Barbara Kingsolver The Poisonwood Bible

Source: The Poisonwood Bible

Life, Death

“I may be stupid, as you say, to believe in honour and friendship and loyalty without price. But these are virtues to be cherished, for without them we are no more than beasts roaming the land.”

David Gemmell (1948–2006) British author of heroic fantasy

Source: Shield of Thunder

Friendship, Stupidity, Loyalty

“Didn't books say that too: that there is always price to pay for happiness?”

Cornelia Funke Inkheart trilogy

Source: Inkdeath

Happiness, Books

“Whatever storm was brewing, I'd find it and fight it. If it was the price of being with Curran, then I would pay it. He was worth it.”

Ilona Andrews American husband-and-wife novelist duo

Source: Magic Slays

Fight

“I wasn't sure exactly how prostitutes determined price, but if men bought hookers by the pound, these two would be doing okay.”

Janet Evanovich book One for the Money

Source: One for the Money

Men

“That's what we all want, isn't it? Power without price.”

Kelley Armstrong book The Summoning

Source: The Summoning

“I think piracy is a bit like drinking. You want to stay out all night doing it, you pay the price the next day.”

Scott Lynch book Red Seas Under Red Skies

Source: Red Seas Under Red Skies

Drink, Thinking, Night

“It’s good for you to think of this, son. Ponder. Worry. Stay up nights, frightened for the casualties of your ideology. It will do you good to realize the price of fighting.”

Brandon Sanderson (1975) American fantasy writer

Source: Steelheart

Thinking, Fight, Night

“But I think this: that whatever prices I've paid, whatever sorrows I shoulder, well, I have blessings, too. Not just my family now, but the others-the ones who have died… They're with me still. They're here…”

Wally Lamb book She's Come Undone

Source: She's Come Undone

Family, Thinking

“There is no shame in loving: it is the sign of a generous heart, and pain the price of an open soul.”

Alison Croggon (1962) contemporary Australian poet, playwright and fantasy novelist

Source: The Naming

Love, Pain, Soul, Heart

“Fear comes with imagination, it’s a penalty, it’s the price of imagination.”

Thomas Harris Red Dragon

Source: Red Dragon

Fear, Penalty, Imagination

“Every victory is only the price of admission to a more difficult problem”

Henry Kissinger (1923–2023) United States Secretary of State

Problem, Victory

“‎"But that's the price we have to pay for stability. You've got to choose between happiness and what people used to call high art. We've sacrificed the high art.”

Aldous Huxley book Brave New World

Source: Brave New World

Happiness, People, Art

“The price of hating other human beings is loving oneself less.”

Eldridge Cleaver (1935–1998) American activist

"On Becoming"
1960s, Soul on Ice (1968)

Love, Hate

“Jonathan sighed. The price of being misunderstood, he thought. They call you devil or they call you god.”

Richard Bach book Jonathan Livingston Seagull

Source: Jonathan Livingston Seagull

God

“If you don't mind a word of advice, one never asks a lady to set her own price. If you have to ask, the answer will always be more than you can afford.”

Eloisa James (1962) American academic

Source: A Kiss at Midnight

“The heavy red roses smoldering in the foggy morning, blood-colored and uninhibited, made me greedy, and tempted me powerfully to steal one--I asked the prices merely so I could come as near them as possible.”

Knut Hamsun book Hunger

Source: Hunger

Color

“The entire time I'm burning in Hell, I'll regret each tear I made you weep. But if Hell were the price for twenty days with you, I'd condemn myself again and again.

- Cian MacKeltar”

Karen Marie Moning (1964) author

Source: Spell of the Highlander

Hell, Tear, Time

“I know the price of success: dedication, hard work, and an unremitting devotion to the things you want to see happen.”

Frank Lloyd Wright (1867–1959) American architect (1867-1959)

Success

“But now the joy is gone and the sadness is back, the sadness feels like something deserved, the price of some not-quite-forgotten betrayal.”

Stephen King Dreamcatcher

Source: Dreamcatcher

Sadness, Feeling, Betrayal, Joy

“I heard you asking questions of each: Who killed the pork chops? What price bananas? Are you my Angel?”

Allen Ginsberg (1926–1997) American poet

Angels, Question

“Whatever the cost of our libraries, the price is cheap compared to that of an ignorant nation.”

Walter Cronkite (1916–2009) American broadcast journalist

“Enemies,' the wizard said, 'are the price of honour.”

Terry Goodkind book Debt of Bones

Source: Debt of Bones

“I understood finally that the thing I
should have feared most was not loss, but
never loving. The price for safety was the regret
I felt at this moment. And yet I would
have to live with it for the rest of my life”

Lisa Kleypas (1964) American writer

Source: Smooth Talking Stranger

Love, Life, Fear, Loss

“Never waste valuable time, or mental peace of mind, on the affairs of others—that is too high a price to pay.”

Robert Greene book The 48 Laws of Power

Source: The 48 Laws of Power

Peace, Time, Peaceful

“If you don't believe there's a price for this sweet paradise, just remind me to show you the scars.”

Bob Dylan (1941) American singer-songwriter, musician, author, and artist

“So the fact that I’m me and no one else is one of my greatest assets. Emotional hurt is the price a person has to pay in order to be independent.”

Haruki Murakami book What I Talk About When I Talk About Running

Variant: The fact that I’m me and no one else is one of my greatest assets. Emotional hurt is the price a person has to pay in order to be independent.
Source: What I Talk About When I Talk About Running

Hurt, Personality, Hurtful

“Every woman I had ever met who walked through the world appraised and classified by an extraordinary physicality had also received the keys to an unbearable solitude. It was the coefficient of their beauty, the price they had to pay.”

Pat Conroy book The Prince of Tides

Source: The Prince of Tides

World, Beauty, Solitude

“Your personality - the real you inside - was the price of beauty.”

Scott Westerfeld book Uglies

Source: Uglies

Beauty, Personality

“I know how people are, with their habits of mind. Most will sail through from cradle to grave with a conscience clean as snow… I know people. Most have no earthly notion of the price of a snow-white conscience.”

Barbara Kingsolver The Poisonwood Bible

Source: The Poisonwood Bible

People

“Age is a very high price to pay for maturity.”

William James (1842–1910) American philosopher, psychologist, and pragmatist

Age

“The fact that the price must be paid is proof it is worth paying.”

Robert Jordan book The Eye of the World

al'Lan Mandragoran
(15 January 1990)
Source: The Eye of the World

“This isn't going to be pretty. Rules will be broken. Friendships will be tested. And huge risks will be taken. But they're small prices to pay for true love and freedom, right?”

Lisi Harrison Monster High

Source: Monster High

Love, Friendship, Freedom

“The worth of things can't be measured by what they cost but by what the cost you to get it, that if anything costs you your faith or your family, then the price is too high, and that there are some things that will never wear out.”

Bob Dylan book Chronicles: Volume One

Source: Chronicles: Volume One

Family, Faith

“the price of creation
is never
too high.

the price of living
with other people
always
is.”

Charles Bukowski (1920–1994) American writer

Source: You Get So Alone at Times That it Just Makes Sense

People

“Don't judge your taco by its price”

Hunter S. Thompson (1937–2005) American journalist and author

“Everything has a price.”

Anne Bishop (1955) American fiction writer

“At the Feast of Fortune, she'll awaken, and the demigods will be cut down like-- like---"
"Like our low prices at Bargain Mart!" Stheno suggested.”

Rick Riordan book The Son of Neptune

Source: The Son of Neptune

“If you really want to know something, you have to be willing to pay the price.”

Haruki Murakami book After Dark

Source: After Dark

“Age is a hell of a price to pay for wisdom”

George Carlin (1937–2008) American stand-up comedian

Wisdom, Age, Hell

“You can’t buy it, but it has a price,” said Oryx. “Everything has a price.”

Margaret Atwood book Oryx and Crake

Source: Oryx and Crake

“One learns one’s mystery at the price of one’s innocence.”

Robertson Davies (1913–1995) Canadian journalist, playwright, professor, critic, and novelist

Learning

“Barbarian that I am, I had eaten all of it. It had tasted quite nice too. Still, I took note of this fact and resigned myself to throw away half of a perfectly good cheese if it was set in front of me. Such is the price of civilization.”

Patrick Rothfuss book The Wise Man's Fear

Source: The Wise Man's Fear

“Everything in life has its price.”

Paulo Coelho book The Alchemist

Source: The Alchemist

Life

“You must want to enough. Enough to take all the rejections, enough to pay the price of disappointment and discouragement while you are learning. Like any other artist you must learn your craft—then you can add all the genius you like.”

Phyllis A. Whitney (1903–2008) American writer

Disappointment, Learning

“If you have the guts to be yourself, other people'll pay your price.”

John Updike book Rabbit, Run

Source: Rabbit, Run

“What is morality, she asked.
Judgement to distinguish right and wrong, vision to see the truth, and courage to act upon it, dedication to that which is good, integrity to stand by the good at any price.”

Ayn Rand book Atlas Shrugged

Source: Atlas Shrugged

Truth, Courage

“Amy felt her phone vibrate. She held it up. It was from Ian.

DON'T ASK THE PRICE OF ANYTHING. DON'T SMILE. DON'T SAY "DO YOU HAVE ANYTHING CHEAPER?" DON'T

Amy shoved the phone back in her pocket. "Just pretend to be Ian," she told Dan.”

Jude Watson book A King's Ransom

Source: A King's Ransom

Smile

“Some prices are just too high, no matter how much you may want the prize. The one thing you can't trade for your heart's desire is your heart.”

Lois McMaster Bujold book Memory

Source: Vorkosigan Saga, Memory (1996)

Heart

“An attempt to achieve the good by force is like an attempt to provide a man with a picture gallery at the price of cutting out his eyes.”

Ayn Rand book Capitalism: The Unknown Ideal

Capitalism: The Unknown Ideal (1966)

“Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

2008 Chairman's Letter http://www.berkshirehathaway.com/letters/2008ltr.pdf Letters to Shareholders (1957 - 2012) Variant: Price is what you pay. Value is what you get.

“Nothing comes without a price.”

Juliet Marillier book Wildwood Dancing

Source: Wildwood Dancing

“I was only kidding about the hundred," she says.

oh," I say, "what will it cost me?"

she lights her cigarette with
my lighter and looks at me
through the flame:

her eyes tell me.

look," I say, "I don't think I
can ever pay that price again.”

Charles Bukowski book Love Is a Dog from Hell

Source: Love Is a Dog from Hell

Thinking, Light

“There are girls who do not like real life… Some of these girls are innocent enough to think that these unreal friendships [with homosexuals] will lead to true love — a kind of sexual intercourse that will happen to them without their having to take too horribly much notice. Even those who are sufficiently sophisticated to know that this will not be so persist in these relationships. They provide an opportunity to lavish emotion on a pseudo-man without paying the price that in heterosexual circumstances would be inevitable.”

Quentin Crisp book The Naked Civil Servant

Source: The Naked Civil Servant (1968), Ch. 19

Love, Life, Friendship, Girl

“To estimate the value of Newton's discoveries, or the delight communicated by Shakespeare and Milton, by the price at which their works have sold, would be but a poor measure of the degree in which they have elevated and enchanted their country; nor would it be less grovelling and incongruous to estimate the benefit which the country has derived from the Revolution of 1688, by the pay of the soldiers, and all other payments concerned in effecting it.”

Thomas Robert Malthus Principles of Political Economy

Book I, Chapter I, Of The Definitions of Wealth and of Productive Labour, Section II, p. 49
Principles of Political Economy (Second Edition 1836)

Communication, Country

“In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics.”

George Stigler (1911–1991) American economist

"George J. Stigler - Biographical," 1982

“Liberty is more precious than money or office; and we should be vigilant lest we purchase wealth or place at the price of inner freedom.”

John Lancaster Spalding (1840–1916) Catholic bishop

Source: Aphorisms and Reflections (1901), p. 77

Money, Freedom, Wealth

“There is no price set on the lavish summer,
And June may be had by the poorest comer.”

James Russell Lowell (1819–1891) American poet, critic, editor, and diplomat

Prelude to Pt. I, st. 3
The Vision of Sir Launfal (1848)

Summer

“Because prices move inexorably towards the free, the best move in the network economy is to anticipate this cheapness.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

“All items that can be copied, both tangible and intangible, adhere to the law of inverted pricing and become cheaper as they improve.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

Law

“Suppose a clothing manufacturer learns of a machine that will make men’s and women's overcoats for half as much labor as previously. He installs the machines and drops half his labor force.This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it.So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to "pay for itself."After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment.”

Henry Hazlitt book Economics in One Lesson

Economics in One Lesson (1946), The Curse of Machinery (ch. 7)

Women, Men, Money, Hope

“Of all those expensive and uncertain projects, however, which bring bankruptcy upon the greater part of the people who engage in in them, there is none perhaps more perfectly ruinous than the search after new silver and gold mines. It is perhaps the most disadvantageous lottery in the world, or the one in which the gain of those who draw the prizes bears the least proportion to the loss of those who draw the blanks: for though the prizes are few and the blanks are many, the common price of a ticket is the whole fortune of a very rich man.”

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

Source: (1776), Book IV, Chapter VII, Part First, p. 610.

People, World, Search, Loss

“Apprentices and servants are characters perfectly distinct: the one receives instruction, the other a stipulated price for his labour.”

Lloyd Kenyon, 1st Baron Kenyon (1732–1802) British Baron

The King v. Inhabitants of St. Paul's, Bedford (1797), 6 T. R. 454.

“As well you try to understand the sun, Perrin. It simply is, and it is not to be understood. You cannot live without it, but it exacts a price. So with women.”

Robert Jordan (1948–2007) American writer

Gaul
(15 September 1992)

Women, Understanding, Sun

“In the phrase "quality control" the word quality does not have the popular meaning of "best" in any absolute sense. It means "best for certain customer conditions." These conditions are (a) the actual use and (b) the selling price of the product. Product quality cannot be thought of apart from product cost.”

Armand V. Feigenbaum (1922–2014) American businessman

Source: Quality Control: Principles, Practice, and Administration. 1951, p. 1

Sense

“The horrors of [Vivisection] have supplanted the solemnity, the thrilling fascination, of the old unetherized operation upon the human sufferer. Their recorded phenomena, stored away by the physiological inquisitor on dusty shelves, are mostly of as little present use to man as the knowledge of a new comet or of a tungstate of zirconium: perhaps to be confuted the next year, perhaps to remain as fixed truth of immediate value, — contemptibly small compared with the price paid for it in agony and torture.”

Henry Jacob Bigelow (1818–1890) American surgeon

Source: Surgical Anaesthesia (1894), p. 309

Truth, Knowledge, Suffering

“A sinless God, for sinful men,
Descends to suffer and to bleed;
Hell must renounce its empire then;
The price is paid, the world is freed,
And Satan's self must now confess,
That Christ has earned a Right to bless”

Anne Brontë book Poems by Currer, Ellis, and Acton Bell

Poems by Currer, Ellis, and Acton Bell (1846), Music on Christmas Morning

Men, God, World, Hell

“If you want to save yourself the ticket price, go into the kitchen, cue up a male choir singing the music of hell, and get a kid to start banging pots and pans together. Then close your eyes and use your imagination… The movie has been signed by Michael Bay. This is the same man who directed The Rock in 1996. Now he has made Transformers: Revenge of the Fallen. Faust made a better deal.”

Roger Ebert (1942–2013) American film critic, author, journalist, and TV presenter

Review http://www.rogerebert.com/reviews/transformers-revenge-of-the-fallen-2009 of Transformers: Revenge of the Fallen (23 June 2009) Reviews, One-star reviews

Music, Imagination, Hell, Revenge

“[E]ven if we disagree about the Iraq invasion in 2003 and the consequent moves made by Bush 43 Administration, the decision of Obama Administration to retreat, especially announcing it, this is the worst you can do. At noon, at that day, that month, we are out. By sending the signal to the radical Islamists, to the forces that were about just to recover and prepare again for attacks against the free world, that was a recipe for disaster. It created a vacuum. It’s not a surprise that we live in a world today that is a much more dangerous place than in 2008. It helped Vladimir Putin to regain his confidence and because after his attack against the Republic of Georgia in 2008 in August, he was basically rewarded by Obama/Clinton “reset” policy instead of paying a price for taking territory of neighboring country.”

Garry Kasparov (1963) former chess world champion

2010s, Interview with Bill Kristol (2016)

World, Confidence, Decision, Help

“The Nazi agitator whom, many years ago, I heard proclaim to a wildly cheering peasants’ meeting: ‘We don’t want lower bread prices, we don’t want higher bread prices, we don’t want unchanged bread prices—we want National-Socialist bread prices,’ came nearer explaining fascism than anybody I have heard since.”

Peter F. Drucker (1909–2005) American business consultant

Source: 1930s- 1950s, The End of Economic Man (1939), pp. 13-14

“Despite his friendship with Adam Smith, he believed in government intervention in agriculture, as it was too important to be left to market forces and chance: ‘The husbandman maintains the nation in all its ease, its affluence and its splendour,’ he wrote. But farmers too had a responsibility for the public good. Rotation of crops, ensuring equal acreages of different crops at any given time, would help keep prices stable.”

Stephen Baxter (1957) author

Source: Ages in Chaos (2003), Chapter 10, “Assemblies of good fellows” (p. 95)

Friendship, Chance, Time, Help

“Many individuals in government don't seem to understand the laws of economics. Most of them — aside from those in Congress — seem to be concentrated in the area of 'drug enforcement'. They often brag at news conferences that their interception of drugs between producer and consumer has raised the 'street value' of the drugs, meaning that the drugs are now scarcer than they were. What these statists stubbornly refuse to acknowledge is that this only increases the market incentive to cash in on those higher prices by making up for the artificial scarcity.”

L. Neil Smith (1946) American writer

"Some Random Thoughts About the War On Drugs".

Law, Understanding

“Artsakh cannot be a part of Azerbaijan…if like in 1997 they want to become a friend of Azerbaijan on the price of Nagorno-Karabakh, I do not agree with that. In that case, what answer can we give to the families of victims of the Karabakh movement and to those who have become disabled. Why did their sons fight? And about Turkey, we cannot leave the word genocide out of our vocabulary and forget about the 1.5 million victims.”

Mikael Harutyunyan (1946) Armenian general

Quoted in "MINISTER: ARTSAKH CANNOT BE PART OF AZERBAIJAN" Panorama.am - [February 15, 2008]

Family, Fight, Parting, Forgetting

“The tendency was to sell families as units, if for no other reason [than] to keep the slaves contented. The gangs in transit were usually a cheerful lot, though the presence of a number of the more vicious type sometimes made it necessary for them all to go in chains. At the other extreme, when the Central of Georgia railroad company in 1858 equipped a Negro sleeping car to assist in the slave trade it set a standard not always maintained in a later generation. When on the block, the slave was as likely to hinder as to help in his sale. Some, out of a vain conceit in bringing a high price, would boast of their physical prowess, in which case an unwary purchaser would likely be cheated. Others would malinger, because of a grudge against owners or traders or in order to bring a low price and be put at less tiring labor. Dealers, also, adopted the tricks of horse traders to make their merchants more attractive -- the greasiest Negro was generally considered the healthiest.”

W. Cleon Skousen (1913–2006) ex FBI agent, conservative United States author and faith-based political theorist

The Making of America (1986)

Family, Cars, Sleep, Help

“That frivolous young widow ought to have paid for the solace she declared so often she found in books. "I must read to forget." All very well, but she should not forget to pay for the means of forgetfulness. The waters of Lethe may be waters bought without money and without price, but my books ought to be paid for in cash.”

William Darling (politician) (1885–1962) Scottish politician

Source: The Bankrupt Bookseller (1947), p. 178

Money, Books, Water, Reading

“Honor is like the eye, which cannot suffer the least impurity without damage. It is a precious stone, the price of which is lessened by a single flaw.”

Jacques-Bénigne Bossuet (1627–1704) French bishop and theologian

Quoted in "The Forbes Book of Business Quotations" (1997) by Edward C. Goodman, Ted Goodman , p. 411

Suffering

“The price, then, that the professional study of ethics for bureaucrats exacts from the curriculum is that questions of political philosophy ("Is the regime just?") must yield to less fundamental questions such as "How can I promote the values of the regime?" The method of regime values eschews metaphysics and addresses the students in the existential situation in which it finds them—persons who have taken or are about to take an oath to uphold the values of a particular regime. It admonishes them that taking such an oath presupposes an acceptance of the fundamental justice of the regime but does not require into how the students arrived at the conclusion that the regime is just.”

John Rohr (1934–2011) American political scientist

(1989, p. 70-71)
Ethics for bureaucrats, 1988

Justice, Question, Study, Personality

“Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 35

Chance

“Lavoisier was right in the deepest, almost holy, way. His passion harnessed feeling to the service of reason; another kind of passion was the price. Reason cannot save us and can even persecute us in the wrong hands; but we have no hope of salvation without reason. The world is too complex, too intransigent; we cannot bend it to our simple will.”

Stephen Jay Gould (1941–2002) American evolutionary biologist

"The Passion of Antoine Lavoisier", p. 366
Bully for Brontosaurus (1991)

World, Hope, Way, Feeling

“Nowhere have REH’s epistemological flaws and empirical disappointments been more apparent than in efforts to model financial market outcomes, which are largely driven by participants’ expectations. Beginning with Robert Shiller’s (1981) pathbreaking paper, research has shown that REH models are unable to explain the basic features of fluctuations and risk in stock markets. Likewise, in their magisterial work on the current state of international macroeconomics, Maurice Obstfeld and Kenneth Rogoff (1996: 625) concluded that “the undeniable difficulties that international economists encounter in empirically explaining nominal exchangerate movements are an embarrassment, but one shared with virtually any other field that attempts to explain asset price data.” The failures of REH explanations of aggregate outcomes gave rise to alternative approaches, most notably behavioral finance models. However, sober assessments even by the likes of Obstfeld and Rogoff did not dispel the faith of most economists that REH models would one day be able to explain financial market outcomes and macroeconomic performance.”

Roman Frydman (1948) American economist

"Which Way Forward for Macroeconomics and Policy Analysis?" 2013

Faith, Disappointment, Behavior, Failure

“Understand and accept that you will have to make sacrifices to achieve your goal. If you are willing to pay the price, however high, you may be surprised what you get in exchange. Pay the price.”

Danny Yamashiro (1967) American radio evangelist

From Discover the Champion in You, pages 7

Understanding

“Nothing is without cost. There is a price to all power, and it is not always obvious.”

Tad Williams (1957) novelist

Source: Memory, Sorrow, and Thorn, The Dragonbone Chair (1988), Chapter 10, “King Hemlock” (p. 142).

“As a young man, I was more a white liberal than I ever tried to put on black. For all that, I ended up a “minority,” the beneficiary of affirmative action programs to redress black exclusion. And, harder to say, my brown advantage became a kind of embarrassment. For I never had an adversarial relationship to American culture. I was never at war with the tongue. Brown was no longer invisible by the time I got to college. In the white appraisal, brown skin became a coat of disadvantage, which was my advantage. Acknowledgment came at a price, then as now. (Three decades later, the price of being a published brown author is that one cannot be shelved near those one has loved. The price is segregation.) I remain at best ambivalent about those Hispanic anthologies where I end up; about those anthologies where I end up the Hispanic; about shelves at the bookstore where I look for myself and find myself. The fact that my books are published at all is the result of the slaphappy strategy of the northern black Civil Rights movement.”

Richard Rodríguez (1944) American journalist and essayist

Brown : The Last Discovery of America (2003)

Love, War, Books, Time

“As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e. g., tungsten ore, fish, seaweed) or low-technology, low-price products (e. g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.”

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. 3, More trade, fewer ideologies, p. 82

Fish

“The increasing discussion of the importance of inflexible prices in the. American economy has been somewhat stimulated by previous articles by the present writer. In one of these, material was presented on inflexible administered prices and their importance for monetary policy.”

Gardiner C. Means (1896–1988) American economist

Gardiner C. Means, "Notes on inflexible prices." The American Economic Review (1936): 23-35.

“If financial markets aren't efficient, then what are they? According to the 'fractal market hypothesis', they are highly unstable dynamic systems that generate stock prices which appear random, but behind which lie deterministic patterns.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 11, Finance And Economic Breakdown, p. 243

Lie, Appearance

“During the lengthy process of production the business world is incurring outgoings in terms of money-paying out in money for wages and other expenses of production-in the expectation of recouping this outlay by disposing of the product for money at a later date. That is to say, the business world as a whole must always be in a position where it stands to gain by a rise of price and to lose by a fall of price. Whether it likes it or not, the technique of production under a regime of money-contract forces the business world always to carry a big speculative position; and if it is reluctant to carry this position, the productive process must be slackened.”

John Maynard Keynes book Essays in Persuasion

Essays in Persuasion (1931), Social Consequences of Changes in The Value of Money (1923)

Money, World, Business

“When the economy is in a depression, scarcity ceases to rule. Productive resources sit idle, so that it is possible to have more of some things without having less of others; free lunches are all around. As a result, all the usual rules of economics are stood on their head; we enter a looking-glass world in which virtue is vice and prudence is folly. Thrift hurts our future prospects; sound money makes us poorer. Moreover, that's the kind of world we have been living in for the past several years, which means that it is a kind of world that students should understand. […] Depression economics is marked by paradoxes, in which seemingly virtuous actions have perverse, harmful effects. Two paradoxes in particular stand out: the paradox of thrift, in which the attempt to save more actually leads to the nation as a whole saving less, and the less-well-known paradox of flexibility, in which the willingness of workers to protect their jobs by accepting lower wages actually reduces total employment. […] In times of depression, the rules are different. Conventionally sound policy – balanced budgets, a firm commitment to price stability – helps to keep the economy depressed. Once again, this is not normal. Most of the time we are not in a depression. But sometimes we are – and 2013, when this chapter was written, was one of those times.”

Paul Krugman (1953) American economist

“Depressions are Different”, in Robert M. Solow, ed. Economics for the Curious: Inside the Minds of 12 Nobel Laureates. 2014.

Money, World, Understanding, Time

“How can it be "mutually beneficial" to sell at world market prices the raw materials that cost the underdeveloped countries immeasurable sweat and suffering, and to buy at world market prices the machinery produced in today's big automated factories?”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Afro-Asian Conference (1965)

World, Suffering, Country

“Donald Trump's political rivals look at the price exacted by a Muslim like Syed Farouk and his bride in the aggregate. To a politician, 14 lives in 322 million is a small price to pay for 'our freedoms.' Fourteen dead in San Bernardino is not a steep price to pay for unfettered immigration from Islamic countries, peddled politically as 'our values,' 'our tolerance,' 'our greatness.' This callous calculus is second nature to neoconservative politicians like Lindsey Graham or Darth Vader Cheney. Not to Trump.”

Ilana Mercer South African writer

"No Wonder the Pols Think Businessman Trump’s Crazy; He Understands Scarcity," http://www.unz.com/imercer/no-wonder-the-pols-think-businessman-trumps-crazy-he-understands-scarcity/ The Unz Review, December 11, 2015. 2010s, 2015

Nature, Freedom, Dead, Country

“In the kingdom of ends everything has either a price or a dignity. What has a price can be replaced by something else as its equivalent; what on the other hand is raised above all price and therefore admits of no equivalent has a dignity.”

Immanuel Kant (1724–1804) German philosopher

Im Reiche der Zwecke hat alles entweder einen Preis oder eine Würde. Was einen Preis hat, an dessen Stelle kann auch etwas anderes als Äquivalent gesetzt werden; was dagegen über allen Preis erhaben ist, mithin kein Äquivalent verstattet, das hat eine Würde.
434:32, M. Gregor, trans. (Cambridge: 1998), p. 42
Groundwork of the Metaphysics of Morals (1785)

“I joined the Corps not because I couldn't make it elsewhere or because I needed money to go to school. No signing bonus was going to turn me into a soldier. I became a Marine because I wanted to be among the best, just as I applied to Columbia because I wanted to be among the brightest. I knew both required a high price.”

Matt Sanchez (1970) writer, journalist

[Patterson, Robert, War Crimes, Three Rivers Press, February 26, 2008, 39, 0307338274]

Money, School

“Q: Does the creation of Design admit constraint?
Design depends largely on constraints.
Q: What constraints?
The sum of all constraints. Here is one of the few effective keys to the Design problem: the ability of the Designer to recognize as many of the constraints as possible; his willingness and enthusiasm for working within these constraints. Constraints of price, of size, of strength, of balance, of surface, of time, and so forth. Each problem has its own peculiar list.”

Charles Eames (1907–1978) American designer, half of duo the Eames

Another part of the interview: Also cited at: Mark Wunsch. "[http://markwunsch.com/blog/2008/09/27/design-q-a-with-charles-eames.html A software engineer and technologist: Design Q&A with Charles Eames". at markwunsch.com/blog, 2008/09/27
Design Q & A with Charles Eames, 1972

Problem, Time, Dependency

“The right path to health-care reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make health care run the same way as the post office. Obama seems to favor the latter path, even though he admits that it is the least well-performing one. This is surely the definition of fanaticism. If the mobs aren't angry, they should be.”

Lew Rockwell (1944) American libertarian author and editor

13 August 2009, "Obama and the Post Office" http://www.lewrockwell.com/rockwell/obama-postoffice126.html 2000s

Health, Way, Universe

“If free market prices don't give people what they morally deserve, should we try to regulate factor prices so that they do track producers' moral deserts? Hayek offered two compelling arguments against this proposal. First, if you fix prices on a backward-looking standard, they will no longer be able to perform their informational function. Producers will produce for what was demanded last quarter, even if it isn't demanded today. This creates enormous waste and generates huge opportunity costs. We'd be much poorer in an economy that worked like this. […] Hayek was right. It might sound like a compelling idea, to make sure that people receive the income they morally deserve. But orienting the economy around this goal, assuming it is achievable at all (and there are principled doubts about that), would doom us to poverty and serfdom. It would abolish capitalism, along with its chief virtues. It isn't worth the draconian costs.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

People, Idea