Quotes about price
page 5

“Allow me to dispel a myth. People in the Middle East do not hate us for our freedom. They do not hate us for our lifestyle. They hate us because we have spent many years attempting to force them to emulate our lifestyle. The US government overthrew the democratically elected leader of Iran and replaced him with the Shah. The US government gave weapons, intelligence and money to Saddam Hussein. The US government also helped Libyan Col. Qaddafi come to power, propped up the Saudi monarchy and the Egyptian regime, and gave assistance to Osama bin Laden. Most Americans have forgotten these events. But the people of the Middle East will always remember. It was because of American troops in Saudi Arabia, lethal sanctions on Iraq, support for states in serious violation of International Law, and siding with Israel in its dispute with the Palestinians that terrorist leaders were able to recruit those individuals who caused 3,000 Americans to pay the ultimate price on September 11, 2001.”

Michael Badnarik (1954) American software engineer

July 2004[citation needed]

Money, Hate, People, Law

“If you want to put a price on carbon, why not just do it with a simple tax?”

Tony Abbott (1957) Australian politician

Originally stated in an interview with Sky News and Subsequently quoted in " http://www.smh.com.au/environment/climate-change/abbott-dogged-by-old-carbon-comment-20110606-1fprb.html#ixzz47O9mBz9O on smh.com.au, July 15, 2009 2009

“Muhammad Kasim marched from Dhalila, and encamped on the banks of the stream of the Jalwali to the east of Brahmanabad. He sent some confidential messengers to Brahmanabad to invite its people to submission and to the Muhammadan faith, to preach to them Islam, to demand the Jizya, or poll-tax, and also to inform them that if they would not submit, they must prepare to fight…
They sent their messengers, and craved for themselves and their families exemption from death and captivity. Muhammad Kasim granted them protection on their faithful promises, but put the soldiers to death, and took all their followers and dependents prisoners. All the captives, up to about thirty years of age, who were able to work, he made slaves, and put a price upon them…
When the plunder and the prisoners of war were brought before Kasim, and enquiries were made about every captive, it was found that Ladi, the wife of Dahir, was in the fort with two daughters of his by his other wives. Veils were put on their faces, and they were delivered to a servant to keep them apart. One-fifth of all the prisoners were chosen and set aside; they were counted as amounting to twenty thousand in number, and the rest were given to the soldiers. Protection was given to the artificers, the merchants, and the common people, and those who had been seized from those classes were all liberated. But he (Kasim) sat on the seat of cruelty, and put all those who had fought to the sword. It is said that about six thousand fighting men were slain, but, according to some, sixteen thousand were killed, and the rest were pardoned.”

Muhammad bin Qasim (695–715) Umayyad general

Source: The Chach Nama, in: Elliot and Dowson, History of India as told by its own Historians, Volume I, p. 176-181. ( also quoted in Bostom, A. G. M. D., & Bostom, A. G. (2010). The Legacy of Jihad: Islamic Holy War and the Fate of Non-Muslims. Amherst: Prometheus.) note: Quotes from The Chach Nama

Death, Men, War, People

“So breaks the sun earth's rugged chains,
Wherein rude winter bound her veins;
So grows both stream and source of price,
That lately fettered were with ice.
So naked trees get crispèd heads,
And coloured coats the roughest meads,
And all get vigour, youth and spright,
That are but looked on by his light.”

Ben Jonson (1572–1637) English writer

The Irish Masque at Court (1613)

Youth, Tree, Light, Winter

“The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-1, 1929-33, and 1937-8. No other 20 year period in American history contains as many as three such severe contractions.
This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System… and that the severity of each of the major contractions — 1920-1, 1929-33 and 1937-8 is directly attributable to acts of commission and omission by the Reserve authorities…
Any system which gives so much power and so much discretion to a few men, [so] that mistakes — excusable or not — can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic — this is the key political argument against an independent central bank…
To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.”

Milton Friedman (1912–2006) American economist, statistician, and writer

As quoted in The Money Masters (1995)

Men, Money, War, World

“I am most astonished by what has been written about the [painting] 'Alexander', which is so well done that I must suppose there are not many lovers of art [amatori] at Messina. I am also surprised that Your Lordship [Don Antonio Ruffo] should complain as much about the price as about the canvas, but if Your Lordship wishes to return it as he did the sketch [schizzo] of Homer, I will do another Alexander... If Your Lordship likes the Alexander as is, very well. If he does not want to keep it, six hundred florins remain outstanding. And for the Homer [painting] five hundred florins plus the expenses of canvas, it being understood that everything is at Your Lordship's expense. Having agreed to it, would he kindly send me his desired measurements. Awaiting the response to settle the matter.”

Rembrandt van Rijn (1606–1669) Dutch 17th century painter and etcher

Quote of Rembrandt's letter, Nov/Dec. 1662, to buyer Don Antonio Ruffo from Messina, Sicily (location: RD, 1662/12, 509); as quoted in Rembrandt's Eyes, Simon Schama, Alfred A. Knopf, Borzoi Books, NEW YORK 1999, p. 591, & notes 32-36 Rembrant's reaction after complaints of Don Antonio Ruffo, dispatched through the Dutch consul in Messina, Jan van den Broeck, who was on his way to Amsterdam. Once there he was to inform Isaac Just (presumably the intermediary between Rembrandt and the Messina patrician), of the intense dissatisfaction at the work, which Don Ruffo had received. 'The Alexander', he complained, being unacceptably stitched together from four separate pieces, showed seams which were 'too horrible for words.'..g with so many defects.. (Don Ruffo already bought Rembrandt's painting Aristotle with a Bust of Homer c. 1655 and still existing: https://commons.wikimedia.org/wiki/File:Rembrandt_-_Aristotle_with_a_Bust_of_Homer_-_WGA19232.jpg, but 'The Alexander' of Rembrandt is lost). 1640 - 1670

Art, Lovers, Painting

“It seems well past time to reconsider our sweeping UPL [Unauthorized Practice of Law] prohibitions. The fact is nonlawyers already perform — and have long performed — many kinds of work traditionally and simultaneously performed by lawyers. Nonlawyers prepare tax returns and give tax advice. They regularly negotiate with and argue cases before the Internal Revenue Service. They prepare patent applications and otherwise advocate on behalf of inventors before the Patent & Trademark Office. And it is entirely unclear why exceptions should exist to help these sort of niche (and some might say, financially capable) populations but not be expanded in ways more consciously aimed at serving larger numbers of lower- and middle-class clients.... Consistent with the law of supply and demand, increasing the supply of legal services can be expected to lower prices, drive efficiency, and improve consumer satisfaction.”

Neil Gorsuch (1967) Associate Justice of the Supreme Court of the United States

"Access to Affordable Justice: A challenge to the bench, bar, and academy" https://law.duke.edu/sites/default/files/centers/judicialstudies/judicature/judicature_100-3_gorsuch.pdf Judicature ("The Scholarly Journal for Judges"), Autumn 2016, Volume 100, Issue Number 3, page 49.

Law, Way, Time, Past

“The role of expectations is not limited to monetary policy but is crucial in many areas of economics, as Bob showed in his later research on investment, unemployment, taxation, public debt management, and asset pricing. In all of these situations, the appropriate evaluation of policy takes account of the way that expectations would be rationally formed.”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. 29

Way

“Reason always stands in need of being purified by faith: this also holds true for political reason, which must not consider itself omnipotent. For its part, religion always needs to be purified by reason in order to show its authentically human face. Any breach in this dialogue comes only at an enormous price to human development.”

Pope Benedict XVI (1927) 265th Pope of the Catholic Church

2009, Cartias in Vertitate (29 June 2009)

Faith, Religion, Parting

“It is time for us to put an end to our fear for which we paid a very heavy price, to face all the lies of the Syrian security regime.”

Gebran Tueni (1957–2005) journalist

Dec. 1, 2005, editorial in An-Nahar.
Attributed

Fear, Time

“Forgoing privacy in a quest for absolute safety is as harmful to a healthy psyche and life of an individual as it is to a healthy political culture. For the individual, safety first means a life of paralysis and fear, never entering a car or airplane, never engaging in an activity that entails risk, never weighing quality of life over quantity, and paying any price to avoid danger. […] A population, a country that venerates physical safety above all other values will ultimately give up it’s liberty and sanction any power seized by authority in exchange for the promise, no matter how illusory, of total security. However, absolute safety is itself chimeric, pursued but never obtained. The pursuit degrades those who engage in it as well as any nation that comes to be defined by it.”

Glenn Greenwald book No Place to Hide

Penguin Books 2015 edition, page 208.
No Place to Hide (2014)

Life, Fear, Cars, Country

“You really do have to wonder whether a few years from now we’ll look back at the first decade of the 21st century—when food prices spiked, energy prices soared, world population surged, tornados plowed through cities, floods and droughts set records, populations were displaced and governments were threatened by the confluence of it all—and ask ourselves: What were we thinking? How did we not panic when the evidence was so obvious that we’d crossed some growth/climate/natural resource/population redlines all at once?”

Thomas Friedman (1953) American journalist and author

The Earth Is Full, New York Times, June 7, 2011, June 26, 2011 http://www.nytimes.com/2011/06/08/opinion/08friedman.html?_r=3&ref=opinion,

World, Food, Nature, Thinking

“There will be only one standard, the standard of survival at all cost, and it will be up to you to say at what price survival. Hold your head high, and if you are going to go down, go down knowing you have not in any way compromised your soul.
Pulling him by the arm, Babushka said “That’s enough. Tania, you do whatever you have to do to survive, and damn your soul.””

Paullina Simons book The Bronze Horseman

The Bronze Horseman (2001)

Way, Soul

“Those who are fleeing war and violence are entitled to protection and shelter. […] We want to govern, but not at any price. We want to create change. And to always continue seeing the people behind the policy.”

Jesse Klaver (1986) Dutch politician and trade union leader

a statement on Facebook after the fall of coalition talks, quoted by Deutsche Welle http://www.dw.com/en/netherlands-coalition-government-negotiations-fail-again/a-39228806

War, People, Change

“When the barbarians are at the gates, interest rates rise and bond prices fall precipitously.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 1, No Guts, No Glory, p. 13.

“The Value or WORTH of a man, is as of all other things, his Price; that is to say, so much as would be given for the use of his Power…”

Thomas Hobbes book Leviathan

The First Part, Chapter 10, p. 42
Leviathan (1651)

“A temporary evolution of ignorance, a period when our insistence on looking in certain directions leaves us unable to see what is right under our noses, may be the price of progress, an inevitable part of what happens when we try to make sense of the world's complexity.”

Paul Krugman (1953) American economist

Development, Geography, and Economic Theory (1995), Ch. 3. Models and Metaphors

World, Sense, Parting

“Error is the price we pay for progress.”

Alfred North Whitehead (1861–1947) English mathematician and philosopher

1920s, Process and Reality: An Essay in Cosmology (1929)

Error

“No more important development has taken place in the last year than the beginning of a restoration of agriculture to a prosperous condition. We must permit no division of classes in this country, with one occupation striving to secure advantage over another. Each must proceed under open opportunities and with a fair prospect of economic equality. The Government can not successfully insure prosperity or fix prices by legislative fiat. Every business has its risk and its times of depression. It is well known that in the long run there will be a more even prosperity and a more satisfactory range of prices under the natural working out of economic laws than when the Government undertakes the artificial support of markets and industries. Still we can so order our affairs, so protect our own people from foreign competition, so arrange our national finances, so administer our monetary system, so provide for the extension of credits, so improve methods of distribution, as to provide a better working machinery for the transaction of the business of the Nation with the least possible friction and loss. The Government has been constantly increasing its efforts in these directions for the relief and permanent establishment of agriculture on a sound and equal basis with other business.”

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)

People, Law, Business, Support

“Which comes first — price being set by the intersection of supply and demand, or individual firms equating marginal cost to price?”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 4, Size Does Matter, p. 101

“True love makes the thought of death frequent, easy, without terrors; it merely becomes the standard of comparison, the price one would pay for many things.”

Stendhal (1783–1842) French writer

Fragments, sec. 46
De L'Amour (On Love) (1822)

Love, Death

“What theory can we use to get us out of the impending slump quickly and reliably? To use the 'new classical' theory of fluctuations begun at Chicago in the 1970s – the theory in which the "risk management" models are embedded – is unthinkable, since it is precisely the theory falsified by the asset price collapse. The thoughts of some have turned to John Maynard Keynes. His insights into uncertainty and speculation were deep. Yet his employment theory was problematic and the 'Keynesian' policy solutions are questionable at best…. At the end of his life Keynes wrote of 'modernist stuff, gone wrong and turned sour and silly'. He told his friend Friedrich Hayek he intended to re-examine his theory in his next book. He would have moved on. The admiration we all have for Keynes's fabulous contributions should not sway us from moving on.”

Edmund Phelps (1933) American economist

Edmund Phelps "Keynes had no sure cure for slumps."in: The Financial Times. Columbia University, November 4, 2008.

Life, Books, Question

“It is a trial within a nation but a trial of victors against the vanquished. Even before the trials started, the victors who are our judges were quite convinced that we were guilty and that we should all pay the price.”

Julius Streicher (1885–1946) German politician

To Leon Goldensohn, June 15, 1946, from "The Nuremberg Interviews" by Leon Goldensohn, Robert Gellately - History - 2004

“Any job I do—if it doesn’t work, somebody pays. Possibly hundreds or thousands of somebodies. That’s the price of good engineering; nobody notices you did your job right.”

Charles Stross book Singularity Sky

Source: Singularity Sky (2003), Chapter 5, “Wolf Depository Incident” (p. 127)

“One interesting footnote: although Friedman made great strides in macroeconomics by applying the concept of individual rationality, he also knew where to stop. In the 1970s, some economists pushed Friedman’s analysis of inflation even further, arguing that there is no usable trade-off between inflation and unemployment even in the short run, because people will anticipate government actions and build that anticipation, as well as past experience, into their price-setting and wage-bargaining. This doctrine, known as “rational expectations,” swept through much of academic economics. But Friedman never went there.”

Paul Krugman (1953) American economist

"Who Was Milton Friedman?", The New York Review of Books (February 15, 2007)
The New York Review of Books articles

People, Past

“Marc Randazza argues that restricting Anglin’s trolling would set a dangerous precedent. Anglin “has every right to ask people to share their views, no matter how abhorrent those views are,” Randazza told. “This is the shitty price we have to pay for freedom.””

Marc Randazza (1969) American writer

People, Freedom

“DRM goes beyond protecting tracks from being traded online. It is used to lock consumers to proprietary technology. It is used to control supply and push higher prices. It is used to undermine practices we have long defined as fair use so they can be shifted to fee-based.”

Richard Menta American journalist

Source DRM is Like Paying for Ice http://www.mp3newswire.net/stories/6002/drm.html - 6/25/2006 Quotes from the MP3 Newswire

“Because the — all which is on the table begins to address the big cost drivers. For example, how benefits are calculate, for example, is on the table; whether or not benefits rise based upon wage increases or price increases. There's a series of parts of the formula that are being considered. And when you couple that, those different cost drivers, affecting those — changing those with personal accounts, the idea is to get what has been promised more likely to be — or closer delivered to what has been promised. Does that make any sense to you? It's kind of muddled. Look, there's a series of things that cause the — like, for example, benefits are calculated based upon the increase of wages, as opposed to the increase of prices. Some have suggested that we calculate — the benefits will rise based upon inflation, as opposed to wage increases. There is a reform that would help solve the red if that were put into effect. In other words, how fast benefits grow, how fast the promised benefits grow, if those — if that growth is affected, it will help on the red.”

George W. Bush (1946) 43rd President of the United States

4 February 2005
http://www.snopes.com/politics/bush/muddled.asp
2000s, 2005

Idea, Sense, Change, Help

“An artist using statistics as a brush could paint two very different pictures of our country. One would have warning signs: increasing layoffs, rising energy prices, too many failing schools, persistent poverty, the stubborn vestiges of racism. Another picture would be full of blessings: a balanced budget, big surpluses, a military that is second to none, a country at peace with its neighbors, technology that is revolutionizing the world, and our greatest strength, concerned citizens who care for our country and care for each other.”

George W. Bush (1946) 43rd President of the United States

2000s, 2001, Address to Joint Session of Congress on Administration Goals (February 2001)

World, School, Peace, Painting

“To illustrate the point of legitimacy-beyond-legality, consider the American Nazi party, the Flat Earth Society, and Hustler magazine. All three are quite legal, but they lack legitimacy. We acquiesce in their presence as the price we pay for living in a free society; but we refuse to take them seriously as "legitimate" expressions of political action, scientific inquiry or literary endeavor.”

John Rohr (1934–2011) American political scientist

Source: To run a constitution, 1986, p. x

“Slavery, that was a kind of alchemy for such White folk, or so they reckoned. They calculated a way of turning each bead of a Black man’s sweat into gold and each moan of despair from a Black woman’s throat into the sweet clear sound of a silver coin ringing on the money-changer’s table. There was buying and selling of souls in that place. Yet there was nary a one of them who understood the whole price they paid for owning other folk.”

Orson Scott Card (1951) American science fiction novelist

Source: The Tales of Alvin Maker, Prentice Alvin (1989), Chapter 1.

Money, Way, Soul, Despair

“You see, when you're middle class, you have to live with the fact that history will ignore you. You have to live with the fact that history can never champion your causes and that history will never feel sorry for you. It is the price that is paid for day-to-day comfort and silence. And because of this price, all happinesses are sterile; all sadnesses go unpitied.”

Douglas Coupland (1961) Canadian novelist, short story writer, playwright, and graphic designer

Generation X (1991)

Happiness, Sadness, Feeling, History

“It is said we go about the world waging war to promote peace, and yet the price paid is rarely weighed against the failed efforts to make the world a better place. Justifying conscription to promote the cause of liberty is one of the most bizarre notions ever conceived by man! Forced servitude, with the risk of death and serious injury as a price to live free, makes no sense. What right does anyone have to sacrifice the lives of others for some cause of questionable value? Even if well motivated it can’t justify using force on uninterested persons. It’s said that the 18 year old owes it to his country. Hogwash! It just as easily could be argued that a 50 year-old chickenhawk, who promotes war and places the danger on innocent young people, owes a heck of a lot more to the country than the 18 year-old being denied his liberty for a cause that has no justification.”

Ron Paul (1935) American politician and physician

Source: Conscription - The Terrible Price of War, November 21, 2003 http://www.house.gov/paul/congrec/congrec2003/cr112103.htm

Death, War, People, World

“The time of Christians is the price with which they purchase eternity.”

Anne-Thérèse de Marguenat de Courcelles, marquise de Lambert (1647–1733) writer from France

Source: An Essay on Old Age, 1732, p. 121

Time

“I want to mention the British Government's attitude to poorer countries in relation to 1992 and the EEC. There was a delegation here recently led by Mr. Julian Hunte from St. Lucia concerning the implications of the Single European Act for the survival of the Windward Islands. There is a problem because of the likelihood of the closure of markets for bananas and some of the smaller eastern Caribbean countries and the low price that the producers receive for them. It is necessary for the British Government to do something to protect the markets that those islands have traditionally enjoyed. If not, they will become seriously impoverished and further indebted. They will lose out because of Britain's obsession with moving deeper into the Common Market and accepting the Common Market's single economy rather than protecting those who have traditionally supplied goods to this country.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1989/mar/17/overseas-development in the House of Commons (17 March 1989). 1980s

Problem, Country

“When you buy a song file what you are buying is not a stamped product, but permission. Permission to copy a track from a sanctioned vendor. But it is just as easy if not easier from people to copy from one another. Who needs a middle man unless they offer an added value and do it at a motivating price point?”

Richard Menta American journalist

Source Record Industry Digital Growth Doomed by Mechanical Rates http://www.mp3newswire.net/stories/8002/mechanicals.htm - 10/05/2008 Quotes from the MP3 Newswire

People, Motivation

“Australia has, in its short history, paid a heavy price in human life in the cause of liberty and national survival. No one can foretell what the price will be in South-east Asia.”

Harold Holt (1908–1967) Australian politician, 17th Prime Minister of Australia

statement on the death of Private Errol Noack, first Australian conscript killed in Vietnam, 25 May 1966
As prime minister
Source: The Life and Death of Harold Holt, p. 180.

Life, History

“Ala’u ‘d-Din Khalji had 50.000 slaves. Flrozshah Tughluq came to have 1,80,000 slaves. Muhammad Tughluq sold thousands of slaves everyday at throw-away price. And so forth. Indeed, there was unprecedentedly brisk business in the slave markets in India and abroad, thanks to slave hunt under Muslim rule in India. And the slaves had perforce to embrace the religion of their masters. For instance, on the capture of Kalinjar in 1202, ‘fifty thousand kaniz- o ghulam, having suffered slavery, were rewarded with the honour of Islam.’ Muhammad Ghori is reported to have converted three to four hundred thousand Khokhars and Tirahias to Islam.”

Harsh Narain (1921–1995) Indian writer

Myths of Composite Culture and Equality of Religions (1990)

Religion, Business, Suffering

“Let's consider first Hayek's claim that prices in free market capitalism do not give people what they morally deserve. Hayek's deepest economic insight was that the basic function of free market prices is informational. Free market prices send signals to producers as to where their products are most in demand (and to consumers as to the opportunity costs of their options). They reflect the sum total of the inherently dispersed information about the supply and demand of millions of distinct individuals for each product. Free market prices give us our only access to this information, and then only in aggregate form. This is why centralized economic planning is doomed to failure: there is no way to collect individualized supply and demand information in a single mind or planning agency, to use as a basis for setting prices. Free markets alone can effectively respond to this information.
It's a short step from this core insight about prices to their failure to track any coherent notion of moral desert. Claims of desert are essentially backward-looking. They aim to reward people for virtuous conduct that they undertook in the past. Free market prices are essentially forward-looking. Current prices send signals to producers as to where the demand is now, not where the demand was when individual producers decided on their production plans. Capitalism is an inherently dynamic economic system. It responds rapidly to changes in tastes, to new sources of supply, to new substitutes for old products. This is one of capitalism's great virtues. But this responsiveness leads to volatile prices. Consequently, capitalism is constantly pulling the rug out from underneath even the most thoughtful, foresightful, and prudent production plans of individual agents. However virtuous they were, by whatever standard of virtue one can name, individuals cannot count on their virtue being rewarded in the free market. For the function of the market isn't to reward people for past good behavior. It's to direct them toward producing for current demand, regardless of what they did in the past.
This isn't to say that virtue makes no difference to what returns one may expect for one's productive contributions. The exercise of prudence and foresight in laying out one's production and investment plans, and diligence in carrying them out, generally improves one's odds. But sheer dumb luck is also, ineradicably, a prominent factor determining free market returns. And nobody deserves what comes to them by sheer luck.”

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, Way, Behavior, Exercises

“On United Nations International Day in Support of Victims of Torture, the United States reaffirms its commitment to the worldwide elimination of torture. Freedom from torture is an inalienable human right, and we are committed to building a world where human rights are respected and protected by the rule of law…Throughout the world, there are many who have been seeking to have their voices heard, to stand up for their right to freedom, and to break the chains of tyranny. Too many of those courageous women and men are paying a terrible price for their brave acts of dissent. Many have been detained, arrested, thrown in prison, and subjected to torture by regimes that fail to understand that their habits of control will not serve them well in the long-term.”

George W. Bush (1946) 43rd President of the United States

June 26 http://usinfo.state.gov/dhr/Archive/2005/Jun/27-499670.html 2000s, 2005

Women, Men, World, Law

“A museum that really wants to promote modern art might give the artist a guaranty, on certain conditions, so that he can get on with his life and his creations. Or do you believe that the museum is more interested in the artist's death, in order to see the price of his paintings go up?”

Kurt Schwitters (1887–1948) German artist

Source: 1940s, I is Style (2000), p. 45 : in a letter (11 November 1940) to Käthe Steinitz, sent from the internment camp on Isle of Man, England.

Life, Death, Art, Painting

“for price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXIV, The Rent of Land, p. 220

“When the international prices rise, we expect the government to cut its share of profit and its revenue earnings and share the burden of the increase with the common man.”

Arun Jaitley (1952–2019) Indian politician

Responding to fuel price raise by the UPA government, as quoted in " India announces fuel price rise http://news.bbc.co.uk/2/hi/south_asia/4219582.stm", BBC News (6 September 2005)

“A question I have often asked is, ‘What would an inoffensive political cartoon look like?’ What would a respectful cartoon look like? The form requires disrespect and so if we are going to have in the world things like cartoons and satire, we just have to accept it as part of the price of freedom.”

Salman Rushdie (1947) British Indian novelist and essayist

The Hindu interview (2012)

World, Question, Freedom, Parting

“In the preface to the reissue of Risk, Uncertainty and Proﬁt, Frank Knight makes the penetrating observation that under the conditions envisaged above the velocity of circulation would become inﬁnite and so would the price level. This is perhaps an over-dramatic way of saying that nobody would hold money, and it would become a free good to go into the category of shell and other things which once served as money. We should expect too that it would not only pass out of circulation, but it would cease to be used as a conventional numeraire in terms of which prices are expressed. Interest bearing money would emerge. Of course, the above does not happen in real life, precisely because uncertainty, contingency needs, non-synchronization of revenues and outlay, transaction frictions, etc., etc., all are with us. But the abstract special case analyzed above should warn us against the facile assumption that the average levels of the structure of interest rates are determined solely or primarily by these differential factors. At times they are primary, and at other times, such as the twenties in this country, they may not be. As a generalization I should hazard the hypothesis that they are likely to be of great importance in an economy in which there is a “quasi-zero" rate of interest. I think by this hypothesis one can explain many of the anomalies of the United States money market in the thirties.”

Paul A. Samuelson book Foundations of Economic Analysis

Source: 1940s, Foundations of Economic Analysis, 1947, Ch. 5 : Theory of Consumer’s Behavior

Life, Money, Way, Thinking

“This theme of mismeasurement interacts with the designation of the one hundred years between 1870 and 1970 as the “special century.” Measurement errors are greatest in the early years, both in the scope of the standard of living and in the extent of price index bias. Clearly the welfare benefits to consumers in the categories of life entirely omitted from GDP were greatest long ago: the transition from the scrub board to the automatic washing machine was a more important contributor to consumer welfare than the shift from manual to electronic washing machine controls or from a twelve-pound tub to an eighteen pound tub. The most important unmeasured benefit of all, the extension of life expectancy, occurred much more rapidly from 1890 to 1950 than afterward.”

Robert J. Gordon (1940) American economist

Source: The Rise and Fall of American Growth, 2016, p. 13

Life, Error

“I'm takin' lives for a great price, I'm the type to snap in heaven with a Mac-11 and rape Christ”

Big L (rapper) (1974–1999) American rapper

Christ

“The hell with it. Who never knew
the price of happiness will not be happy.”

Yevgeny Yevtushenko (1932–2017) Russian poet, film director, teacher

"Lies" (1952), line 11; Robin Milner-Gulland and Peter Levi (trans.) Selected Poems (London: Penguin, 2008) p. 52.

Happiness, Hell

“Sometimes when he is among the sheep — when they have been rounded up to be dipped, and are penned tight and cannot get away — he wants to whisper to them, warn them of what lies in store. But then in their yellow eyes he catches a glimpse of something that silences him: a resignation, a foreknowledge not only of what happens to sheep at the hands of Ros behind the shed, but of what awaits them at the end of their long, thirsty ride to Cape Town on the transport lorry. They know it all, down to the finest detail, and yet they submit. They have calculated the price and are prepared to pay it — the price of being on earth, the price of being alive.”

J.M. Coetzee (1940) South African writer

Boyhood (1998)

Silence

“Every nation has to either be with us, or against us. Those who harbor terrorists, or who finance them, are going to pay a price.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Sound file (13 September 2001) http://www.wavsource.com/news/20010911a.htm Senate years (2001 – January 19, 2007)

“Not merely in the realm of commerce but in the world of ideas as well our age is organizing a regular clearance sale. Everything is to be had at such a bargain that it is questionable whether in the end there is anybody who will want to bid. Every speculative price-fixer who conscientiously directs attention to the significant march of modern philosophy, every Privatdocent, tutor, and student, every crofter and cottar goes further. Perhaps it would be untimely and ill-timed to ask them where they are going.”

Sören Kierkegaard (1813–1855) Danish philosopher and theologian, founder of Existentialism

Preface
1840s, Fear and Trembling (1843)

Age, World, Idea, Question

“There are many cases where landlords take advantage of the needs of municipalities and even of national needs and of the monopoly which they have got in land in a particular neighbourhood in order to demand extortionate prices. Take the very well-known case of the Duke of Northumberland, when a county council wanted to buy a small plot of land as a site for a school to train the children who in due course would become the men labouring on his property. The rent was quite an insignificant thing; his contribution to the rates I think it was on the basis of 30s. an acre. What did he demand for it for a school? £900 an acre. All we say is this—if it is worth £900, let him pay taxes on £900.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Speech in Limehouse, East London (30 July 1909), quoted in Better Times: Speeches by the Right Hon. D. Lloyd George, M.P., Chancellor of the Exchequer (London: Hodder & Stoughton, 1910), p. 148.
Chancellor of the Exchequer

Men, Children, School, Thinking

“Mattei pushed hard for a line of detachment, of critical participation in NATO and even of getting out of NATO and into a neutralist position. Mattei therefore not only annoyed the United States with his oil deals in the Middle East, which broke up the balance of the international oil cartel, and broke up the price equilibrium, but it was Mattei who pushed even harder for Italy's entire policy to take its distance from the United States and to open up toward the Third World countries, which were traveling in a certain way along a road similar to the painful and laborious road which Italy had had to travel. Mattei was very sensitive to these problems, because he had been a witness to this difficult road of Italy's and had had great difficulties at the beginning of his career. So he knew what it meant for a country to free itself from the colonial yoke and find its own way, its own balance, and a way of arranging its own economy which would not be an economy of pure exploitation by the great powers”

Nico Perrone (1935) Italian historian and writer

Source: The Strategic Stakes in Mattei's Flight, p. 23

Pain, World, Way, Travel

“The Libyans said they'll buy their way out of these three [terrorism] black lists. We'll pay so much, to hell with $2 billion or more. It's not compensation. It's a price. The Americans said it was Libya who did it. It is known that the president was madman Reagan who's got Alzheimer's and has lost his mind. He now crawls on all fours.”

Muammar Gaddafi (1942–2011) Libyan revolutionary, politician and political theorist

SBS Dateline (8 October 2003) "The New Libya"

Way, Hell

“Maurice Joly: In “Caesar” I bluntly accused our emperor of evil offenses…in ‘’’this’’’ book I expose the nature of the man’s mind, how he thinks, y’see!
Alphonse: But, Maurice, this Napoleon has seduced the public with social gifts…libraries and wars to give them national patriotic pride.
Maurice Joly: BAH! That is the kind of pallitative all dictators give their masses! But at what price? I ask you!
Alphonse: So…you show his plan by the dialogue of Machiavelli who is known as a cunning manipulator of political power, eh?
Maurice Joly: Yes, this is the clearest way to show the similarity of Napoleon’s mind to Machiavelli’s!
Alphonse: Hmmm! A clever device I must admit!”

Will Eisner (1917–2005) American cartoonist

Source: The Plot: The Secret Story of the Protocols of the Elders of Zion (10/2/2005), p.13

War, Books, Way, Nature

“… there are now unmistakeable signs of a trend in favor of superior products at premium prices. The consumer is not a moron, she is your wife.”

David Ogilvy (1911–1999) Advertising executive

Ogilvy on Advertising, p. 170

“Revolution is indeed a violent process. But if it is to result only in a change of dictatorship, in a shifting of names and political personalities, then it is hardly worth while. It is surely not worth all the struggle and sacrifice, the stupendous loss in human life and cultural values that result from every revolution. If such a revolution were even to bring greater social well being (which has not been the case in Russia) then it would also not be worth the terrific price paid: mere improvement can be brought about without bloody revolution.”

Emma Goldman book My Disillusionment in Russia

My Disillusionment in Russia (1923)

Life, Change, Loss, Personality

“The price of empire is America's soul, and that price is too high.”

J. William Fulbright (1905–1995) American politician

"The Price of Empire" speech, to the meeting of the American Bar Association in Hawaii (August 1967), in Haynes Bonner Johnson and Bernard M. Gwertzman, Fulbright: The Dissenter (1968), p. 305.

Soul

“No wonder a few people in Cross Plains don’t like him. They don’t understand him. His preoccupation with history and with writing instead of the price of corn and cotton is something they could not understand Could I? I liked to talk about books... History... Writing. Well, this was an opportunity to listen to a very interesting storyteller!”

Robert E. Howard (1906–1936) American author

~ Novalyne Price Ellis, One Who Walked Alone, p. 64, ISBN 093798678X
About

People, Books, History, Understanding

“…today everything is commercialized--politics, religion, education, ideology, belief, the armed services. …Everything has its price.”

Carroll Quigley (1910–1977) American historian

Oscar Iden Lecture Series, Lecture 3: "The State of Individuals" (1976)

Education, Religion

“The enemy soldier in the Cuban example, which we are now considering, is the junior partner of the dictator; he is the man who gets the last crumbs left to him in a long line of profiteers that begins in Wall Street and ends with him. He is disposed to defend his privileges, but he is disposed to defend them only to the degree that they are important to him. His salary and pension are worth some suffering and some dangers, but they are never worth his life; if the price of maintaining them will cost it, he is better off giving them up, that is to say, withdrawing from the face of guerrilla danger.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Notes on the Cuban Revolution (1960)

Life, Suffering

“Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to other commodities. In a regime of big industry or of free competition – as we shall see, the two come to the same thing – the price of a commodity is, on the average, always equal to its cost of production. Hence, the price of labor is also equal to the cost of production of labor. But, the costs of production of labor consist of precisely the quantity of means of subsistence necessary to enable the worker to continue working, and to prevent the working class from dying out. The worker will therefore get no more for his labor than is necessary for this purpose; the price of labor, or the wage, will, in other words, be the lowest, the minimum, required for the maintenance of life.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

Life, Law

“Usually it is easier to obtain estimates for budget proportions and Engel elasticities than for elasticities with respect to price. By making certain want independence assumptions, the elasticities with respect to price can be deduced from the knowledge of budget proportions and Engel elasticities. In this connection the concept of the flexibility of the marginal utility of money is essential. A system of formulae decribing these relations is given.”

Ragnar Frisch (1895–1973) Norwegian economist

Ragnar Frisch. " A complete scheme for computing all direct and cross demand elasticities in a model with many sectors http://econ.ucdenver.edu/beckman/Research/readings/frisch-demand-econometrica.pdf." Econometrica 27.2 (1959): 177-196. 1940-60s

Money, Knowledge

“Shaw's plays are the price we pay for Shaw’s prefaces.”

James Agate (1877–1947) British diarist and critic

Ego, p. 276, March 10, 1933.

“It isn’t illegal to buy an artist’s work for peanuts and sell it again at any price one can get. But it is an outrage!”

Murray Leinster (1896–1975) Novelist, short story writer

Source: Time Tunnel (1964), Chapter 2 (p. 21).

“I don't know what monetarism is. If monetarism just means a good old-fashioned quantity theory, of course it has not failed. If it means the particular version of Milton Friedman, I think it has because he imagines that he can achieve — ascertain — a clear quantity relationship between a measurable quantity of money and the price level. I don't think that is possible. In fact, just about 40 years ago in the opening sentences of my book, Prices and Production, I wrote that it would be a great misfortune if people ever cease to believe in the quantity theory of money. It would be even worse ever to believe it literally. And that's exactly what Milton Friedman does.”

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

"Interview with F. A. Hayek", in Cato Policy Report (February 1983)
1980s and later

Money, People, Books, Imagination

“There are times when the price of vegetables, sawi (mustard greens) and kangkung (water convolvulus) goes up and there are times it comes down. I read in the newspaper that some prices have come down. Kangkung price once went up and now it is down. When the prices come down, why are there no praises for the government? When it goes up, the government gets the blame. This is unfair because (such issues are determined by) the weather conditions.”

Najib Razak (1953) Malaysian politician

Speech given at Kemaman, Terengganu, on 14 January 2014, cf Palatino M, The Diplomat; "Malaysia's Kangkung Meme" http://thediplomat.com/2014/01/malaysias-kangkung-meme/.

Water, Time, Reading, Weather

“The physiocrats started a train of thought which was a powerful stimulus to the development of a labour theory of value and surplus value. They did not, however develop such a theory of value themselves. What attention they gave to the problem of exchange-value and price produced results of an altogether different character. Thus while one of their contributions finds its continuation in Smith, Ricardo, and Marx, the other leads to the post-classical supply and demand and utility theories of value.”

Eric Roll, Baron Roll of Ipsden (1907–2005) British economist

Source: A History of Economic Thought (1939), Chapter III, The Founders Of Political Economy, p. 135

Problem, Training

“Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.”

L. Neil Smith (1946) American writer

"Some New Tactical Reflections".

Money, Lie, Communication

“The best way to cure this mortal disease of individualism must be to provide that there shall never exist any confident expectation either that prices generally are going to fall or that they are going to rise; and also that there shall be no serious risk that a movement, if it does occur, will be a big one. If, unexpectedly and accidentally, a moderate movement were to occur, wealth, though it might be redistributed, would not be diminished thereby.”

John Maynard Keynes book Essays in Persuasion

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

Disease, Way, Confidence, Wealth

“The root of the problem is that domesticated animals have inherited from their wild ancestors many physical, emotional and social needs that are redundant in human farms. Farmers routinely ignore these needs without paying any economic price. They lock animals in tiny cages, mutilate their horns and tails, separate mothers from offspring, and selectively breed monstrosities.”

Yuval Noah Harari (1976) Israeli historian

Introduction to Animal Liberation

Problem, Animals

“[The masses] … must turn their hopes toward a miracle. In the depths of their despair reason cannot be believed, truth must be false, and lies must be truth. "Higher bread prices," "lower bread prices," "unchanged bread prices" have all failed. The only hope lies in a kind of bread price which is none of these, which nobody has ever seen before, and which belies the evidence of one's reason.”

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

Source: 1930s- 1950s, The End of Economic Man (1939), p. 84

Truth, Hope, Falseness, Despair

“The differential rate system of piece-work consists briefly in offering two different rates for the same job: a high price per piece, in case the work is finished in the shortest time possible and in perfect condition, and a low price, if it takes a longer time to do the job, or if there are any imperfections in the work. (The high rate should be such that the workman can earn more per day than is usually paid in similar establishments.) This is directly the opposite of the ordinary plan of piece-work, in which the wages of the workmen are reduced when they increase their productivity.”

Frederick Winslow Taylor (1856–1915) American mechanical engineer and tennis player

Source: "A Piece-rate System," 1896, p. 90; Cited in: Morgen Witzel, Fifty key figures in management. Routledge, 2004. p. 250.

Time, Perfection

“Nietzsche saw in the Protestant ethic, in both its religious and secular (economic) forms, a final protest before the emergence into dominance of the ordered, bourgeois world of the ‘last man’—he who will pay any price in tedium for comfort and the absence of tension.”

John Carroll (1944) Australian professor and author

Source: Break-Out from the Crystal Palace (1974), p. 96

World

“Secretary Tom Price is also here. Today Dr. Price still lives the scout oath, helping to keep millions of Americans strong and healthy as our Secretary of Health and Human Services, and he's doing a great job. And, hopefully, he's going to get the votes tomorrow to start our path toward killing this horrible thing known as Obamacare that's really hurting us, folks. By the way, you going to get the votes? He better get them. He better get them. Oh, he better, otherwise I'll say, "Tom, you're fired."”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2017, July, 2017 National Scout Jamboree (July 24, 2017)

Health, Way, Strong, Help

“Property rights develop to internalize externalities when the gains of internalization become larger than the cost of internalization. Increased internalization, in the main, results from changes in economic values, changes which stem from the development of new technology and the opening of new markets, changes to which old property rights are poorly attuned [G]iven a community's tastes… [for private versus state ownership], the emergence of new private or state-owned property rights will be in response to changes in technology and relative prices.”

Harold Demsetz (1930–2019) American economist

Harold Demsetz, (1967). "Toward a Theory of Property Rights." American Economic Review 57 (May, No. 2): 347-359. p. 350, as cited in Eggertsson (1990; 250)

Communication, Change

“The dictionary defines "economics" as "a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services." Here is another definition of economics which I think is more helpful in explaining how economics relates to software engineering.
Economics is the study of how people make decisions in resource-limited situations.
This definition of economics fits the major branches of classical economics very well.
Macroeconomics is the study of how people make decisions in resource-limited situations on a national or global scale. It deals with the effects of decisions that national leaders make on such issues as tax rates, interest rates, foreign and trade policy.
Microeconomics is the study of how people make decisions in resource-limited situations on a more personal scale. It deals with the decisions that individuals and organizations make on such issues such as how much insurance to buy, which word processor to buy, or what prices to charge for their products or services.”

Barry Boehm (1935) American software engineer

Source: Software engineering economics. (1984), p. 4

People, Thinking, Decision, Study

“Hayek’s essential gist in capital theory was that capital is heterogeneous, that it cannot be put to many uses simultaneously or at different times. If these empirical assumptions as to capital’s heterogeneity are false, then his theoretical system of economic activity falls. Hayek never established that changes in interest rates primarily and predominantly influence capital production of goods of higher order and their prices.”

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

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

Change, Time, Falseness

“While State representatives are busily engaged in investigating and interfering, our agents and salesmen are handicapped, because they never know whether or not a sale at a higher price will mean denunciation as a ‘profiteer’ or ‘saboteur’ followed by a prison sentence.”

Günter Reimann (1904–2005) German economist

Source: The Vampire Economy: Doing Business Under Fascism, 2014, p. 7 (letter from a German businessman)

“A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXII, Bounties and Prohibitions, p. 201

Home

“As we have said, the bankers are for bullets—for the fool patriots that enlist at paupers' wages to stop the bullets, while the bankers clip coupons, boost food prices, increase dividends, and pile up millions and billions for themselves. Say, Mr. Workingman, suppose you have sense enough to be as patriotic as the banker, but not a bit more so. When you see the bankers on the firing line with guns in their hands ready to stop bullets as well as start them, then it is time enough for you to be seized with the patriotic itch and have yourself shot into a crazy-quilt for their profit and glory. Don't you take a fit and rush to the front until you see them there. They own the country and if they don't set the example of fighting for it, why should you?”

Eugene V. Debs (1855–1926) American labor and political leader

As quoted in "American State Trials: A Collection of the Important and Interesting Criminal Trials which Have Taken Place in the United States, from the Beginning of Our Government to the Present Day", Vol. 13, 1921

Food, Fools, Sense, Time

“Real economic growth emanates from increased productivity, which tends to hold prices down.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“The price of freedom is to decide moral and political issues.”

Joxe Azurmendi (1941) Basque writer

Interview in Deia (1 September 2012)

Freedom

“Well it seems to me absolutely scandalous to try to set wage levels which wipe out jobs. I mean these are people who are not on the dole. They want to work and if you price them out of the market its gonna be a lot worse for them and for the economy.”

Irwin Stelzer (1932) American economist and columnist

Newsnight debate (2010)

People

“The Bible predicts that in the last days of man-made regimes on earth, a totally godless, anti-Christ world government will arise, led by a Devil-possessed dictator, Satan incarnate, who will bring a temporary false peace on earth and a counterfeit utopia. Its price will be enforced worship of him as the imitation Messiah. All of his subjects will be branded with a credit number in order to buy or sell or obtain food or employment, and all those who refuse to cooperate will be hunted, persecuted, and slaughtered by his commandment. This will be a time of Great Tribulation.
This anti-Christ government of anti-Christ forces under the leadership of the Antichrist himself, this superhuman world dictator of man's last one-world godless government, will then set up its headquarters in Jerusalem, his capital, and unite all peoples of the world into a one-world worship of this demon-demagogue and his magical image which can speak.
These startling events will immediately precede the Second Coming of Jesus Christ, which is the major endtime event, the grand climax, as the Lord Himself returns and wipes out the Antichrist and his followers and sets up the last and most lasting and only perfect government the world has ever known, and "the meek shall inherit the earth"”

David Berg (1919–1994) Children of God founder

Psalm 37:11
A More Sure Word of Prophecy (2 Peter 1:19)

People, World, Peace, Food

“All those men have their price.”

Robert Walpole (1676–1745) British statesman

Prime Minister
Source: Reported in Bartlett's Familiar Quotations, 10th ed. (1919), stating "'All men have their price' is commonly ascribed to Walpole", and citing Coxe, Memoirs of Walpole, Vol. iv, p. 369: "Flowery oratory he despised. He ascribed to the interested views of themselves or their relatives the declarations of pretended patriots, of whom he said, 'All those men have their price'".

Men

“Assurance is a jewel of that worth, a pearl of that price, that he who will have it must work, and sweat, and weep, and wait to obtain it.”

Thomas Brooks (1608–1680) English Puritan

Heaven On Earth, 1654

Waiting

“The claim "I deserve my income," as applied to an individual's pretax income in free market economies, has considerable intuitive force. If true, it suggests a powerful moral claim against taxation for redistributive purposes, on the intuitively plausible supposition that a just economic order ought to ensure that people get what they morally deserve.
But, however intuitive these claims may be, they are unjustified. In two of his important works of political economy, The Constitution of Liberty (see esp. ch. 6), and Law, Legislation, and Liberty (vol. 2), Hayek explained why free market prices cannot, and should not, track claims of individual moral desert.”

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, Law

“I've always doubted that the socialists had a leg to stand on intellectually. They have improved their argument somehow, but once you begin to understand that prices are an instrument of communication and guidance which embody more information than we directly have, the whole idea that you can bring about the same order based on the division of labor by simple direction falls to the ground. Similarly, the idea [that] you can arrange for distributions of incomes which correspond to some conception of merit or need. If you need prices, including the prices of labor, to direct people to go where they are needed, you cannot have another distribution except the one from the market principle. I think that intellectually there is just nothing left of socialism.”

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

Interview with Thomas W. Hazlett in May of 1977, as published in " The Road to Serfdom, Forseeing the Fall", in Reason magazine (July 1992) http://reason.com/archives/1992/07/01/the-road-from-serfdom 1960s–1970s

People, Communication, Idea, Understanding

“When a novel department store called Gigantti was opened in the capitol area a year or two ago, which promised gadgets of many colors for the stinking cheap price of 9:90, 99:90, 999:90; the parking field's rafts of metal plated beetles reached the horizon, and the human lines wriggling midst them in tens of thousands surpassed all the records of the good old Soviet Union. As I looked at those newspaper pictures, a tormented scream erupted from my lips: no democracy, for heaven's sake, no democracy! No common voting right, never! No, no, no!”

Pentti Linkola (1932) Finnish ecologist

Thoughts And Memories About The Old Educated Class - A View Into The Century's Ideological History (2000)

Color, Democracy

“LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter V, On Wages, p. 52

Nature

“The 'new theory of money and the cycle' which is spoken of in the opening paragraph is of course Hayek's. It was from Hayek that I began - where I got to will be seen. Even at the end, I was minimising my differences from Hayek. I could do so because, as I have elsewhere explained (Economic Perspectives, p. 141n), I still thought, like Pigou and Robertson, and Hayek, but by that time unlike Keynes, that 'we were talking about fluctuations, which, since they did not result in complete collapse or complete explosion, could not have engendered an expectation of going on forever. Booms could then be considered as times of high prices, slumps as times of low prices - with regard to some norm, which throughout the which throughout the fluctuations would not be changed, or not much changed'.”

John Hicks (1904–1989) British economist

Source: Money, Interest and Wages, (1982), p. 28; on his "Equilibrium and the Cycle" (1933), an influential work on the topics of intertemporal equilibrium, monetary theory, and trade cycle phenomena.

Money, Change, Time