Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
quote by Thomas Sowell
Submitted by Lucian Velea
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Related quotes
The Whole World
Together the world seems to pursue a dream
I heard over the telephone, for toying this.
Your proof of mathematics is supreme when
A little gun is waved for the world.
My interest laid in money, foolish money,
Priced too high in quality, as a meeting of minds
Inside another brain.
The world now immediately condemns
The whole of the money!
Prices too strong, prices too high,
Why on Earth do customers come?
poem by Naveed Akram
Submitted by Poetry Lover
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Drug prohibition has caused gang warfare and other violent crimes by raising the prices of drugs so much that vicious criminals enter the market to make astronomical profits, and addicts rob and steal to get money to pay the inflated prices for their drugs.
quote by Michael Badnarik
Submitted by Lucian Velea
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So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
quote by Merton Miller
Submitted by Lucian Velea
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People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.
quote by David Neeleman
Submitted by Lucian Velea
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Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
quote by William Vickrey
Submitted by Lucian Velea
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I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. ... [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.
quote by Jeff Bezos
Submitted by Veronica Serbanoiu
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Along with you, I have witnessed the unfortunate rise in gasoline prices that has accompanied the summer driving season and the more recent spike in prices due to Hurricane Katrina.
But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.
quote by Michael Polanyi
Submitted by Lucian Velea
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Mr. Speaker, high natural gas prices and the summer spike in gasoline prices serve as a stark reminder that the path to energy independence is a long and arduous one.
quote by Judy Biggert
Submitted by Lucian Velea
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We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe - and we have to take this as an article of faith - that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
quote by Jeff Bezos
Submitted by Veronica Serbanoiu
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We Are The Same...
gas rices up,
fuel prices up,
grocery prices up,
heating prices up...
and the poor man's dollar
is still a dollar!
cant afford sickness,
cant afford hospitals,
cant afford shelter,
cant afford, cant afford.
it's time to band together
in small communities,
and be neighbors again.
we cannot rely on the government,
on churches, on the elite...
we have each other,
and that is all!
forget about differences.
skin color, religion, politics...
let it go.
we are the same!
same needs, same desires,
same prayers, same love...
red blooded, dirty, stinking
human beings...
human beings in need
of each other!
poem by Eric Cockrell
Submitted by Poetry Lover
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Praying For Scarcity
The only person praying for human plight
So he gets his chance right
Prices soar and fill his coffer
He is right in his opinion and never differs
Not a conscience, opinion or curse worry
Other insects bother him but no sorry
He may double or treble his money
Even though he may receive wrath from many
Let people die or go to hell
He should remain happy and well
He has nothing to worry or tell
As prices will soar and dwell
Black marketing or hoarding is nice business
No competition is on or any danger to face
Compile complete commodities from the market
Create shortage and price arbitrarily set
You may find such nuisance everywhere
World economy has to learn lesson from here
How things can be manipulated at larger level?
There may be, otherwise, different story to tell
It will be nice if things are stored in anticipation
Prices may go up in lean period in relation
The situation can be staved off and handled well
There won’t be any plight or situation like hell
Allow few free markets to mushroom
Give them enough freedom and room
Yet keep control and watch the scene
The plight and agony may be hardly seen
Still it is considered as sin
As such tendency is never seen
Human nature is such to take full advantage
Otherwise many articles on this might have not appeared on page
poem by Hasmukh Amathalal
Submitted by Poetry Lover
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Meant to Be Overheard
Listen to them...
And you can tell,
What kinds of people they are.
And what they value,
Most!
What they boast about!
And how that is done well.
It's important to them,
Where they live.
And the prices of the homes,
In their neighborhoods.
It's important to them,
Who they know.
And where they socialize,
At the private clubs they go!
It's important to them,
What they drive.
And the number of vehicles they own.
What they purchase and where they shop!
The prices paid.
To which charities they give.
And the amounts they gave!
It's important to them,
How many degrees they have.
Which schools they were on the honor roll.
The training of their pets.
And where their children are currently enrolled.
It's important to them,
Where they take vacations.
And travel first class...
'Of course! Don't you? '
On buses, trains and planes.
And that once a year 30 day cruise.
It's important to them,
Where they wine and dine.
With the utmost of etiquette.
It's important to them,
The churches they attend.
Their religious and political affiliations.
Where near the pulpit on pews they sit.
And how much they donate...
As an 'anonymous' gift!
And listening to all of this self centered display...
One is proud and honored,
To be lifted from this pretentiousness.
Feeling grateful to be from them fading away...
From such displays of selfish ways.
And feeling more of a wholesomeness to be lived.
Far more beneficial.
Than existing to flaunt and receive attention.
Today many could care less,
Who tries to impress.
With an embellish and over exaggerated intention!
Meant to be overheard as it is addressed.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
quote by Merton Miller
Submitted by Lucian Velea
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As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
quote by Timothy Geithner
Submitted by Lucian Velea
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I am pleased that the President has signed an Executive Order this week requiring federal agencies to disclose information about prices and quality of healthcare services.
quote by Timothy Murphy
Submitted by Lucian Velea
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Rice at present prices provides more food for the money than most of the other cereals.
quote by David F. Houston
Submitted by Lucian Velea
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God Bestowed Information (part five of Certain Knowledge Know)
Money never really mattered
he made it, spent it,
over a long principled life; that
in itself was enough.
Money was just a simple tool
to procure, life’s necessities,
to be used wisely skillfully,
as were all tools; of life’s trade.
It was to be used, that was all,
unlike others, his money he used;
it did not use him, rule over him,
control his actions, control his life.
But the God bestowed information
contained in his astute judicious brain;
of more lasting value, than development,
of a super-sonic, combat attack aircraft.
Full-blooded wanders
certain knowledge know,
the depths of such intrinsic
knowledge, understanding,
is like the vast energized dark
freezing depths; of interstellar
space, waiting for us to go there,
search out, explore new knowledge.
And ultimately enlightened know...
The last thing he said
before he smiling died.
Spread my ashes over Auschwitz.
Spread my ashes. Spread my ashes.
Among my nameless beloved brethren.
He was a strange saintly kind of guy.
Copyright © Terence George Craddock
Journeys Through Diversity Defining Life (part one of Certain Knowledge Know)
A Scientific Tasteless Artificial Era (part two of Certain Knowledge Know)
Eyes Telling Multiple Mysteries (part three of Certain Knowledge Know)
I Was Even Born In Them (part four of Certain Knowledge Know)
God Bestowed Information (part five of Certain Knowledge Know)
poem by Terence George Craddock
Submitted by Poetry Lover
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What Is The Value Of Money?
Money we all know is a medium of exchange
Buyers and sellers relate to each other through money
The question here is – what is the value of money?
Few say money is the root of all evil
Many say money is the root of prosperity
And how valuable is money
Almost everything is measured by money
People go to work everyday because of money
Wealth of individuals is measured by money
All purchases and transactions are made by money
Every country has a name for its own money
The importance of some countries
In based on the value of their money
What is the value of money?
The rise and fall of foreign exchange
Is used to measure the value of money
Success to many is also measured by money
Corporate positions are measured by money
There are some people who marry for money
What is the value of money?
To many, money is everything
You cannot get many things done without money
Many have pondered and contemplated to ask
Can human beings live without money?
Then, how shall we determine and decide
The prices of individuals and materials
Differences between the rich and the poor
Are calculated in monetary terms
The power bestowed by money
Seems bigger than imagined
poem by Julius Babarinsa
Submitted by Poetry Lover
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Knowing a great deal is not the same as being smart; intelligence is not information alone but also judgement, the manner in which information is coordinated and used.
Carl Sagan in Cosmos
Submitted by Catalin Popescu
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