“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
Work
Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
William S. Vickrey's work on Full Employment and Price Stability examines the interplay between economic growth, employment levels, and inflation. The book presents a comprehensive analysis of macroeconomic principles and their application to achieving both full employment and price stability. It offers insights into the economic theories that influenced Vickrey's approach to policy making and economic development. more
Author
William Vickrey
William Vickrey was a Nobel Prize-winning economist renowned for his contributions to auction theory. His research in economics had a profound impact on modern auction practices. more
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Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
Source: Public Economics: Selected Papers by William Vickrey
“Give me a little peace. A little? Why so modest? How about eternal peace? Now, there's a thought.”
“I didn't have a whole lot of success getting dates, I was always a bit of a geek.”
Source: Essays on Hayek
“Information is acquired by being told, whereas knowledge can be acquired by thinking.”