“Sellers in general maintain the quality of their products and services for fear of losing customers otherwise. But, when price controls create a situation where the amount demanded is greater than the amount supplied - a shortage - fear of losing customers is no longer as strong an incentive. For example, landlords typically reduce painting and repairs when there is rent control, because there is no need to fear vacancies when there are more tenants looking for apartments than there are apartments available.” NeedsStrongQualitySituationGreaterExamplePaintingProductsAmountLosingAvailableCustomersApartmentIncentivesShortageSellersLandlordTenantsVacancyRent Control Author:Thomas Sowell
“As a child growing up among artists I learned to think of a picture not as a finished product exposed for the admiration of the virtuosi, but as the visible record, lying about the house, of an attempt to solve a definite problem in painting.” ThinkingChildrenProblemLyingArtistHouseGrowing UpRecordsGrowingPaintingProductsSolveFinishedVisibleAdmirationExposedDefiniteChildren Growing UpGrowing Children Author:Robin G. Collingwood
“A painting is above all a product of the artist's imagination, it must never be a copy. If, at a later stage, he wants to add two or three touches from nature, of course it doesn't spoil anything.” IfsWantTwoArtistThreeCoursesImaginationStagePaintingProductsAddCopiesSpoil Book:Degas by Degas Source: Degas by Degas
“I think it was Roger Fry who first coined what he took to be a final definition of a work of art, whether it was a painting, building, poem or Hepplewhite chair. He said that the best works of art are finished products that preserve 'a valuable state of mind'.” ThinkingMindFirstsArtSaidStatesBuildingPaintingProductsFinalsDefinitionsValuableFinishedPreservesChairsWorks Of ArtState Of MindBest WorkRoger Author:Alistair Cooke