Quotessence
Home / Topics / Supply And Demand Quotes

Supply And Demand Quotes

Browse 68 quotes about Supply And Demand.

Related topics

Law

Supply And Demand Quotes

“Winter arrived with December, and the world continued to suffer the loss of the Internet and most forms of communication. Supply chains were disrupted. The only mass form of personal communication was the letter, and postal workers were having their worst year ever, as they were actually meeded. Food was becoming scarcer and more expensive, as was fuel for vehicles and heating. Major cities experienced riots on a regular basis, spurred on by religious fervor and want. Civilization was on the brink of collapse.”

WorldReligionSufferingLossCommunicationInternetCivilizationLettersWinterHeatFuelCollapseRiotLetterDecemberDisruptionSufferDisruptiveHeatingSupply ChainSupply And DemandRiotsSupplyPostal ServiceVehiclesArriveDisruptAutosArrivedDecPostalPostal Workers
Book:The Fridgularity
Create image

“Or how does it happen that trade, which after all is nothing more than the exchange of products of various individuals and countries, rules the whole world through the relation of supply and demand—a relation which, as an English economist says, hovers over the earth like the fate of the ancients, and with invisible hand allots fortune and misfortune to men, sets up empires and overthrows empires, causes nations to rise and to disappear—while with the abolition of the basis of private property, with the communistic regulation of production (and implicit in this, the destruction of the alien relation between men and what they themselves produce), the power of the relation of supply and demand is dissolved into nothing, and men get exchange, production, the mode of their mutual relation, under their own control again?”

NationsFateCapitalismEconomicsTradeCommunismEmpiresAlienationSupply And DemandProductionInvisible HandExchangeEconomiesGlobal Trade
Book:The German Ideology / Theses on Feuerbach / Introduction to the Critique of Political Economy
Create image

“From the perspective of society as a whole, there is no fixed or objective need aside from those broad categories required for survival. Rarely, if ever, is there a fixed quantity or definite quality demanded. This is why the needs of individuals are best met by other individuals according to supply, demand, and the price mechanism. And this is why most of the needs of individuals cannot be met only by central government.”

QuantityHendrith SmithPermaculture EconomyPermaculture EconomicsSupply And DemandSupply Chain ManagementPrices
Book:Principles of a Permaculture Economy
Create image

“Only producers constitute a market - only men who trade products and services for products and services. In the role of producers, they represent a market’s supply; in the role of consumers, they represent a market’s demand. The law of supply and demand has an implicit subclause: that it involves the same people in both capacities. When this subclause is forgotten, ignored or evaded - you get the economic situation of today. The man who consumes without producing is a parasite, whether is a welfare recipient or a rich playboy”

ProducersConsumersWelfarePlayboyWelfare StateMarket EconomyMarketSupply And DemandParasite
Book:Philosophy: Who Needs It
Create image

“In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law - as, for instance, when I see two engineers leaving college together and both equally well trained and efficient, and one getting forty thousand while the other only earns two thousand , or when lawyers and hussars, possessing no special qualifications, are appointed directors of banks with huge salaries - I can only conclude that their salaries are not fixed according to the law of supply and demand but simply by personal influence. And this is an abuse important in itself and having a deleterious effect on government service.”

GovernmentEconomicsSupply And DemandTolstoyAnna KareninaSalaries
Book:ANNA KARENINA
Create image

“What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it. Add to that the march of technological innovation (like the green revolution, birth control, etc.). The end result: markets figure out how to deal with problems of supply and demand.”

ScienceEconomicsOilDoomsdaySupply And Demand
Author:Steven D. Levitt
Create image

“Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.”

EconomicsIndustrial RevolutionEconomics PhilosophySupply And Demand
Book:Born to Rebel: The Life of Harriet Boyd Hawes
Create image

“Surely little remained of the Puritan legacy of prudish rectitude, he thought: surely this was now a country of excess, gluttony, lust, and sloth; surely this had grown into a land where obesity reigned and even the poor moved ponderously down the street on big thighs that rubbed fatly together. What had become of the pilgrims' gaunt and stingy oversight? He knew in part it was the visionary genius of enterprising men, but such entrepreneurs were only the tools of a hungry culture. For the descendants of those gray, upright pioneers had cherished cravings for beef patties with ketchup, deep-fried chicken and vats of ice cream, chemically scented and dyed all the colors of the rainbow, and billions upon billions of gallons of soda. Their thirst had never been quite slaked and so they never finished drinking; and this was the market in all its streamlined functionality—which, precisely where the supply and the demand curves crossed, had swiftly produced a nation of paralyzed giants, fallen across their couches much as soldiers on the field of battle, their arteries hard, their softened hearts failing. The market made a fool of you by giving you what you wanted. But this did not make him resent it; it merely earned his respect. From the day you were born you were called upon to discern what to choose.”

AmericaExcessRestraintMarketsGluttonyJunk FoodEntrepreneursSupply And DemandPuritanism
Book:How the Dead Dream
Create image

“With no VCRs or MTV in 1975, the 'Bohemian Rhapsody' video was the most expensive TV viewing in history. For the song's nine-week reign at UK number one, every fan who desperately wanted to see that mind-blowing 'promotional film' just one more time had to cast their vote by buying the single again and again, thereby forcing the mandatory Top of the Pops re-broadcast of the UK's number one song.”

QueenMtvSupply And DemandMusic HistoryGlam RockBohemian RhapsodyFreddie MercuryVideo RecordingMusic VideoTop Of The Pops
Author:Stewart Stafford
Create image

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

OrderUnderstandingPerfectProgressEconomicInformationTheoryKeysDemandEconomicsCompetitionRewardsPunishmentInvisibleNoiseDisorderAdamSpontaneousEquilibriumHeirsSupply And DemandReward And PunishmentEconomic ProgressDisequilibriumPerfect Competition
Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
Create image

“Variable but forecastable renewables (wind and solar cells) are very reliable when integrated with each other, existing supplies and demand. For example, three German states were more than 30 percent wind-powered in 2007 - and more than 100 percent in some months. Mostly renewable power generally needs less backup than utilities already bought to combat big coal and nuclear plants' intermittence.”

NeedsStatesBigsThreeExampleWindMonthsDemandPercentPlantNuclearCellsCombatCoalUtilityIntegratedSuppliesVariablesBackupSupply And DemandNuclear PlantsSolar Cells
Author:Amory Lovins
Create image

“The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.”

Has BeensPoliticalOpinionEconomySourceDependsDemandErrorsProportionCommodityAxiomsPolitical EconomySupply And Demand
Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch
Create image

“One of the great things about a free market is that it's inherently and indefatigably Darwinistic. Left to its own devices, a free market will eventually weed out the stupid from both 'ends' of the food chain otherwise described as supply and demand. As money is liberated from the hands of the stupid, those who would sell products or services to the stupid will eventually lose their share of the marketplace. Devoid of any 'benevolent' interference from government, the process is gloriously relentless, and cannot help but yield a successively smarter class of participants.”

EndsHelpingHandsGovernmentLeftProcessLosesClassShareStupidProductsDemandSellsGreat ThingsChainsDevicesYieldWeedSmarterFree MarketMarketplaceRelentlessLiberatedInterferenceParticipantsBenevolentFood ChainSupply And Demand
Author:Edward Britton
Create image

“the time to grant anybody a favor is the day the favor is asked, for that day is the one psychological moment of the world when supply and demand are keyed exacty to each other's limits, and can be mated beatifically to grow old, or die young, together. But after that day -- !”

WorldMomentsTogetherYoungDiesGrowsDemandLimitsFavorsPsychologicalGrantsDie YoungSupply And Demand
Book:The Sick-a-bed Lady: And Also Hickory Dock, The Very Tired Girl, The Happy-day, The Runaway Road, Something that Happened in October, The Amateur Lover, Heart of the City, The Pink Sash, Woman's Only Business
Create image

“Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.”

PeopleIfsNeedsYearsPersonsMomentsCan DoBrainCasesCryMonthsDrugSkillsDemandResourcesMiracleShameAssumingOperationsAcquireExpensiveWealthySurgerySurgeonsScarceWithin ReachSupply And DemandBrain SurgeryScarce Resources
Author:Leonard Read
Create image

“Ugh, puppy mills. These commercial breeding facilities are horrendous. The animals are kept in tiny wire cages, with little to no human interaction throughout their lives. They are rarely, if ever, seen medically and are forced to breed over and over again and watch as their babies are taken away from them and sold to pet stores. It is a supply-and-demand business, so the more people stop going to pet stores and choose to adopt instead, the quicker we can put an end to these puppy mills.”

PeopleIfsHumansLittlesEndsAnimalWatchesTakenBabyDemandStoresTinyPetInteractionCagesWireFacilityPuppyBreedingMillsUghSupply And Demand
Author:Beth Ostrosky Stern
Create image

“We need each other to do things that we can't do for ourselves. If we are intimately connected with each other, we just give things to each other; if we don't know each other we find another way to handle it. If you think about it, each according to his or her abilities and each according to his or her needs is sort of the same thing as supply and demand.”

IfsThinkingKnowsWayNeedsGivingAbilityDemandConnectedHandleAnother WaySupply And DemandWe Need Each Other
Author:David Graeber
Create image

“[Wise men] have tried to understand our state of being, by grasping at its stars, or its arts, or its economics. But, if there is an underlying oneness of all things, it does not matter where we begin, whether with stars, or laws of supply and demand, or frogs, or Napoleon Bonaparte. One measures a circle, beginning anywhere.”

IfsMenDoeArtMatterStatesLawStarsWiseDemandEconomicsAll ThingsCirclesOnenessFrogsGraspingSupply And DemandBonaparte
Book:Lo!
Create image