Share this sentence
— L. Neil Smith"Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process."
Discover more quotes
Previous Quote
The unphilosophical and philosophical attitudes can be very sharply distinguished (with scarcely any intermediate forms) by the fact that the first accepts everything that happens as regards its general form, and finds occasion for surprise only in that special content by which something that happens here today differs from what happened there yesterday; whereas for the second, it is precisely the common features of all experience, such as characterise everything we encounter, which are the primary and most profound occasion for astonishment.
— Erwin Schrodinger
Next Quote
You know, this country today, it seems to me - it's about fear. And it shouldn't be about fear. It should be about hope and optimism and creativity and accepting a challenge and being a moral leader and being a great nation.
— Tom Vilsack
Loading recommended content...