Economic Demand Quotes & Sayings

Economic history shows us a continual increase in the demand for money. The characteristic feature of the development of the demand for money is its intensification; the growth of division of labour and consequently of exchange transactions, which have constantly become more and more indirect and dependent on the use of money, have helped to bring this about, as well as the increase of population and prosperity. — Ludwig Von Mises

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange. — Robert A. Heinlein

The problem is that people have tried to look away from space and from the meaning of the moon landing. I remember seeing a picture of an astronaut standing on the moon. It was up at Yale and someone has scrawled on it, 'So what?' That is the arrogance of the kind of academic narrowness one too often sees; it is trapped in its own predictable prejudices, its own stale categories. It is the mind dulled to the poetry of existence. It's fashionable now to demand some economic payoff from space, some reward to prove it was all worthwhile. Those who say this resemble the apelike creatures in 2001. They are fighting for food among themselves, while one separates himself from them and moves to the slab, motivated by awe. That is the point they are missing. He is the one who evolves into a human being; he is the one who understands the future. — Joseph Campbell

If challenges within this Global Economic sphere are not addressed, we risk having the same populace that celebrated the collapse of communism, or their future generations, rising up to demand that we go back to communistic approaches to the economy. Rising national debt of global powers, the growing gap between the rich and poor and the ripple effects of related threats, remain a challenge for the global economy. Will you be one of the leaders who have a unique mission with part of the illusive answers? Will you help more people rise to a better educational and economic status? — Archibald Marwizi

Need is not demand. Effective economic demand requires not merely need but corresponding purchasing power. — Henry Hazlitt

The capitalist empires, with their affirmations of sacrifice for the free world, of defence of private enterprise, of safeguarding order from subversion and chaos, are in fact defending their political prestige and the economic interests arising from it; they are indeed at the service of economic power and the international trusts. The socialist empires for their part are hard and intransigent, they do not allow pluralism, they impose dialectical materialism, demand blind obedience to the party, set up a regime of total and permanent insecurity and fear, just like the fascist dictatorships of the extreme right. — Helder Camara

Even if the constants which economists wish to determine were less numerous, and the method of experiment more accessible, we should still be faced with the fact that the constants themselves are different at different times. The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. The constitution of the atom, as it were, and not merely its position, changes under the influence of environment. — Arthur Cecil Pigou

The United Nations, he told an audience at Harvard University, 'has not been able-nor can it be able-to shape a new world order which events so compellingly demand.' ... The new world order that will answer economic, military, and political problems, he said, 'urgently requires, I believe, that the United States take the leadership among all free peoples to make the underlying concepts and aspirations of national sovereignty truly meaningful through the federal approach.' — Nelson Rockefeller

[P]olitical freedom can easily provide the legal frame for economic slavery, with the underprivileged 'freely' selling themselves into servitude. We are thus brought to demand more than just political democracy: we need democratization of social and economic life. In short, we have to admit that what we first took as the failure fully to realize the noble principle of democratic freedom is a failure inherent to this principle itself. Learning how the distortion of a notion, its incomplete realization, is grounded in the distortion immanent to this notion is a big step in political education. — Slavoj Zizek

The slave trade was not controlled by any state or government. It was a purely economic enterprise, organised and financed by the free market according to the laws of supply and demand. Private slave-trading companies sold shares on the Amsterdam, London and Paris stock exchanges. Middle-class Europeans looking for a good investment bought these shares. Relying on this money, the companies bought ships, hired sailors and soldiers, purchased slaves in Africa, and transported them to America. There they sold the slaves to the plantation owners, using the proceeds to purchase plantation products such as sugar, cocoa, coffee, tobacco, cotton and rum. — Yuval Noah Harari

Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith

Sometimes we understand what is going on. But sometimes it is impossible to figure out why rising demand does not result in better performance. The innovator, therefore, need not always try to understand why things do not work as they should. He should ask instead: 'What would exploit this incongruity? What would convert it into an opportunity? What can be done?' Incongruity between economic realities is a call to action. Sometimes the action to be taken is rather obvious, even though the problem itself is quite obscure. And sometimes we understand the problem thoroughly and yet cannot figure out what to do about it. — Peter F. Drucker

This figuring-out step is crucial, since overly optimistic economic models have often assumed that demand and incentives are enough to stimulate the production of any product. Incentives work to motivate intermediaries and traders, but makers, who are the ones that provide the substance of what is traded, need more than an incentive to make something. They need to know how to do it. — Cesar Hidalgo

The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations. — William Greider

At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses. — Karl Liebknecht

But public works, economic protectionism, cheap money, 'deficit-financed government spending,' and 'the animal spirits of the spendthrift' in the service of boosting 'consumption demand' ... Doesn't Keynesianism simply appeal to the worst in human nature? — Ilana Mercer

When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community. — Ludwig Von Mises

The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. Prosperity ends in a crisis. The era of optimism dies in the crisis, but in dying it gives birth to an era of pessimism. This new era is born, not an infant, but a giant; for an industrial boom has necessarily been a period of strong emotional excitement, and an excited man passes from one form of excitement to another more rapidly than he passes to quiescence. Under the new error, business is unduly depressed. — Arthur Cecil Pigou

Where affluence is the rule, the true threat is the loss of desire.(...) What is new is not that prosperity depends on stimulating demand. It is that it cannot continue without inventing new vices. — John Gray

This understanding, underlying constitutional interpretation since the New Deal, reflects the Constitution's demands for structural flexibility sufficient to adapt substantive laws and institutions to rapidly changing social, economic, and technological conditions. — Stephen Breyer

I think it's a little early to tell what the economic impact will be. This year our cattle prices have been particularly high. The demand for beef has remained strong in this country, even though there was the single find in Canada earlier this year. — Ann Veneman

Some innovations just don't attract enough economic or social demand: just as supersonic flight and manned space flight stagnated after the 1970s, today (in 2002) the potentialities of broadband (G3) technology are being taken up rather slowly because few people want to surf the Internet or watch movies from their mobile phones. — Martin J. Rees

Look back over the last hundred years and you'll see the pattern. During periods when the very rich took home a much smaller proportion of total income - as in the Great Prosperity between 1947 and 1977 - the nation as a whole grew faster, and median wages surged. The basic bargain ensured that the pay of American workers coincided with their output. In effect, the vast middle class received an increasing share of the benefits of economic growth. We created that virtuous cycle in which an ever-growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats. On the other hand, during periods when the very rich took home a larger proportion - as between 1918 and 1933, and in the Great Regression from 1981 to the present day - growth slowed, median wages stagnated, and we suffered giant downturns. — Robert B. Reich

Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low. — Salva Kiir Mayardit

Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all. — Ludwig Von Mises

I, the British Empire began as a primarily economic phenomenon, its growth powered by commerce and consumerism. The demand for sugar drew merchants tot he carribean. British were not the first Empire builders. They were IMERIAL IMMITATORS! — Niall Ferguson

I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply. — David Plotz

What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak ... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come. — Chris Anderson

Modern technology easily becomes the servant of this or that want and need. In modern economy, a completely irrational consumption conforms to a totally rationalized production. A marvelously rational mechanism serves one or another demand, always with the same earnestness and precision, be it for a silk blouse or poison gas or anything whatsoever. Economic rationalism has accustomed itself to deal only with certain needs and to acknowledge only those it can "satisfy." In the modern metropolis, it has erected an edifice wherein everything runs strictly according to plan - everything is calculable. A devout Catholic, precisely following his own rationality, might well be horrified by this system of irresistible materiality. — Carl Schmitt

I come from the school of thought that says when people have more money in their pocket during economic times, it increases demand or investment. Small businesses begin to grow, and jobs are added. — George W. Bush

My research shows that improving the quality of education is a cost-free way to raise prosperity. it's cost-free because it reinforces so many of the other things we need to keep the virtuous cycle rolling that, ultimately, the increase in economic benefits far outstrips the cost of the investment. Education brings more people into the comfort zone of higher income, which increases trust, then causes people to demand better government, which further increases the trust, which further reduces inequality, which increases the pool of those who will get a good education. — Paul J. Zak

Overconsumption is a "cancer eating away at our spiritual vitals." It cuts the heart right out of our compassion. It distances us from the great masses of broken bleeding humanity. It converts us into materialists. We become less able to ask moral questions. For example, just because we have the economic muscle to buy up vast amounts of the world's oil, does that give us the right to do so? When the poor farmer of India is unable to buy a gallon of gasoline to run his simple water pump because the world's demand has priced him out of the market, who is to blame? — Richard J. Foster

A creative mindset is in increasingly high demand: employers are vying for workers who are able to dream big and deliver big with the next must-have product. Creative thinking fuels innovation, it leads to new goods and services, creates jobs and delivers substantial economic rewards. — Jim Hunt

Normally, when you challenge the conventional wisdom - that the current economic and political system is the only possible one - the first reaction you are likely to get is a demand for a detailed architectural blueprint of how an alternative system would work, down to the nature of its financial instruments, energy supplies, and policies of sewer maintenance. Next, you are likely to be asked for a detailed program of how this system will be brought into existence. Historically, this is ridiculous. When has social change ever happened according to someone's blueprint? It's not as if a small circle of visionaries in Renaissance Florence conceived of something they called "capitalism," figured out the details of how the stock exchange and factories would someday work, and then put in place a program to bring their visions into reality. In fact, the idea is so absurd we might well ask ourselves how it ever occurred to us to imagine this is how change happens to begin. — David Graeber

The great danger in the South comes precisely from the fact that the public is not informed. Newspapers shirk notoriously their editorial responsibilities and print what they think their readers want. They lean with the prevailing winds and employ every fallacy of logic in order to editorialize harmoniously with popular prejudices. They also keep a close eye on possible economic reprisals from the Councils and the Klans, plus other superpatriotic groups who bring pressure to bear on the newspapers' advertisers. In addition, most adhere to the long-standing conspiracy of silence about anything remotely favorable to the Negro. His achievements are carefully excluded or, when they demand attention, are handled with the greatest care to avoid the impression that anything good the individual Negro does is typical of his race. — John Howard Griffin

Global poverty is a complex web of interlinked problems. There is no one 'silver bullet' that will solve global inequality. Multiple contributing factors must be tackled in parallel. Yes, education alone is unlikely to lead to employment without economic reform to address the demand side in much of the developing world. — Adam Braun

It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time. — John Maynard Keynes

Humanity's current demand for energy is fundamentally unsustainable. The only feasible choice is to conduct a massive downscaling of all economic, industrial, and political operations. A decentralized, autonomous, and locally-based energy infrastructure is ultimately the only sustainable option. — Stacy Pettigrew

The man who knows that nothing in demand is out of production soon expects that nothing produced can be out of demand. Not to go where one can go would be subversive. It would unmask as folly the assumption that every satisfied demand entails the discovery of an even greater unsatisfied one. Not to produce what is possible would expose the law of "rising expectations" as a euphemism for a growing frustration gap, which is the motor of a society built on the co-production of services and increased demand. — Ivan Illich

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. — George Gilder

A large country with such outstanding economic performance as Germany cannot forget that it owes some of its success to demand from other European countries. — Francois Hollande

To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of supply and demand. If the supply of any good is insufficient, and its price is too high, then demand for that good should decrease, which should lead to a decline in its price. In other words, if real estate and oil prices rise, then people should move to the country or take to traveling about by bicycle (or both). Never mind that such adjustments might be unpleasant or complicated; they might also take decades, during which landlords and oil well owners might well accumulate claims on the rest of the population so extensive that they could easily come to own everything that can be owned, including rural real estate and bicycles, once and for all.3 As always, the worst is never certain to arrive. It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar. — Thomas Piketty

A careful regulation of the economic impulses of society was considered as essential to man's spiritual welfare as it was to his material well-being. There was a righteous price in commerce, based on considerations of morality, as well as an economic price, reflecting the laws of supply and demand. — Lacey Baldwin Smith

Research suggests that large divisions of income and wealth weaken demand and generate economic imbalances that create instability and undermine growth. — Victor Ponta

In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo. — Niall Kishtainy

The paramount question of the day is not political, is not religious, but is economic. The crying-out demand of today is for a circle of principles that shall forever make it impossible for one man to control another by controlling the means of his existence. — Voltairine De Cleyre

Objectivity is a peculiar demand to make of institutions which, as business corporations, are dedicated first of all to economic survival. It is a peculiar demand to make of institutions which often, by tradition or explicit credo, are political organs. It is a peculiar demand to make of editors and reporters who have none of the professional apparatus which, for doctors or lawyers or scientists, is supposed to guarantee objectivity. — Michael Schudson

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world. — Ma Jun

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices. — Kurt Eichenwald

But please remember, that in 1991 in the Seym [lower chamber of polish parliament] I didn't demand the abolishment of Special Economic Zones. I demanded the creation of a single Special Economic Zone - which would encompass the whole country! — Janusz Korwin-Mikke

I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law? — Robert Anton Wilson