Elasticities Of Demand Quotes & Sayings

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

You think those cats care? You think other animals watch each other go at it and it does something for them?"
"Like cat-porn. — Richard House

A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry
described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition." — Matthew Rabin

It never takes longer than a few minutes, when they get together, for everyone to revert to the state of nature, like a party marooned by a shipwreck. That's what a family is. Also the storm at sea, the ship, and the unknown shore. And the hats and the whiskey stills that you make out of bamboo and coconuts. And the fire that you light to keep away the beasts. — Michael Chabon

However romantically ill John might look, it seemed that he had nothing worse than an unromantic cold. — Barbara Pym

It's so weird to have someone tell you you're sick when you feel really healthy and good. — Julia Sweeney

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

Only a loyal, determined struggle to destroy cultural aggression and bring out the truth, whatever it may be, is revolutionary and consonant with real progress; it is the only approach which opens on to the universal. Humanitarian declarations are not called for and add nothing to real progress. — Cheikh Anta Diop

The stronger a brand's point of view, the greater its voltage. — Ben Richards