Quotes & Sayings About Law Of Supply And Demand

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. — Leo Tolstoy

Be yourself on stage. Nobody else can be you and you have the law of supply and demand covered. — Bill Hicks

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

People are always trading their excess for somebody else's excess. One country has a lot of aluminum so they trade aluminum for sugar. It's the law of supply and demand. — Carl Andre

As demand for cotton grew, slavery was considered indispensable as a means of maximizing profit for this labor-intensive staple crop. Equally important, as we shall see, slaves could be financed - that is, purchased on credit. In financial parlance this is called leverage. Planters had one objective: increased cotton production. Arguments about the optimum size of a cotton farm are irrelevant because of slavery's financing characteristic. Simply put, the goal was more cotton, which called for financing the purchase of more land and more slaves. Because a mechanical means of solving cotton's production needs did not exist until the mid-twentieth century, cotton demanded an endless supply of black bodies as long as the price of cotton permitted financing. The Northerner Frederick Law Olmsted, — Gene Dattel

Artistic inspiration ignores the law of supply and demand. — Mason Cooley

Obedience makes our heart receptive to what God has already done. It doesn't move Him; His heart is always aflame toward us. Generally, this revelation is not taught correctly by well-meaning ministers. The incorrect way that obedience is taught causes people to be overly-introspective, obsessing over their inadequacies and failures. It breeds SELF-ESTEEM issues instead of promoting CHRIST-ESTEEM wholeness. It breeds a destructive DEMAND-CONSCIOUSNESS (law) instead of a liberating SUPPLY-CONSCIOUSNESS (grace). — Brian Williams

From Adam Smith's pin factory to Moore's Law of microchips, the division of labor drives the extension of the market, not the other way around. Supply creates its own demand through the proliferation of goods and services down the curves of learning, entropy, and imagination. — George Gilder

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. — Harriet Boyd Hawes