Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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Honor sinks where commerce long prevails.
Honor sinks where commerce long prevails.
Business is more exciting than any game.
Business is more exciting than any game.
Only little people pay taxes.
Only little people pay taxes.
Avarice has ruined more souls than extravagance.
Avarice has ruined more souls than extravagance.
People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. read more
People don't have fortunes left them in that style nowadays; men have to work and women to marry for money. It's a dreadfully unjust world.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
There is no expedient to which a man will not resort to avoid the real labor of thinking.
There is no expedient to which a man will not resort to avoid the real labor of thinking.
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
If you're not serving the customer, you'd better be serving someone who is.
If you're not serving the customer, you'd better be serving someone who is.
