Quotes About Markets

If you look at some of the smaller capital markets in Asia, when they want funding, they either come here to Hong Kong or they go to California, the mecca of the Internet, because they can capture the liquidity and then move on and do what they want to do, which is develop a business.

America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.

Madison, Deborah. Local Flavors: Cooking and Eating from America's Farmer's Markets (New York: Broadway Books, 2002). Nabhan

It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.

I love vintage shopping in flea markets, vintage stores and even Ebay.

I love free trade. I love the concept of free trade. Everything about it is good. I went to the Wharton School of Finance. They say, Let's go free trade.

I love working in the markets, I love working with fabric. So I'm not that conditioned to one thing.

The progress of markets and wealth in the past centuries has eliminated many aspects of day-to-day early American life that strike us today as tyrannical, from the sharp distinctions of rank, the religion-based social control in the towns, and of course the most prominent stain on America's libertarian heritage, the status of blacks and women.

Those with a broader view—investors who recognize that the world has changed considerably since Markowitz first enunciated his theory—can reap even greater protection because the movement of foreign economies is not always synchronous with that of the U.S. economy, especially those in emerging markets.

Nature does not guarantee that socialism will follow on the heels of capitalism. There are many different futures implicit in the present, some of them a lot less attractive than others...[T]hough the future may turn out to be a great deal worse than the present, the one thing about it is that it will be very different. One reason why the financial markets blew up a few years ago was because they relied on models that assumed the future would be very like the present.

And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.

What we need is much more flexibility for the labour markets.

Despite Labour's achievements in government, we were too often seen as champions for global capital markets, which worked for bankers but did not seem to be delivering for the rest of Britain.

Markets go up not because there is abundance of buyers, but because there is a lack of sellers.

the role of managing fictitious commodities places the state inside three of the most important markets; it becomes utterly impossible to sustain market liberalism's view that the state is "outside" of the economy.

If you do bother, you will set an example for other people. If enough other people bother, each one influencing yet another in a chain reaction of behavioral change, markets for all manner of green products and alternative technologies will prosper and expand.

As our emerging self-portrait makes clear, we are motivated by far more than cost and price. So instead of turning first to markets to mediate our social and ecological relationships, the twenty-first-century economist would be wise to start by asking what social dynamics are already in play. What are the values, heuristics, norms and networks that currently shape human behaviour—and how could they be nurtured or nudged, rather than ignored and eroded?

Demurrage may seem quite alien to modern financial markets, but it is not so far removed from negative interest rates, which effectively charge those who are holding money in savings.

In markets, you gain leverage by your power to walk away. Inside organizations, you gain leverage by having control over key items such as resources, decisions, budgets, information, and the like.

If the markets had behaved badly, that would obviously add to people's sense of alarm... but there has been a lot of reassurance coming, particularly in the way the Brits handled all this. There seems to be no great fear that something like that is going to happen here.

First, altruism and morality generally are consumption goods like any other, so we should expect people to buy more altruism when the price is low.34 Second, due to the low probability of decisiveness, the price of altruism is drastically cheaper in politics than in markets.35 Voting to raise your taxes by a thousand dollars when your probability of decisiveness is 1 in 100,000 has an expected cost of a penny.

In the minds of many, one of Winston's Churchill's most famous aphorisms cuts the conversation short: "Democracy is the worst form of government, except all those other forms that have been tried from time to time."10 But this saying overlooks the fact that the governments vary in scope as well as form. In democracies the main alternative to majority rule is not dictatorship, but markets.

After all their investigations, though, economists typically conclude that the man in the street—and the intellectual without economic training—underestimates how well markets work.12 I maintain that something quite different holds for democracy: it is widely over-rated not only by the public but by most economists too. Thus, while the general public underestimates how well markets work, even economists underestimate markets' virtues relative to the democratic alternative.

It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.