Quotes About Markets

Lo admirable de los mercados es que logran conciliar las preferencias de una multitud de individuos distintos. WILLIAM EASTERLY

As in the past, therefore, eastern Europeans have had to compete with the West on a markedly uneven playing field, lacking local capital and foreign markets and able to export only low-margin foods and raw materials or else industrial and consumer goods kept cheap thanks to low wages and public subsidy.

Labour markets, meanwhile, are becoming biased towards a limited range of technical skill sets, and globally connected digital platforms and marketplaces are granting outsized rewards to a small number of "stars".

Open markets offer the only realistic hope of pulling billions of people in developing countries out of abject poverty, while sustaining prosperity in the industrialized world.

What exactly was it about Egypt that encouraged women rulers to set their caps so high? The historian Herodotus proposed that things were just different there: 'The people, in most of their manners and customs, exactly reverse the common practice of mankind. For example women attend the markets and trade, while men sit at home at the loom..., Women urinate standing up, men sitting down....

An economics of systems only-an economics of markets but not of men-is fatally flawed.

The Newtonian scheme became an illusion of determinism in a tempestuous world of human actions. Economists became preoccupied with mechanical models of markets and uninterested in the willful people who inhabit them.

We need to maintain law and order. We need to maintain peace in the world. We need to protect the environment. We need to have some degree of social justice, equality of opportunity. The markets are not designed to take care of those needs. That's a political process. And the market fundamentalists have managed to reduce providing those public goods.

There are a million ways to make money in the markets. The irony is that they are all very difficult to find.

There's whole television stations, magazines, organizations devoted to analyzing every up-and-down twist and turn, IPO, everything that happens in the formal economy. And yet the informal economy, these black and gray markets, actually make up for almost half of the global economy. And there's so little information that we have about them.

The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets.

The biggest markets for my books outside the UK are France and Italy, and those are the two countries where I also have the closest personal relationships with my translators - I don't know whether that's a coincidence, or if there's something to be learned from it.

From better access to American markets for our beef and lamb farmers, to cutting tariffs on dairy products like cheese, which are up to 17 per cent, there are significant opportunities for UK farming.

Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.

We are reaching a stage where the source of food has become markets and supermarkets. On a sub-conscious level, we are becoming unaware of the original source, which is land.

Contrary to the received wisdom, global markets are not unregulated. They are regulated to produce inequality.

The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.

One of the appeals of markets, as a public philosophy, is they seem to spare us the need to engage in public arguments about the meaning of goods. So markets seem to enable us to be non-judgmental about values. But I think that's a mistake.

For too long, great food has really only been available in high-end restaurants and specialty food markets, but Chipotle is making the same gourmet quality food available and affordable so everyone can eat better.

The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.

Gambling is entertainment... Financial markets, what one often refers to as speculation, is really the force by which we move capital to the best and highest use.

Antagonistic cooperation is the principle of all markets and many marriages.

You may have envisioned half a dozen potential markets for your product, but as soon as you open your doors, one just explodes from the pack and becomes so instantly important that good business sense dictates that you abandon the others and concentrate all your efforts.

British Empire acted as an agency for imposing free markets, the rule of law, investor protection and relatively incorrupt government on roughly a quarter of the world.