Quotes About Merchants

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.

Should you speak to a man who understands commerce, he will tell you that the everyday business transacted by merchants would be absolutely impossible were it not based on mutual confidence. The habit of keeping his word, the desire not to lose his credit, amply suffice to maintain this relative honesty.

Commerce is a core component of pretty much any successful society.

Curbside is primed to fundamentally change the way people shop - by creating a seamless way for consumers to access products from local merchants - by successfully developing complex location and inventory technology.

Islam in India began not with the political conquest of India by Mahmud of Ghazni but much earlier, when the Muslims entered India not as conquerors but as merchants

bazaar shoppers who wear dark glasses in order to hide their level of interest from merchants.

fairness concerns are economically significant, a fact we had suspected but did not prove. Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales. People who learned from a new catalog that the merchant was now charging less for a product that they had recently bought at a higher price reduced their future purchases from that supplier by 15%, an average loss of $90 per customer.

In the late fifteenth and early sixteenth centuries, the English had been among the pioneers of Atlantic exploration, but during the long reign of Henry VIII (Queen Elizabeth's father) merchants and mariners had turned away from distant horizons and focused instead on opportunities nearer to home, trading with Europe and countries bordering the Mediterranean Sea. Other

If our political leaders are to be always a lot of political merchants, they will supply any demand we may create. All we have to do is to establish a steady demand for good government.

When we were associated with eBay, it was surprising to me how many merchants were very reluctant to work with PayPal because we were accessing their data and their information, and they felt in some way, shape, or form they were competing with eBay.

The Meccan merchants had met Christian monks and hermits during their travels, and were familiar with the stories of Jesus and the concepts of Paradise and the Last Judgment. They called Jews and Christians the ahl al-kitab ("the People of the Book"). They admired the notion of a revealed text and wished they had sacred scripture in their own language.

Only merchants have money to waste, and what are they but parasites who create nothing, grow nothing, make nothing but feed off another's labor?

The idea of a joint stock company was one of Tudor England's most brilliant and revolutionary innovations. The spark of the idea sprang from the flint of the medieval craft guilds, where merchants and manufacturers could pool their resources to undertake ventures none could afford to make individually.

A body of merchants had been transformed into the de facto sovereign rulers of much of northern India. As one contemporary observer put it: 'Through many unexpected contingencies, an incorporated society of private traders [has become] a cabinet of Asiatic princes.'65 The result was what Adam Smith would call 'a strange absurdity' – a Company State.66

There was a particular hostility to anything that smacked of price-fixing. One much-repeated story held that the Prophet himself had refused to force merchants to lower prices during a shortage in the city of Medina, on the grounds that doing so would be sacrilegious, since, in a free-market situation, "prices depend on the will of God.

Muslim ethicists did often enjoin merchants to drive a hard bargain with the rich so they could charge less, or pay more, when dealing with the less fortunate.88

Still, the ground was only really prepared for capitalism in the familiar sense of the term when the merchants began to organize themselves into eternal bodies as a way to win monopolies, legal or de facto, and avoid the ordinary risks of trade.

This despite the fact that Confucian orthodoxy was overtly hostile to merchants and even the profit motive itself. Commercial profit was seen as legitimate only as compensation for the labor that merchants expended in transporting goods from one place to another, but never as fruits of speculation. What this meant in practice was that they were pro-market but anti-capitalist.

We are selling dreams. We are merchants of happiness.

Several of the gates were cautiously opened; the importation of provisions from the river and the adjacent country was no longer obstructed by the Goths; the citizens resorted in crowds to the free market, which was held during three days in the suburbs; and while the merchants who undertook this gainful trade made a considerable profit, the future subsistence of the city was secured by the ample magazines which were deposited in the public and private granaries.

And in 1694, the last year of his life, he was allowed to see one thing more. In that year, after much discussion, the city of London gained a new institution. Financed by a number of prominent London merchants, it was a joint stock bank. Its function was to finance long-term government debt by issuing bonds on which interest was payable. They called it the Bank of London.

The hungry Judges soon the sentence sign,   And wretches hang that jury-men may dine;   The merchant from th' Exchange returns in peace,   And the long labours of the Toilet cease.   Belinda now, whom thirst of fame invites, 25   Burns to encounter two advent'rous Knights

Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

The increasing importance of Sydney must in some measure be attributed to the flourishing condition of the colony itself, to the industry of its farmers, to the successful enterprise of its merchants, and to particular local causes.