Markets Quotes

Quotes tagged as "markets" Showing 1-30 of 94
Wendell Berry
“In a society in which nearly everybody is dominated by somebody else's mind or by a disembodied mind, it becomes increasingly difficult to learn the truth about the activities of governments and corporations, about the quality or value of products, or about the health of one's own place and economy.
In such a society, also, our private economies will depend less and less upon the private ownership of real, usable property, and more and more upon property that is institutional and abstract, beyond individual control, such as money, insurance policies, certificates of deposit, stocks, and shares. And as our private economies become more abstract, the mutual, free helps and pleasures of family and community life will be supplanted by a kind of displaced or placeless citizenship and by commerce with impersonal and self-interested suppliers...
Thus, although we are not slaves in name, and cannot be carried to market and sold as somebody else's legal chattels, we are free only within narrow limits. For all our talk about liberation and personal autonomy, there are few choices that we are free to make. What would be the point, for example, if a majority of our people decided to be self-employed?
The great enemy of freedom is the alignment of political power with wealth. This alignment destroys the commonwealth - that is, the natural wealth of localities and the local economies of household, neighborhood, and community - and so destroys democracy, of which the commonwealth is the foundation and practical means.”
Wendell Berry, The Art of the Commonplace: The Agrarian Essays

David Graeber
“[A] great embarrassing fact… haunts all attempts to represent the market as the highest form of human freedom: that historically, impersonal, commercial markets originate in theft.”
David Graeber, Debt: The First 5,000 Years

Pooja Agnihotri
“Your business idea can wait but don’t enter a market without enough expertise and experience.”
Pooja Agnihotri, 17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure

Noam Chomsky
“In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you’ve taken an economics course, you know that markets are supposed to be based on informed consumers making rational choices. You take a look at the first ad you see on television and ask yourself … is that it’s purpose? No it’s not. It’s to create uninformed consumers making irrational choices. And these same institutions run political campaigns. It’s pretty much the same: you have to undermine democracy by trying to get uninformed people to make irrational choices.”
Noam Chomsky, The Kind of Anarchism I Believe in, and What's Wrong with Libertarians

Pooja Agnihotri
“If you think your products are infallible, you will never figure out ways to make them better.”
Pooja Agnihotri, 17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure

Charles Wheelan
“A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives.”
Charles Wheelan, Naked Economics: Undressing the Dismal Science

Andrei Codrescu
“It is the job of the market to turn the base material of our emotions into gold.”
Andrei Codrescu, Zombification: Stories from National Public Radio

Murray Bookchin
“Liberalism offered the individual a modicum of "freedom," to be sure, but one that was constructed by the "invisible hand" of the competitive marketplace, not by the capacity of free individuals to act according to ethical considerations. The "free entrepreneur" on whom liberalism modeled its image of individual autonomy was in fact completely trapped in a market collectivity, however "emancipated" he seemed from the overtly medieval world of guilds and religious obligations. He was the plaything of a "higher law" of market interactions based on competing egos, each of whom canceled out his egoistic interests in the formation of a general social interest.”
Murray Bookchin, Remaking Society

Meredith Mileti
“We've been here three days already, and I've yet to cook a single meal. The night we arrived, my dad ordered Chinese takeout from the old Cantonese restaurant around the corner, where they still serve the best egg foo yung, light and fluffy and swimming in rich, brown gravy. Then there had been Mineo's pizza and corned beef sandwiches from the kosher deli on Murray, all my childhood favorites. But last night I'd fallen asleep reading Arthur Schwartz's Naples at Table and had dreamed of pizza rustica, so when I awoke early on Saturday morning with a powerful craving for Italian peasant food, I decided to go shopping. Besides, I don't ever really feel at home anywhere until I've cooked a meal.
The Strip is down by the Allegheny River, a five- or six-block stretch filled with produce markets, old-fashioned butcher shops, fishmongers, cheese shops, flower stalls, and a shop that sells coffee that's been roasted on the premises. It used to be, and perhaps still is, where chefs pick up their produce and order cheeses, meats, and fish. The side streets and alleys are littered with moldering vegetables, fruits, and discarded lettuce leaves, and the smell in places is vaguely unpleasant. There are lots of beautiful, old warehouse buildings, brick with lovely arched windows, some of which are now, to my surprise, being converted into trendy loft apartments.
If you're a restaurateur you get here early, four or five in the morning. Around seven or eight o'clock, home cooks, tourists, and various passers-through begin to clog the Strip, aggressively vying for the precious few available parking spaces, not to mention tables at Pamela's, a retro diner that serves the best hotcakes in Pittsburgh.
On weekends, street vendors crowd the sidewalks, selling beaded necklaces, used CDs, bandanas in exotic colors, cheap, plastic running shoes, and Steelers paraphernalia by the ton. It's a loud, jostling, carnivalesque experience and one of the best things about Pittsburgh. There's even a bakery called Bruno's that sells only biscotti- at least fifteen different varieties daily. Bruno used to be an accountant until he retired from Mellon Bank at the age of sixty-five to bake biscotti full-time. There's a little hand-scrawled sign in the front of window that says, GET IN HERE! You can't pass it without smiling.
It's a little after eight when Chloe and I finish up at the Pennsylvania Macaroni Company where, in addition to the prosciutto, soppressata, both hot and sweet sausages, fresh ricotta, mozzarella, and imported Parmigiano Reggiano, all essential ingredients for pizza rustica, I've also picked up a couple of cans of San Marzano tomatoes, which I happily note are thirty-nine cents cheaper here than in New York.”
Meredith Mileti, Aftertaste: A Novel in Five Courses

Sol Luckman
“Dowist: (n.) blind believer in the stock market.”
Sol Luckman, The Angel's Dictionary

Ronald H. Coase
“The time has surely gone in which economists could analyze in great detail two individuals exchanging nuts for berries on the edge of the forest and then feel that their analysis of the process of exchange was complete, illuminating though this analysis may be in certain respects.”
Ronald H. Coase

“Markets are voting machines; they function by taking referenda. In the new world money market, for example, currency values are now decided by a constant referendum of thousands of currency traders in hundreds of trading rooms around the globe, all connected to each other by a vast electronic network giving each trader instant access to information about any factor that might affect values. That constant referendum makes it much harder for central banks and governments to manipulate currency values.”
Walter B. Wriston

Daron Acemoğlu
“The rise of Robber Barons and their monopoly trusts in the late nineteenth and early twentieth centuries underscores that, as we already emphasized in chapter 3, the presence of markets is not by itself a guarantee of inclusive institutions. Markets can be dominated by a few firms, charging exorbitant prices and blocking the entry of more efficient rivals and new technologies. Markets, left to their own devices, can cease to be inclusive, becoming increasingly dominated by the economically and politically powerful. Inclusive economic institutions require not just markets, but inclusive markets that create a level playing field and economic opportunities for the majority of the people. Widespread monopoly, backed by the political power of the elite, contradicts this. But the reaction to the monopoly trusts also illustrates that when political institutions are inclusive, they create a countervailing force against movements away from inclusive markets. This is the virtuous circle in action. Inclusive economic institutions provide foundations upon which inclusive political institutions can flourish, while inclusive political institutions restrict deviations away from inclusive economic institutions. Trust busting in the United States, in contrast to what we have seen in Mexico illustrates this facet of the virtuous circle. While there is no political body in Mexico restricting Carlos Slim’s monopoly, the Sherman and Clayton Acts have been used repeatedly in the United States over the past century to restrict trusts, monopolies, and cartels, and to ensure that markets remain inclusive.”
Daron Acemoğlu, Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Audre Lorde
“People in markets find a way of getting down to the essentials of I have, you want; you have, I want.”
Audre Lorde, Sister Outsider: Essays and Speeches

Ha-Joon Chang
“The focus on the market has made most economists neglect vast areas of our economic life, with significant negative consequences for our well-being. The neglect of production at the expense of exchange has made policy-makers in some countries overly complacent about the decline of their manufacturing industries. The view of individuals as consumers, rather than producers, has led to the neglect of issues such as the quality of work (e.g., how interesting it is, how safe it is, how stressful it is and even how oppressive it is) and work-life balance. The disregard of these aspects of economic life partly explains why most people in the rich countries don’t feel more fulfilled despite consuming the greatest ever quantities of material goods and services.
The economy is much bigger than the market. We will not be able to build a good economy — or a good society — unless we look at the vast expanse beyond the market.”
Ha-Joon Chang, Economics: The User's Guide

Jack D. Schwager
“Big market price changes happen when lots of people are forced to reevaluate their prejudices, not necessarily when the world actually changes. — Colm O'Shea”
Jack D. Schwager, Hedge Fund Market Wizards

“Capital does not participate where no profit can be made. Humanity is not quoted on the stock exchange.”
Wilhelm Liebknecht, On the Political Position of Social-Democracy

“A religious philosophy, unless it is frankly to abandon nine-tenths of conduct to the powers of darkness, cannot admit the doctrine of a world of business and economic relations self-sufficient and divorced from ethics and religion.”
RH Tawney

“The contrast between nature and grace, between human appetites and interests and religion, is not absolute, but relative. It is a contrast of matter and the spirit informing it, of stages in a process, of preparation and fruition. Grace works on the unregenerate nature of man, not to destroy it, but to transform it. And what is true of the individual is true of society. An attempt is made to give it a new significance by relating it to the purpose of human life as known by revelation.”
RH Tawney

“...the key to successful development performance is achieving a careful balance among what government can successfully accomplish, what the private market system can do, and what both can best do when working together.”
Toby N. Carlson, Economic Development

Tom Wainwright
“governments should consider ways to shape these markets, rather than simply charge into battle to shut them down at any cost”
Tom Wainwright, Narconomics: How to Run a Drug Cartel

Michael Parenti
“Anticommunist dissidents who labored hard to overthrow the
GDR were soon voicing their disappointments about German reunification. One noted Lutheran clergyman commented: "We fell into the tyranny of money. The way wealth is distributed in this society [capitalist Germany] is something I find very hard to take." Another Lutheran pastor said: "We East Germans had no real picture of what life was like in the West. We had no idea how competitive it would be .... Unabashed greed and economic power are the levers that move this society. The spiritual values that are essential to human happiness are being lost or made to seem trivial. Everything is buy, earn, sell”
Michael Parenti, Blackshirts and Reds: Rational Fascism and the Overthrow of Communism

“Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism—which is not surprising, if I am right in thinking that the best brains of Wall Street have been in fact directed towards a different object.”
John Meynard Keynes

“Most traders now believe that if you have an open-trade loss after this mental dance of technical analysis has been done, somehow the analysis was not done correctly—otherwise, they would have been on the other side or waited. This illusion is what mosttraders operate under for the entire life of their trading career. The more firmly entrenched a trader is in this illusion, the greater amount of study or analysis he will do or the greater amount of money he will spend trying to develop a better technical approach.”
Jason Alan Jankovsky, Trading Rules That Work: The 28 Essential Lessons Every Trader Must Master

“Your best analysis is done by asking the question, 'Where is the loser?”
Jason Alan Jankovsky, Trading Rules That Work: The 28 Essential Lessons Every Trader Must Master

“Your best analysis is done by asking the question, “Where is the loser?” The last thing you want your analysis to do is attempt to predict price action. You want your analysis to disclose historical information. You want information that discloses where the loser is, what he is most likely thinking, and where he will most likely be forced to liquidate the losing trade.”
Jason Alan Jankovsky, Trading Rules That Work: The 28 Essential Lessons Every Trader Must Master

“Never let the truth become your enemy.”
Gil Morales, Trade Like an O'Neil Disciple: How We Made Over 18,000% in the Stock Market

Christopher Lasch
“Early admirers of the market - Adam Smith for example - believed that selfishness was a virtue only if it was confined to the realm of exchange. They did not advocate or even envision conditions in which every phase of life would be organized according to the principles of the market. Now that private life has been largely absorbed by the market, however, a new school of economic thought offers what amounts to a new moral vision: a society wholly dominated by the market, in which economic relations are no longer softened by ties of trust and solidarity.”
Christopher Lasch, The Revolt of the Elites and the Betrayal of Democracy

Christine Féret-Fleury
“she plunged her nose into the fragrant mist, closed her eyes and imagined herself far away, very far away, at one of those Middle Eastern markets that the bombs had reduced to rubble, in one of those gardens that no longer exists except in fairly tales.”
Christine Féret-Fleury, The Girl Who Reads on the Métro

“Bad rich people are created by thoughtless idiots buying scammy products.”
Brett Stevens

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