77 Quotes About Economics-philosophy



  • Author Dan Ariely
  • Quote

    Following imprinting, valuations become locally coherent, as the consumer attempts to reconcile future decisions of a "similar kind" with the initial one. This creates an illusion of order, because consumers' coherent responses to subsequent changes in conditions disguise the arbitrary nature of the initial, foundation choice.

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  • Author Hendrith Vanlon Smith Jr
  • Quote

    The distribution of wealth and income is primarily the role and responsibility and freedom of individual people and businesses through their voluntary economic interaction with other people and businesses. And their voluntary exchange of economic value through products, services, and ideas. In this way, social mobility is maximized and a fluid class structure allows for both upward and downward economic movements; this is social justice.

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  • Author Hendrith Vanlon Smith Jr
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    The real cost of something is its value in alternative uses. This truth always presents itself in prices. There is no benefit that may be gained without cost to the same individual who gained the benefit. There is no benefit that may be presented without cost to the same individual who present the benefit.

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