Frank Knight Quotes

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

Supply and demand don’t work on a legislative schedule.

Supply and demand eventually rebalance. We've seen this again and again and again.

Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

I strongly believe that for the steel prices to be market-driven, without distortions, we need to substantially increase the production capacity.

Price creates incentive, and energy will be developed if there's demand for it at the price you can develop it.

Supply always comes on the heels of demand.

The law of supply and demand holds eternal.

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

Markets are the best way to allocate resources.

In the market economy the price that is offered is counted upon to produce the result that is sought.

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

Tell me, what do they do for us in Bulgaria? Do they fix the prices? Or is there some kind of a free market?

It's a market economy. Apparently the demand for great coaches exceeds the supply, so of course the price of good coaches is going to be high.

To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.

When volume drops off, prices settle down. Volume is the force that turns stocks higher.

Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.

But in the free market system, you're forced to change.

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.

An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

Let the king fix the rates for the purchase and sale of all marketable goods, having duly considered whence they come, whither they go, how long they have been kept, the probable profit and the probable outlay. Once in five nights, or at the close of each fortnight, let the king publicly settle the prices for the merchants.

Prices of every thing depend on the proportion between commodities and money, and that any considerable alteration on either has the same effect, either of heightening or lowering the price.

The dictates of economics, that "dismal science," limit the benefits of medical science