John S. Watson Quotes

Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest.

In a sense, there is no such thing as a bargain in computing. Models which are popular sell for the price they are supposed to fetch for the best part of their product cycle.

Supply always comes on the heels of demand.

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.

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

Everything is for sale if the price is right.

There's always a fine line between 'What is the market going to bear?' and, 'By the way, I've got 2,000 unsold seats.'

When the price of a drug rises, it becomes profitable and the target of new competition.

Do not get yourself into the illusion that there is something so unique about the question of organ or body parts ... that the general rules of economics do not apply.

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.

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.

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.

I like the work. If I upped the price, I wouldn't get the work.

It's still a bottom-line business. You can be out of control, and if they want you, they'll pick you. And you can be a mensch, and if you're not the product they want, you won't get it.

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.

Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.

Frankly, if you can sell something at $80 a tonne that cost you $20 a tonne, you might want to sell as much as you can.

The basis of the free market is anytime you can generate revenue or profit, you've created value in excess of the resources you consume in a society. That's probably the most unbiased utility function there is, as opposed to someone's opinion.

A consumer doesn't take anything away: he doesn't actually consume anything. Giving the same thing to a thousand consumers is not really any more expensive than giving it to just one.

The exchangeable value of all commodities, rises as the difficulties of their production increase.

In business, real jobs profitably produce goods and services that people value more highly than their alternatives. Subsidizing inefficient jobs is costly, wastes resources, and weakens our economy.

As the economy grows, so will the demand for energy.

Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses.

A study of economics usually reveals that the best time to buy anything is last year.

The prices of raw materials do not fluctuate directly with the labour cost of producing them.