Friedrich Hayek Quotes

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

Demand and supply are the opposite extremes of the beam, whence depend the scales of dearness and cheapness; the price is the point of equilibrium, where the momentum of the one ceases, and that of the other begins.

The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.

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

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.

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.

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.

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.

The fallacy of the neoclassicals is their tenet that total employment, though hit by shocks, can be said always to be heading back to some normal level.

Supply always comes on the heels of demand.

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.

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

The state has an active role to play in ensuring that there is equilibrium between the constituent parts of the economy, the consumers and the producers.

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error.

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.

We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.

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

What farmers require is, that the prices should be moderate, and the markets steady; and for this reason I did, in 1826, 1827, and 1828, take the course which I would now recommend to the House.

There is a supply for every demand.

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

Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.

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.