Murray Rothbard Quotes

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history.

My politics are: I'm a trustbuster. Very focused. And yeah, I'm pro-efficiency. I want the most economic activity at the lowest price possible. It's good for everybody; it's not red or blue.

The general principles of political economy teach us to buy all our commodities where we can have them the cheapest; and perhaps there is no general rule in the whole compass of the science to which fewer justifiable exceptions can be found in practice

Free prices are the price of freedom.

Free competition is worth more to society than it costs.

Rent control created deadweight loss.

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

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

Value is what people are willing to pay for it.

'Reinventing the Bazaar,' by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history and around the world. I finally understood how a Middle Eastern souk actually works economically and how to compare that to modern-day telecom-spectrum auctions. I love that book.

A common price isn't the lowest price. It will most obviously be the highest price.

That iPad you just bought. Do you care that it cost a few pence to manufacture? No. It's cost you several hundred pounds because somebody else was willing to pay that much for it. If they weren't... it wouldn't.

I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.

With competition, prices tend to be uniform; with monopoly, prices are uniformly high.

[The excessive] evils associated with [unregulated] competition [came about] through the shameful neglect of government to fulfill its primary function of protecting equal rights and enforcing justice.]

What anyone has he may value at what rate he will and transgresses not against justice if he sells it at any price provided he makes no distinction of buyers but parts with it as cheap to this as he would to any other buyer.

As much as I'd love to give everybody a really cheap option, it's just simply not possible in certain sorts of extreme events... I guarantee that our strategy on surge pricing is the optimal way to get as many people home as possible.

Competition is good for consumers. It provides more choices at better prices.

I believe in the principle that if you have more competition, it will drive down the prices.

If somebody can offer value at a cheaper price, they should. But that also means Uber should, too.

Economics is a choice between alternatives all the time. Those are the trade-offs.

Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.

In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

The Negroes of America had taken the President, the press and the pulpit at their word when they spoke in broad terms of freedom and justice. But the absence of brutality and unregenerate evil is not the presence of justice. To stay murder is not the same thing as to ordain brotherhood.