Market Rules Quotes

The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rule of the game" and as an umpire to interpret and enforce the rules decided on.

The key to understanding the rise in inequality isn't technology or globalization. It's the power of the moneyed interests to shape the underlying rules of the market.

You can keep raising it, but at some point, everybody who believes in a minimum wage will say, "No, wait a minute. That's too much," and at that point, you have demonstrated that that there's no market relationship. You're just talking emotion. You're just talking "fairness." You're just talking being nice, and that's not how the market works. People aren't paid a wage because they're being nice to, or because it's fair. In the market, the market rules.

What we want is to establish the rules of a market economy - not to plan its outcome.

Corruption has reached an unacceptable level. It devours resources that could be devoted to the citizens. It impedes the proper carrying out of market rules and penalizes the honest and capable.

There are not many companies in China that dare to say in public, 'We don't offer bribes', or companies that operate only by market rules.

The way I understand the rules on trading on inside information, it's very vague.

As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of the rules that guarantee competition and fair play - and that the pressure to break those rules only gets stronger as the amount of money involved gets larger.

The laws of trade must be the great teacher.

If you change the rules of the market, you can be more successful than your competitors.

I'm not an ultra-libertarian who thinks there shouldn't be insider-trading laws at all.

The fundamental law of the market is: the customer is always right.

If you wish to have free access to the single market, then you have to accept the fundamental rights as well as obligation that come from it.

Regulatory creep usually starts with calls for 'regulatory parity.' The mantra will be, if you are going to impose certain regulations, then it is only fair to stick it to all market participants equally.

There is no access to the market without budgetary contributions... and without respect for the four freedoms of the E.U.

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.

Our participation in the single market, and our ability to help set its rules is the principal reason for our membership of the EU. So it is a vital interest for us to protect the integrity and fairness of the single market for all its members.

There is a phrase in trade theory; it's called "kicking away the ladder." First you violate the rules - the market rules - and then by the time you succeed in developing, you kick away the ladders so others can't do it too, and you preach about "free trade."

These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.

It seems to me obviously axiomatic that markets are not magical, that they're organised in a range of regulated entities created by men. We decide in what we will have markets, and we decide how the rules work and how they'll conduct themselves.

This [Asia, Australia & New Zealand] is going to be the world't largest market. If we're not there setting the rules, then somebody else is.

Everybody starts with creating or acquiring certain property in order to create the material to work with. When we started our business, we thought first of all about development, how to grow, and we managed to do this, even with all the difficulties and all the difficult rules that were implemented in Russia at that time.

The 'free market' is the product of laws and rules continuously emanating from legislatures, executive departments, and courts.

It's really hard to run a business against somebody who is not acting as if it were in business.

Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.