mutually beneficial Quotes

At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.

In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.

It's never a good deal when only one party thinks it is.

If the deal isn't good for the other party, it isn't good for you.

Never take away anything if you have nothing better to offer

Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation . . . to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts.

Any business arrangement that is not profitable to the other fellow will in the end prove unprofitable for you. The bargain that yields mutual satisfaction is the only one that is apt to be repeated.

Any trade that is voluntarily made is mutually beneficial, by definition, and, indeed, is balanced, by definition.

Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.