John W. Henry Quotes

Of all human powers operating on the affairs of mankind, none is greater than that of competition.

The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.

The market is not an invention of capitalism …. It is an invention of civilization.

The pharma pricing system was not built on the idea of consumer engagement. It was built... on market efficiencies. It was not built on the premise of consumerism.

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

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.

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

We like to think that a free market's greatest strength is its self-corrective nature.

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.

Supply always comes on the heels of demand.

We should rely on the markets to move on their own.

The free market is not a god; we have to do everything we can to make the market competitive.

Markets have built in inefficiencies, serious inefficiencies which are well known.

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers.

If the private insurance market can survive in a context of a public option, good for them. But if they can't, then that will tell you something about the nature of the market.

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.

Whatever men live for, today most live only because of the market order.

A properly functioning free market system does not spring spontaneously from society's soil as crabgrass springs from suburban lawns. Rather, it is a complex creation of laws and mores... Capitalism is a government program.

Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.

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.

Markets are not static entities that are 'intervened' in (for good or bad) but are outcomes of public and private interactions.

It's almost as if we have two lobes in our brain. There's the consumer and investor mode, and we're doing better and better at that lobe. But at the producer and seller mode, we have to work harder and harder. And the better we do as consumers and investors - the easier it is for us to choose something better, to exit every commercial relationship - the harder we have to work as sellers and producers. One follows from the other.

People do, as long as you have markets, you'll have excesses.

Social Science, is not a 'gay science' but rueful, which finds the secret of this universe in 'supply and demand' and reduces the duty of human governors to that of letting men alone. Not a 'gay science', no, a dreary, desolate, and indeed quite abject and distressing one; what we might call, the dismal science

If no one consumes these products, people will stop roducing them. They will not build it if you didn't come.