James P. Gorman Quotes

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

Supply always comes on the heels of demand.

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.

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

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.

The law of supply and demand holds eternal.

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.

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 Internet doesn't change everything. It doesn't change supply and demand.

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

As demand goes down, you will see prices come down.

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.

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

Prices don't merely reflect what people think things ought to cost today; they also reflect what people expect items to cost tomorrow.

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.

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

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.

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.

The prices of raw materials do not fluctuate directly with the labour cost of producing them.

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.

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.

Let the market, not politicians, determine the flow of rice, oil and other commodities. Lower, more stable prices will ensue.

In a sense, the market, by expecting a fall in prices, discounts that fall and makes it happen right away instead of later. Expectations speed up future price reactions.

Gasoline prices are a direct reflection of the cost of the raw materials to produce the gasoline, no different than any other product that you would buy, whether it's a good or some other consumable, or it's a luxury item. It's all a function of what do the raw materials cost.

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.