Consumer Surplus Quotes

Understanding economics can help you make better decisions and lead a happier life.

Everybody's doing it. In capitalism, you try to get the highest price you can for a product.

Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.

[on the theory of the firm] It is exactly analogous to the analysis of the reactions of a consumer by means of indifferent curves. Indeed, a consumer is merely a 'firm' whose product is 'utility.'

There is a supply for every demand.

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.

Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful

The difficulty lies, not in finding a producer, but in finding a consumer.

It is a mere futile process to exchange one set of commodities for another, if the parties; after this new distribution of goods has taken place, are not better off than they were before.

When the Internet first appeared, this heated debate developed among economists. One side said the Internet will make it easier for companies to price-discriminate, and it'll be fabulously profitable.