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Price System Quotes

Quotes tagged as "price-system" Showing 1-2 of 2
John Cage
“Veblen called it the price-system. Mills called it the Power Elite. It's probably no more than ninety-nine people who don't know what they are doing. They're involved in high finance. Fascinating form of gambling.”
John Cage, M: Writings '67�'72

John Maynard Keynes
“Like the monetarist Milton Friedman, Keynes looked to price stability as a way to shore up classical economic thinking. For the most part, he believed, laissez-faire economics worked. Supply and demand did bring society to a prosperous equilibrium. They just needed a few pieces of basic economic architecture to work: property rights, the rule of law, and price stability. But unlike Friedman, Keynes had arrived at monetarism as a creative way to expand the power of the state to fight the uncertainties and anxieties of postwar life.”
John Maynard Keynes, The General Theory of Employment, Interest and Money AND Essays In Persuasion