Costs Quotes - page 9
Of course there is no prima facie reason why cheap things should be ugly, for a die or mould of a good design costs no more than a bad one; but still the fact remains that the objects in use in every-day life are not beautiful, and it is to effect a change in this respect that the Government have established Schools of Design and the excellent Museum of which I shall have to speak hereafter.
William Burges
Transaction costs were used in the one case to show that if they are not included in the analysis, the firm has no purpose, while in the other I showed, as I thought, that if transaction costs were not introduced into the analysis, for the range of problems considered, the law had no purpose.
Ronald Coase
The question always is, will it pay to bring an extra exchange transaction under the organizing authority? At the margin, the costs of organizing within the firm will be equal either to the costs of organizing in another firm or to the costs involved in leaving the transaction to be "organised” by the price mechanism. Business men will be constantly experimenting, controlling more or less, and in this way equilibrium will be maintained. This gives the position of equilibrium for static analysis.
Ronald Coase
Markets are institutions that exist to facilitate exchange, that is, they exist in order to reduce the cost of carrying out exchange transactions. In an economic theory which assumes that transaction costs are nonexistent. markets have no function to perform, and it seems perfectly reasonable to develop the theory of exchange by an elaborate analysis of individuals exchanging nuts for apples on the edge of the forest or some similar fanciful example. This analysis certainly shows why there is a gain from trade, but it fails to deal with the factors which determine how much trade there is or what goods are traded.
Ronald Coase
Why... are there any market transactions at all? Why not all production carried on by one big firm?... First, as a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organizing additional transactions within the firm may rise... Second, it may be that as the transactions which are organized increase, the entrepreneur fails to place the factors of production in the uses where their value is greatest, that is, fails to make the best use of the factors of production... Finally, the supply price of one or more of the factors of production may rise, because the "other advantages" of a small firm are greater than those of a large firm.
Ronald Coase
The limit to the size of the firm is set where its costs of organizing a transaction become equal to the cost of carrying it out through the market. This determines what the firm buys, produces, and sells. As the concept of transaction costs is not usually used by economists, it is not surprising that an approach which incorporates it will find some difficulty in getting itself accepted. We can best understand this attitude if we consider not the firm but the market.
Ronald Coase
He'd learned that the object of a school fight was not to gain points for style but to force your enemy to give in, which meant hurting him more than he was hurting you. He knew that you had to be willing to hurt someone else, too, and he'd found out that not many people were, when it came to it; but he knew that he was.
So this wasn't unfamiliar to him, but he hadn't fought against a nearly grown man armed with a knife before, and at all costs he must keep the man from picking it up now that he'd dropped it.
Philip Pullman
![Unfortunately, several decades of Keynesian instruction on the virtues of budget deficits have left the public and our political leaders confused about the costs of running persistent deficits. [...] Keynes has been that influential defunct scribbler for the past generation. But who would ever have thought that the politician hearing Keynes's voice in the air might be Ronald Reagan. (Martin Feldstein)](https://cdn.quotesdtb.com/img/quotes_images_webp/17/martin-feldstein-air-budget-451617.webp)
Again, there is the illusion of "increased command over Nature," meaning that cotton is cheap and that ten miles of country road on a bicycle have replaced four on foot. But even if man's increased command over Nature included any increased command over himself (the only sort of command relevant to his evolution into a higher being), the fact remains that it is only by running away from the increased command over Nature to country places where Nature is still in primitive command over Man that he can recover from the effects of the smoke, the stench, the foul air, the overcrowding, the racket, the ugliness, the dirt which the cheap cotton costs us.
George Bernard Shaw
Yesterday Paris gave a sad spectacle which contrasts with the sang-froid of these last days and with the sang-froid of the whole of France. There were many incidents of pillaging of shops. The dairies of the Maggi company were widely plundered; it is true that the cause of this violence is competition between this company and small milk suppliers. But, on top of this, German and Austrian shops were looted; and the police stood passively by these scenes of disorder: officers even watched them with a certain complicity. I instructed Malvy [Minister of the Interior] to ask Hennion [Prefect of Police] to be merciless and to maintain public order at all costs. The fomenters will appear before a war tribunal.
Raymond Poincaré
The logic of maximum performance is no doubt inconsistent in many ways, particularly with respect to contradiction in the socio-economic field: it demands both less work (to lower production costs) and more (to lessen the social burden of the idle population). But our incredulity is now such that we no longer expect salvation to rise from these inconsistencies, as did Marx.
Jean-François Lyotard
A man does not kill himself, as is commonly supposed, in a fit of madness but rather in a fit of unendurable lucidity, in a paroxysm which may, if so desired, be identified with madness; for an excessive perspicacity, carried to the limit and of which one longs to be rid at all costs, exceeds the context of reason.
Emil Cioran
It costs a lot to fight this war. We have spent more than a billion dollars a month - over $30 million a day - and we must be prepared for future operations. Afghanistan proved that expensive precision weapons defeat the enemy and spare innocent lives, and we need more of them. We need to replace aging aircraft and make our military more agile, to put our troops anywhere in the world quickly and safely. Our men and women in uniform deserve the best weapons, the best equipment, the best training - and they also deserve another pay raise.
George W. Bush
Returning to the moon is an important step for our space program. Establishing an extended human presence on the moon could vastly reduce the costs of further space exploration, making possible ever more ambitious missions. Lifting heavy spacecraft and fuel out of the Earth's gravity is expensive. Spacecraft assembled and provisioned on the moon could escape its far lower gravity using far less energy, and thus, far less cost. Also, the moon is home to abundant resources. Its soil contains raw materials that might be harvested and processed into rocket fuel or breathable air. We can use our time on the moon to develop and test new approaches and technologies and systems that will allow us to function in other, more challenging environments. The moon is a logical step toward further progress and achievement.
George W. Bush
Human beings free of debt, insecurity, and fear become much more amiable. With no one out to sell anyone anything or to deprive another of possessions or money, the basis for unhealthy human aggression is outgrown. People no longer are burdened by the nagging concerns that consume so much attention such as mortgages, health care costs, education fees, fire insurance, economic recession or depression, the loss of jobs, and taxes. With the elimination of these burdens and the removal of the conditions that create feelings of envy, greed, and competition, people's lives would be far more meaningful.
Jacque Fresco
![According to [the general equilibrium approach to monetary theory], the principal way in which financial policies and events affect aggregate demand is by changing the valuations of physical assets relative to their replacement costs. (James Tobin)](https://cdn.quotesdtb.com/img/quotes_images_webp/14/james-tobin-affect-aggregate-324314.webp)
Li-Tsung of Krasna would have told him to live at all costs, sacrifice all the others, to save himself for his planet and the Fellowship. But there were limits. You didn't have to accept Dave's Calvinism-though its unmerciful God seemed very near this dead star-to swallow the truth that some things were more important than survival. Than even the survival of a cause.
Maybe I'm trying to find out what those things are, he thought confusedly.
Poul Anderson
