Probable Quotes - page 6
If a prophecy is to be called infallible, I fairly demand that it should state beforehand legibly, clearly, and distinctly that which no man could previously have known, and that the same should thereafter take place at the time appointed, but that it should not take place because it has been predicted. If, however, such a prophecy can only be verified through allegorical interpretations of words and interpretation of words and things; if it be only composed of dark and dubious words, and the expressions it contains are commonplace, vague, and uncertain; if the matter was thought probable, or was foreseen by human cunning; if it occurs because it was predicted; if the words used refer to some other matter and are only applied to the prophecy by a quibble; if it is only written down after the event has occurred; if a prophetic book or passage is given out to be older than it is; or lastly, if the thing predicted does not take place at all, then the prophecy is either doubtful or false.
Hermann Samuel Reimarus
The current emphasis on price policy, as against price, as a proper object of study represents recent economic reflection on the significance of expectations, uncertainties, market control, and the position of price as one among many selling terms. Policy implies some degree of control over the course of events and, at the same time, the use of judgment as to the probable consequences of alternative lines of action. In perfect markets, whether monopolistic or competitive, price is hardly a matter of judgment and where there is no judgment there is no policy. The area of price policy, then, embraces the deliberative action of buyers and sellers able to influence price; that is to say, it covers practically the whole field of industrial prices.
Edward S. Mason