„Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.“

—  Karl Polanyi, livro The Great Transformation

The Great Transformation (1944), Ch. 4 : Societies and Economic Systems

Karl Polanyi photo
Karl Polanyi
1886 - 1964

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Kai Ryssdal photo

„The stock market is not the economy, and the economy is not the stock market.“

—  Kai Ryssdal Radio host, United States Navy officer 1963

repeatedly on his radio program " Marketplace APM https://www.marketplace.org/2019/09/30/the-stock-market-is-not-the-economy/" (September 2019)

„The greater the penalties laid on sellers in the black market… the higher the black market price.“

—  Kenneth E. Boulding British-American economist 1910 - 1993

Kenneth Boulding (1947) " A Note on the Theory of the Underground economy http://www.jstor.org/stable/137604". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw http://www2.gcc.edu/dept/econ/ASSC/Papers2007/Entrepreneurial_Outlaw_York.pdf

Benjamin Graham photo

„Good managements produce a good average market price, and bad managements produce bad market prices.“

—  Benjamin Graham American investor 1894 - 1976

Chapter II, The Investor and Stock-Market Fluctuations, p. 44
The Intelligent Investor: The Classic Text on Value Investing (1949)

Andrey Illarionov photo

„There is no such thing as a gas market prices, because there is no such thing as gas market. What they are doing to Ukraine is obvious price discrimination.“

—  Andrey Illarionov Russian politician 1961

In response to the question: The Kremlin says it just charges market prices.
"Q&A: Putin's Critical Adviser," 2005

Ludwig von Mises photo
Ron Paul photo

„In a free-market economy, the consumer is king“

—  Ron Paul American politician and physician 1935

In response to the question "What is your opinion on direct democracy, where the citizens themselves make law, rather than elected representatives?" https://www.youtube.com/watch?v=p-nfaTZNWcI (May 14, 2015)
Contexto: In a free-market economy, the consumer is king: labor unions don't run things, business people don't run things, bankers don't run things, politicians don't run things, but the success of a business depends on how people spend their money.

James Tobin photo

„Plainly, the most powerful exception to the notion of a voluntary excahnge in a market economy is the labor market.“

—  Mimi Abramovitz non-fiction writer 1941

The existence of a market for labor is one of the distinguishing features of a market economy: workers compete to sell their labor at the most favorable price—meaning, in practice, the highest possible wage. At the same time, however, it is clear that the market for labor is qualitatively different from the market for goods, because workers need to sell their labor to survive.
Joel Blau and Mimi Abramovitz, The Dynamics of Social Welfare Policy (Oxford University Press: 2010) p. 68

Ronald H. Coase photo
Robert A. Dahl photo
Ernesto Che Guevara photo
Steve Keen photo
Daniel Bell photo

„Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Etiam egestas wisi a erat. Morbi imperdiet, mauris ac auctor dictum.“