Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
William VickreyTo stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was asked what he was looking for. He said "I lost my watch."
William VickreyPractically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours.
William VickreyLarger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
William Vickrey