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Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information that would require large search costs by individual buyers and sellers in the absence of an organized market.
Douglass NorthWars--and what is war except crime on a mass scale?--destroy rather than produce. The vandal that destroys a window causes not only the owner to bear the costs of replacing it, but costs those whom he planned on using that money to buy from. The same goes for wars. The warlords--of war and peace--destroyed so much, not only what existed, but all those new things that could have existed, if only individuals were left in peace.
Adam YoungRegardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
Nathan MyhrvoldThere is no appeasing Putin. Frankly, there is no directly stopping him, either. It is only possible to raise the costs to him of his war, including the military costs. If we won'ยยt provide military materiel to Ukraine now, we deserve the contempt with which Putin regards us.
Rich LowryIn fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.
Ronald CoaseGiven our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
Alan GreenspanYou seldom improve quality by cutting costs, but you can often cut costs by improving quality.
Karl AlbrechtIt has been difficult for [young people in the U.S.] to connect the dots between rising tuition costs and other assaults on their dignity with the ongoing assault on public life and its myriad democratic institutions. Today's generation faces an enormous battle in turning back the current assaults on the social state, higher education, and the social good.
Henry GirouxAmong the many important provisions in the energy bill are the creation of an estimated half million new jobs, increased oil production, blackout protection, controlling fertilizer costs by stabilizing natural gas prices and enacting new efficiency benchmarks.
Paul GillmorI think there are probably too many asset management companies in the world, and I think the place to be is either big or small. The area where it is probably more difficult to be is in the middle ground, where you've got that cost of regulation, you've got the cost of buying your own research, you've got all the costs of running an asset management company without the benefits of a big income producing asset.
Martin GilbertWhen I say "an energy miracle," I mean that there will be some form of energy whose 24 hour cost really is competitive with hydrocarbons given, say, 20 years of learning curve. You invent it, then you look at how much its costs go down over the next 20 years, that it really beats hydrocarbons.
Bill GatesI did this film for less money than it costs to stay in this hotel. We shot it in 20 days. We couldn't screw up takes for fun because we didn't have enough film.
Dean CainIndex funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.
Burton MalkielAt all costs we must re-establish faith in spiritual values. We must worship something beyond ourselves, lest we destroy ourselves.
Philip GibbsIf you're trying to get to profitability by lowering costs as a startup then you are in a very precarious and difficult position. You need to grow through profitability.
Chamath PalihapitiyaWith the increasing demand for oil around the world and the rising costs in Oregon and throughout the nation, we must focus on the development of alternate energy sources, especially those that are clean, efficient and renewable.
Greg WaldenThe majority of Americans receive health insurance coverage through their employers, but with rising health care costs, many small businesses can no longer afford to provide coverage for their employees.
Jim RyunAsset management CEOs globally are looking at their business models. They're looking at costs, they're looking at making their businesses more efficient, because they're seeing revenues under pressure all over the world.
Martin GilbertOne measure for promoting both stability and fairness across financial market segments is a small sales tax on all financial transactions - what has come to be known as a Robin Hood Tax. This tax would raise the costs of short-term speculative trading and therefore discourage speculation. At the same time, the tax will not discourage "patient" investors who intend to hold their assets for longer time periods, since, unlike the speculators, they will be trading infrequently.
Robert PollinI think that all money can do is to get your message out. Unfortunately, we live in a world where you have to use mass media to communicate with the people, and it just costs an awful lot of money.
Michael BloombergNo, nothing is sacred. And even if there were to be something called sacred, we mere primates wouldn't be able to decide which book or which idol or which city was the truly holy one. Thus, the only thing that should be upheld at all costs and without qualification is the right of free expression, because if that goes, then so do all other claims of right as well.
Christopher HitchensIn the world of computers and just devices in general, the lifespan, or the shelf life, is relatively short just because technology moves so fast and the costs drop so quickly and the power, whether it's computing power or memory rises very, very quickly.
Nicholas NegroponteAccounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
Warren BuffettI had, in my legal practice, often encountered really shocking examples of the devastating impact of the costs of long-term medical care on meagre incomes. And, just before I was elected, I had my own personal experience in paying very considerable bills for my mother's terminal illness.
Judy LaMarshYou want to track Hollywood careers, look in the real estate section. You see a guy buy a house that costs $6 million, and you can literally start counting the days until he starts doing crappy movies.
Chris RockOur insatiable appetite for fossil fuels and the corporate mandate to maximize shareholder value encourages drilling without taking into account the costs to the ocean, even without major spills.
Sylvia EarleWe're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.
Ron PaulThere's real economic costs to climate change - So, Superstorm Sandy led to billions of dollars in damages. The fires out in the west, 70 million dollars a day are being spent in fighting fires that have clearly been exacerbated by drought and climate change. So, people have pointed out the true dollars and cents cost of inaction on climate change.
Naomi OreskesIn my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon.
Meg WhitmanHighlighting expensive repair costs to your vendor can also be a powerful negotiating tool.
Chris HumphreysOnce they arrive, affirmative action kids are generally left to sink or swim academically. Brown (University) offers plenty of counseling and tutoring to struggling students, but, as any academic Dean will tell you, it's up to the students to seek it out, something that a drowning minority student will seek to avoid at all costs, fearing it will trumpet a second-class status.
Ron SuskindBy teaching our children to stay in line we create well-behaved followers. While this may make parenting a bit easier, it has enormous costs later in life. These same children grow up to be unhappy adults who desperately want to lead their own lives, yet lack the necessary skills to do so.
Cheryl RichardsonOn top of that, illegal immigration costs our country more than $113 billion a year. And this is what we get. For the money we are going to spend on illegal immigration over the next 10 years, we could provide 1 million at-risk students with a school voucher, which so many people are wanting.
Donald TrumpThe irony is that we've seen this model work really well in Massachusetts because Gov. Romney did a good thing, working with Democrats in the state to set up what is essentially the identical model and, as a consequence, people are covered there. It hasn't destroyed jobs. And as a consequence, we now have a system in which we have the opportunity to start bringing down costs as opposed to just leaving millions of people out in the cold." "Gov. Romney said this has to be done on a bipartisan basis
Barack ObamaOne thing you who had secure or happy childhoods should understand about those of us who did not. We who control our feelings, who avoid conflicts at all costs, or seem to seek them. Who are hypersensitive, self-critical, compulsive, workaholic, and above all survivors. We are not that way from perversity, and we cannot just relax and let it go. Weโve learned to cope in ways you never had to.
Piers AnthonyThe costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory for Osama bin Laden, whose announced goal was to bankrupt America by drawing it into a trap. The 2011 military budget - almost matching that of the rest of the world combined - is higher in real terms than at any time since World War II and is slated to go even higher .
Noam ChomskyIt costs $2,500 to purchase a song and I know from experience that I like to score with songs.
Allan MoyleWe also need the provisions in the tax bill that will permit working mothers to increase the deduction from income tax liability for costs incurred in providing care for their children while the mothers are working. In October the Commission on the Status of Women will report to me. This problem should have a high priority, and I think that whatever we leave undone this year we must move on this in January.
John F. KennedyReal benefits come when managers begin to understand the profound difference between 'cost cutting' and 'eliminating the causes of costs'
Brian L. JoinerI think it is important for people to understand that there are real serious economic costs and real serious economic damages associated with inaction on climate change.
Naomi OreskesI resisted the film business as long as I could, because of the big circus act and the amount of money that it costs to make films - I saw my father suffer through that.
Danny HustonLent is a fitting time for self-denial; we would do well to ask ourselves what we can give up in order to help and enrich others by our own poverty. Let us not forget that real poverty hurts: no self-denial is real without this dimension of penance. I distrust a charity that costs nothing and does not hurt.
Pope FrancisMy position is that it is high time for a calm debate on more fundamental questions. Does human spaceflight continue to serve a compelling cultural purpose and/or our national interest? Or does human spaceflight simply have a life of its own, without a realistic objective that is remotely commensurate with its costs? Or, indeed, is human spaceflight now obsolete?
James Van Allen