World Of Quotes

Quotes, Sayings, and Proverbs
 Julian Simon once said...

Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.

In Finance and economics Quotes, by Julian Simon

5 out of 5 stars
1 votes
 Have something to say about this quote?
comments powered by Disqus