Transactions Quotes - Page 2

• Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production.

  Ronald Coase

  Entrepreneur, Movement, Complicated

  "The nature of the firm" by Ronald Coase in Economica, Volume 4, No. 16 (p. 388), onlinelibrary.wiley.com. November 1937.

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• I certainly do not lament the decadence of knight errantry, nor wish to exchange the protection of the laws for that of the doughtiest champion who ever set lance in rest; but I do, in truth, believe that this knightly sensitiveness of honorable feeling is the best antidote to the petty soul-degrading transactions of every-day life, and that the total want of it is one reason why this free-born race care so very little for the vulgar virtue called probity.

  Frances Trollope

  Believe, Knights, Race

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• The remaining revenue on the consumption of foreign luxuries to domestic comforts, being collected on our seaboard and frontiers only, and incorporated with the transactions of our mercantile citizens, it may be the pleasure and the pride of an American to ask, What farmer, what merchant, what laborer ever sees a tax gatherer of the United States?

  Thomas Jefferson

  Pride, Luxury, Comfort

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• Downey Savings & Loan receives high ratings from its customers in California in areas related to personal service and for being customer focused. Downey customers are also twice as likely to visit a branch as their primary transaction method, which contributes to higher overall satisfaction levels. Multiple convenient locations and extended operating hours in supermarkets positively increase customer perceptions of convenience for Downey.

  Jeffery Taylor

  California, Perception, Saving

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• Selling - at its core - is not a business transaction. It is first and foremost the forging of a human connection.

  Bob Burg

  Connections, Human Connection, Firsts

  FaceBook post by Bob Burg from Dec 21, 2010

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• I don't need a receipt for a doughnut. I'll just give you the money, and you give me the doughnut. End of transaction! We don't need to bring ink and paper into this! I can't imagine a scenario where I'd have to prove that I bought a doughnut. Some skeptical friend...'Don't even act like I didn't buy that doughnut! I've got the documentation right here! Oh, wait, it's back home, in the file. Under d...for doughnut.'

  Mitch Hedberg

  Funny, Home, Humor

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• History, which undertakes to record the transactions of the past, for the instruction of future ages, would ill deserve that honourable office if she condescended to plead the cause of tyrants, or to justify the maxims of persecution.

  Edward Gibbon

  Past, Tyrants, History

  Edward Gibbon (1826). “The history of the decline and fall of the Roman empire”, p.18

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• The transaction will enable us to become a single source of integrated products and services that building owners want in order to optimize comfort and energy efficiency

  John Barth

  Order, Energy, Comfort

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• Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.

  Thomas Sowell

  Loss, Groups, Doe

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• Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

  Thomas Sowell

  Financial, Economics, Method

  Thomas Sowell (1996). “Knowledge And Decisions”, p.79, Basic Books

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• The larger the unit of capital present, the easier the transaction called emission of credit. Centralized lending of this kind (which is today universal) actively promotes the absorption of the small man by the great, the reduction of small property owners to a proletarian condition.

  Hilaire Belloc

  Wisdom, Men, Credit

  Hilaire Belloc (2016). “The Crisis Of Civilization”, p.97, TAN Books

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• Part of the transaction between writer and reader is the pleasure of building a community and encouraging people to play along.

  John Hodgman

  Play, People, Community

  "Q&A: John Hodgman on perfecting the illusion of expertise". Interview with Adam Rogers, www.wired.com. September 22, 2008.

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• Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.

  Peter Welch

  Law, Ideas, Years

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• We must be forewarned that only rarely does a text easily lend itself to the reader's curiosity... the reading of a text is a transaction between the reader and the text, which mediates the encounter between the reader and writer. It is a composition between the reader and the writer in which the reader "rewrites" the text making a determined effort not to betray the author's spirit.

  Paulo Freire

  Reading, Learning, Effort

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• Liberation movements - prizing ends over means - are not always particular about their friends or scrupulous about their transactions.

  Bill Keller

  Mean, Movement, Ends

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• I was raised as a Christian but the transaction has to be made by yourself - you and God - at some point.

  Jerry B. Jenkins

  Christian, Made, Raised

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• [Television viewing] is a one-way transaction that requires the taking in of particular sensory material in a particular way, no matter what the material might be. There is, indeed, no other experience in a child's life that permits quite so much intake while demanding so little outflow.

  Marie Winn

  Children, Television, Littles

  Marie Winn (2002). “The Plug-in Drug: Television, Computers, and Family Life”, Penguin Group USA

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• Let not sleep fall upon thy eyes till thou has thrice reviewed the transactions of the past day. Where have I turned aside from rectitude? What have I been doing? What have I left undone, which I ought to have done?

  Pythagoras

  Fall, Sleep, Eye

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• A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organising additional transactions within the firm may rise.

  Ronald Coase

  Entrepreneur, Cost, May

  "The nature of the firm" by Ronald Coase in Economica, Volume 4, No. 16 (p. 393), onlinelibrary.wiley.com. November 1937.

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• Human interactions, stimulated as they are by disequilibrium, never achieve balance. In even the most favorable transaction, one party whether he realizes it or not must always come out the worse.

  Jack Vance

  Party, Balance, Realizing

  Jack Vance (2011). “Rhialto the Marvellous”, p.73, Hachette UK

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• Postmodernism shifts the basis of the work of art from the object to the transaction between the spectator and the object and further deconstructs this by negating the presence of a representative objective viewer.

  Arnold Aronson

  Art, Postmodernism, Bases

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• Our modern, rootless times do seem to be a particularly inhospitable environment for loyalty. We come and go so relentlessly that our friendships can't but come and go too. What sort of loyalty is there in the age of Facebook, when friendship is a costless transaction, a business of flip reciprocity.... Friendship held together by nothing more permanent than hyperlinks is hardly the stuff of selfless fidelity.

  Eric Felten

  Loyalty, Together, Age

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• Every transaction in commerce is an independent transaction.

  David Ricardo

  Independent, Commerce

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.78

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• Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.

  Murray Rothbard

  Kids, Defense, Cost

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• Salvation is not a divine transaction that takes place because you are morally perfect, but much more is an organic unfolding, a becoming who you already are, an inborn sympathy with and capacity for the very One who created you.

  Richard Rohr

  Perfect, Becoming, Divine

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