Hicks-marshall Laws of Derived Demand

Famous quotes containing the words laws, derived and/or demand:

    Among the laws controlling human societies there is one more precise and clearer, it seems to me, than all the others. If men are to remain civilized or to become civilized, the art of association must develop and improve among them at the same speed as equality of conditions spreads.
    Alexis de Tocqueville (1805–1859)

    There is, it seems to us,
    At best, only a limited value
    In the knowledge derived from experience....
    —T.S. (Thomas Stearns)

    The pound of flesh which I demand of him
    Is dearly bought as mine, and I will have it.
    William Shakespeare (1564–1616)