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Leonard Read Quotes About Supply And Demand

We have collected for you the TOP of Leonard Read's best quotes about Supply And Demand! Here are collected all the quotes about Supply And Demand starting from the birthday of the – September 26, 1898! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Leonard Read about Supply And Demand. We will be happy if you share our collection of quotes with your friends on social networks!

  • Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.

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Leonard Read

  • Born: September 26, 1898
  • Died: May 14, 1983
1 Quotes

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