Skip to main content
In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history.
Paul Samuelson
Create image
Share

What does this quote mean?

This quote can be used as a reminder to reflect, share encouragement, or express a thoughtful idea. Create a quote image or explore related quotes below.

Best used for

  • Instagram captions
  • Pinterest quote pins
  • Personal reflection
  • Speeches
  • Greeting cards

Caption suggestions

Instagram caption

"In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history."
— Paul Samuelson #lifewisdom

Pinterest title

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to pri…

Pinterest description

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history. — Paul Samuelson

About Paul Samuelson

Paul Samuelson was a Economist from United States (1915–2009).

Read more about Paul Samuelson →

Frequently Asked Questions

Who said "In well-functioning markets, price equals opportunity cost. Meaning that the pr…"?
This quote is attributed to Paul Samuelson, a Economist from United States.
When did Paul Samuelson live?
Paul Samuelson lived from 1915 – 2009.
What is this quote about?
This quote touches on Life Wisdom. Browse more quotes on these themes from the categories page.