"Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed."

--

Source : "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

William Vickrey

#Past Quotes #Would Be Quotes #Entitlement Quotes

“Most blues don't have a beginning, middle, or end. You just cut a couple slices of blues.”
“All truth is given by revelation, either general or special, and it must be received by reason. Reason is the God-given means for discovering the truth that God discloses, whether in his world or his Word. While God wants to reach the heart with truth, he does not bypass the mind.”
“Lookin at herself, but wishing she was someone else because the body of the doll that don't look like hers at all. So she straps it on, she sucks it in, she throws it up and gives a grin.”
“I have always kept ducks, even as a child, and the colours of their plumage, in particular the dark green and snow white, seemed to me the only possible answer to the questions that are on my mind.”
“Sports can unite a group of people from different backgrounds, all working together to achieve a common goal. And even if they fall short, sharing that journey is an experience they'll never forget. It can teach some of the most fundamental and important human values: dedication, perseverance, hard work, and teamwork. It also teaches us how to handle our success and cope with our failure. So, perhaps the greatest glory of sport is that is teaches us so much about life itself.”
“I think right now it's a battle for the mindshare of developers and for the mindshare of customers, and right now iPhone and Android are winning that battle.”
“Often a healing takes place in ourselves as we pray for the healing of others.”
“Most climbers aren't in fact deranged, they're just infected with a particularly virulent strain of the Human Condition.”

Source : Jon Krakauer (2012). “Eiger Dreams: Ventures among men and mountains”, p.12, Pan Macmillan

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