Falling prices through increased production is a wonderful…
“Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
In a free market, higher output drives prices down over time, reflecting competition and efficiency.
In simple terms: Free markets lower prices via competition.
More production → lower prices.
Themes
Mood
Type
When to use this quote
- policy debates about regulation
- business strategy planning
- consumer price expectations
Key Concepts
Practical Applications
- economic forecasting
- investment analysis
Questions to Reflect On
- How does competition affect consumer welfare?
- What limits might prevent this tendency?