Cultural biases Quotes

“So is language change progress or degeneration? It is neither, of course. To assert that language change is for the better or worse requires some measure of what "good" or "bad" language is, and the issue of language change needn't come into question here. But no coherent criterion has ever been given: upon examination, the pronouncements of the self-appointed pundits are always a mix of cultural biases, half-understandings of languages, and an obvious compulsion for telling people what to do.”

“What is a price? It is a proposed point of agreement between a buyer and seller. The proposal is the key. It is not a marching order. Past prices represent deals done in history. Current prices represent possible deals in the future. Prices embed vast information about perceived realities: resource availability, consumer demand, cultural biases and habits, speculations about the future. The price is also an amazing tool. It provides an objective basis for accounting and the assessment of profit and loss. Without prices, real prices rooted in real market experience, we’d been lost.”