A Quote by Edmund Phelps

With less competition to fear, companies are emboldened to raise their mark-ups and profits. That lifts share prices and thus the wealth of already wealthy shareholders.

Edmund Phelps

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Companies Competition Fear Less Lifts Mark Prices Profits Raise Share Share Price Shareholders Thus Ups Wealth Wealthy

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Edmund Phelps
American - Economist
Born: July 26, 1933

People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.

Malcolm Turnbull

With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.

Hillary Clinton

The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.

David Cay Johnston

People work hard and companies make big profits, but employees don't see that they share in the wealth they help to create.

Mariana Mazzucato

Family business management is a discipline that has evolved from an art into a science. The market for this line of education has been created by the growing recognition of family-run companies that shareholders are demanding greater clarity on issues ranging from succession to the management of wealth and the distribution of profits.

Sanjaya Baru

Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses

Alfred P. Sloan

Occupational licensing laws - in trades like moving companies, realtors, hair dressers, limousine services, beauticians, physical therapy, and on and on - stunt small business start ups, destroy jobs, and raise prices for lower-income consumers.

Stephen Moore

Companies that are publicly held have a fiduciary duty to their shareholders to try to maximize their profits within ethical reasons.

Evan Bayh

Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.

Marcia Angell

Raising the minimum wage represents a substantial financial burden for employers, particularly start-ups, early stage companies, and family-owned businesses. In response, business owners would be forced to either lay off workers or raise prices to offset the rise in labor costs.

Fabrizio Moreira

We compete with very large companies. These are companies like Walmart and Target and Kroger and some very successful digital companies like eBay and Etsy and Wayfair, and we don't have the ability to raise prices in any kind of unfettered way.

Andy Jassy

Work of all kinds is got from poor women, at prices that will not keep soul and body together, and then the articles thus made aresold for prices that give monstrous prices to the capitalist, who thus grows rich on the hard labor of our sex.

Catharine Beecher

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.

Mark Zandi

Our focus is on the customers and improving their experience. We believe that if we do that well, competition, prices, and profits will all take care of themselves.

Bhavish Aggarwal

The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

Thomas Sowell

A Quote by Edmund Phelps

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