David Graeber Quote
There was a particular hostility to anything that smacked of price-fixing. One much-repeated story held that the Prophet himself had refused to force merchants to lower prices during a shortage in the city of Medina, on the grounds that doing so would be sacrilegious, since, in a free-market situation, prices depend on the will of God.82 Most legal scholars interpreted Mohammed’s decision to mean that any government interference in market mechanisms should be considered similarly sacrilegious, since markets were designed by God to regulate themselves.
David Graeber
There was a particular hostility to anything that smacked of price-fixing. One much-repeated story held that the Prophet himself had refused to force merchants to lower prices during a shortage in the city of Medina, on the grounds that doing so would be sacrilegious, since, in a free-market situation, prices depend on the will of God.82 Most legal scholars interpreted Mohammed’s decision to mean that any government interference in market mechanisms should be considered similarly sacrilegious, since markets were designed by God to regulate themselves.
Related Quotes
Your driver is on the steer, driving you and you can feel free to doze in the car; this is trust built on competence. Competence is to ensure that your actions put people's hearts at ease when things...
Israelmore Ayivor
Tags:
at ease, best, car, competence, competency, competent, competent actions, competent hands, doze, drive