The balance between consumption and production makes price. The market settles, and alone can settle, that price. Market is the meeting and conferenc… - Edmund Burke

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The balance between consumption and production makes price. The market settles, and alone can settle, that price. Market is the meeting and conference of the consumer and producer, when they mutually discover each other’s wants. Nobody, I believe, has observed with any reflection what market is, without being astonished at the truth, the correctness, the celerity, the general equity, with which the balance of wants is settled. They who wish the destruction of that balance, and would fain by arbitrary regulation decree, that defective production should not be compensated by encreased price, directly lay their axe to the root of production itself. [Thoughts and Details on Scarcity]

English
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About Edmund Burke

Edmund Burke (12 January 1729 – 9 July 1797) was a British and Irish statesman and philosopher. Born in Dublin, Burke served as a member of parliament (MP) between 1766 and 1794 in the House of Commons of Great Britain with the Whig Party after moving to London in 1750.

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Additional quotes by Edmund Burke

Astonishment is the effect of the sublime in its highest degree, the inferior effects are admiration, reverence and respect.

The Crown of Great Britain cannot, in my opinion, be too magnificent. Let us see some great public works set on foot; let it never be said, that the Commons of Great Britain failed in what they owe to the first Crown in the world. Looking up to royalty, I do say, it is the oldest and one of the best parts of our constitution. I wish it should look like royalty; that it should look like a King; like a King of Great Britain.

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Those who have been once intoxicated with power, and have derived any kind of emolument from it, even though but for one year, never can willingly abandon it. They may be distressed in the midst of all their power; but they will never look to any thing but power for their relief.

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