Raghuram Rajan quote

Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
Raghuram Rajan

Links

Cite this page: Citation
The Third Pillar: How Markets and the State Leave the Community Behind
The Third Pillar: How Markets and the State Leave the Community Behind
on Amazon
Buy now

Quotes To Explore

More quotes?

Try another of these similiar topics.