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It is a general prevalence of double coincidence of information rather than wants by both parties that would avoid the use of money.

— Armen Alchian

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More quotes by Armen Alchian

Where foresight is uncertain, “profit maximization” is meaningless as a guide to specifiable action.

The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical, careful, fact-gathering individuals.

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Men accept servility in order to acquire wealth; as if they could acquire anything of their own when they cannot even assert that they belong to themselves.

Étienne de La Boétie Discourse on Voluntary Servitude (1548)

Health is the greatest gift, contentment is the greatest wealth, a trusted friend is the best relative, Nibbana is the greatest bliss.

Gautama Buddha

Opulence is always the result of theft, if not committed by the actual possessor, then by his predecessor.

Jerome The Cry for Justice (1915)

Bourgeois society is ruled by equivalence. It makes the dissimilar comparable by reducing it to abstract quantities. To the Enlightenment, that which does not reduce to numbers, and ultimately to the one, becomes illusion.

Max Horkheimer Dialektik der Aufklärung [Dialectic of Enlightenment (1944)

Attribution

Quote text and notes from Wikiquote: Armen Alchian (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.