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Updated: June 9, 2025
They assumed that this ideal would be best secured by "perfect competition." The employer would choose the worker who would come for the lowest wage; the worker would choose the employer who would pay him the highest wage; and so, by a process similar to the higgling of a commodity market, the desirable uniform wage-level would become established.
It is quite incorrect to say, as has been sometimes said, that the mediæval just price was in no way different from the competition price of to-day which is arrived at by the higgling of the market. Dr. Cunningham is very explicit and clear on this point.
This is a fundamental proposition in any true system of ethics, the question what is too much or too sudden being decided by much the same higgling as settles the price of butter in a country market, and being as invisible as the link which connects the last moment of desire with the first of power and performance, and with the material result achieved.
Nevertheless you may, if you choose, retire with my council, and see if together you can come to some good conclusion." Thus spoke Elizabeth, like the wise, courageous, and very parsimonious princess that she was. Alas, it was too true, that Saguntum was perishing while the higgling went on at Rome.
"The genius of a people," he says, "where nothing but the monarchy is Salique, having ceded this department totally to the women, by a continual higgling with customers of all ranks and sizes, from morning to night, like so many rough pebbles in a bag, by amicable collisions, they have worn down their asperities and sharp angles, and not only become round and smooth, but will receive, some of them, a polish like a brilliant."
And thus did the fishwife retaliate on her niggardly customer. When my mother had got her fish laid at the bottom of the creel, she next went to the "flesher" for her butcher-meat. There was no higgling here, for the meat was sold at the ordinary market price. The caddy's creel was then topped up, and the marketing was completed.
Accordingly, all the serf-owners made it their business to drop in upon Tchitchikof in a purely casual manner; and contrived, after more or less higgling, to depart with a larger quantity of the current coin of Russia in their possession than they possessed on first seeking the interview. In a few days, Tchitchikof found himself possessed of 2000 souls, at the moderate cost of 19,500 rubles.
Every author has a way of his own in bringing his points to bear; for my own part, as I hate chaffering and higgling for a few guineas in a dark entry; I resolved within myself, from the very beginning, to deal squarely and openly with your Great Folks in this affair, and try whether I should not come off the better by it.
The pilot, as Mark Twain said of the Mississippi, must carry the conformation in his head. As a matter of fact each group or agent of production receives, not what it must receive, but rather what it manages to secure in the higgling of the market. Ignorance of the state of the market plays a part in distribution.
How far a man has any right to be more lucky and hence more venerable than his neighbours, is a point that always has been, and always will be, settled proximately by a kind of higgling and haggling of the market, and ultimately by brute force; but however this may be, it stands to reason that no man should be allowed to be unlucky to more than a very moderate extent."
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