Quotation of the Day…

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… is from page 27 of the 2015 Matthew Dale translation of Weiying Zhang’s superb 2010 book, The Logic of the Market:

How do enterprises create more surplus value? They rely on creativity. Market competition is not simply price competition. Instead, it is a competition to see who has the ability to produce new products, or uses new ways to produce products at a lower cost. It is a competition to see who can find new markets, discover new raw materials, and use new forms of organization to create higher value for the consumer. Whoever can do so will receive a larger market share.

DBx: Yes.

The image above is taken from this paper of mine from the 1980s.