Knowledge (XXG)

Common law of business balance

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103:), an anonymous library staff member briefly mentions the statement and its widespread use, saying that, "This is one of many quotations ascribed to Ruskin, without there being any trace of them in his writings – although someone, somewhere, thought they sounded like Ruskin." Ruth Hutchison, who maintains the website for the Ruskin Centre at Lancaster University, stated that, "we have been asked many times about this quote, or similar versions of it, and have never been able to identify it as being by Ruskin. We suspect that it has been wrongly attributed to him in the past and found its way into a book of quotations or something like that." 42:
much, you lose a little money – that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot – it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better."
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The statement is often displayed or published in a one-sentence version: "There is hardly anything in the world that cannot be made a little worse and sold a little cheaper, and those who consider price alone are that man's lawful prey." This quote is often attributed to the British artist and poet,
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prominently displayed a section of the statement in framed signs. ("There is hardly anything in the world that someone cannot make a little worse and sell a little cheaper, and the people who consider price alone are that man's lawful prey.") The signs listed Ruskin as the author of the statement,
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This statement is also found in this lengthier version: "There is hardly anything in the world that cannot be made a little worse and sold a little cheaper, and those who consider price alone are that man's lawful prey. It's unwise to pay too much, but it's worse to pay too little. When you pay too
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Also in the 20th century and continuing into the 21st century, newspaper advertisements, magazine advertisements, trade publications, student publications, business books, technical publications, business catalogs, and other publications often included the statement with attribution to Ruskin.
73:, 1 Nov. 1914: "There is absolutely nothing in the world that some man cannot make a little worse and sell a little cheaper; and the people who consider price only are this man's lawful prey." Shapiro maintains that the statement does not appear anywhere in Ruskin's works. 183: 156: 29:, is the principle that one cannot pay a little and get a lot. That is, paying a cheap price will not guarantee the buyer will receive a product of high quality value. In other words, a low price of a good may indicate that the producer compromised quality. 110:, Bell quotes the statement and mentions that it has been attributed to Ruskin. While Bell believes in the veracity of the content of the statement, he adds that the statement does not appear in Ruskin's published works. 185:
Quality Control: Hearing Before the Task Force on Selected Defense Procurement Matters of the Committee on Armed Services, United States Senate, Ninety-eighth Congress, Second Session, October 18, 1984
118:
In the 20th century, this statement appeared—without any authorship attribution—in magazine advertisements, business catalogs, student publications, and, occasionally, in editorial columns.
561: 67:, 29 Jan. 1928. This quotation, repeated in many commercial advertisements, has not been found anywhere in Ruskin's works. An earlier unattributed occurrence appeared in 858: 461: 270: 964: 923: 522: 892: 378: 351: 166: 296:
Bell, Kenneth J. (1992). "Go Figure--Some Reflections on John Ruskin, Bid Evaluation, and the Accidental Triumph of Good Engineering".
974: 868: 218: 409: 684: 1030: 208: 702: 138:
but the signs gave no information on where or when Ruskin was supposed to have written, spoken, or published the statement.
998: 759: 860:
The Complexity Crisis: Why Too Many Products, Markets, and Customers Are Crippling Your Company and What to Do About It
182:
Matters, United States Congress Senate Committee on Armed Services Task Force on Selected Defense Procurement (1985).
578: 612: 324: 434: 274: 740: 938: 966:
Consumer Republic: Using Brands to Get What You Want, Make Corporations Behave, and Maybe Even Save the World
721: 635: 595: 63: 492: 623:. Berkeley, Ca.: University of California, College of Agriculture, Agricultural Experiment Station: 43 100: 81: 778: 69: 801: 538: 970: 864: 214: 162: 134: 824: 305: 247: 77: 50:
The statement has frequently been attributed to 19th-century art critic and social thinker
204: 131: 96: 1024: 705:. Morehead Planetarium, University of North Carolina at Chapel Hill. Archived from 472:(17). Manhattan, Kansas: Kansas State College of Agriculture and Applied Science: 4 706: 658: 51: 309: 600:(6th ed.). Chicago, Illinois: Mahogany Association, Inc. p. 47 493:"Advertising in the Barter Basement: Is Pitch More Potent than Payoff?" 61:, editor Fred R. Shapiro states that this statement was "Attributed in 54:, although there is little evidence to support Ruskin's authorship. 331:. Princeton, NJ: Donald C. Stuart, Jr. and Dan D. Coyle. p. 11 549:(8). Ottawa, Ontario, Canada: Carleton College: 6. 12 October 1954 92: 747:. Port Arthur, TX: Thomas Jefferson High School. p. 240 728:. Port Arthur, TX: Thomas Jefferson High School. p. 181 84:
is also skeptical of Ruskin's authorship of this statement.
745:
The Yellow Jacket, Yearbook of Thomas Jefferson High School
726:
The Yellow Jacket, Yearbook of Thomas Jefferson High School
766:. Beaumont, TX: The Students of Lamar College. p. 127 566:. Chicago, Illinois: Mahogany Association, Inc. p. 24 527:. Philadelphia, Pa.: Lehman Sprayshield Company. p. 4 76:
George Landow, a professor of English and art history at
672:(2). Fall River, MA: Greenkeepers Club of New England: 2 500:
Broadcasting: The Businessweekly of Television and Radio
563:
How to Identify Genuine Mahogany and Avoid Substitutes
502:. Washington, DC: Broadcasting Publications, Inc.: 133 999:"Soapbox: There are more ways than one to skin a cat" 414:. Pittsburgh, Pa.: Pittsburgh Reflector Co. p. 3 114:
Appearances in trade magazines and other publications
611:
Woods, Baldwin M.; Raber, Benedict F. (March 1935).
441:. 1938–1939. Sweet Briar, Va.: Sweet Briar College: 38:
John Ruskin. Or simply, "you get what you pay for."
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Principle that one cannot pay a little and get a lot
433:Art's Beauty Salon (1938). Sweet Briar YWCA (ed.). 969:. Toronto: McClelland & Stewart. p. 141. 666:Newsletter of the Greenkeepers Club of New England 657:Greenkeepers Club of New England (February 1931). 213:. New Haven: Yale University Press. p. 657. 323:Lewis C. Bowers; Sons, Inc. (9–15 March 1952). 924:"Price Competition and Expanding Alternatives" 634:Charles T. Bainbridge's Sons (February 1965). 583:. Euclid, Ohio: Shore High School. p. 41 99:(a major collection of Ruskiniana located at 8: 812:(45). Paterson, NJ: The Chronicle Company: 5 241: 239: 237: 789:(66). Ann Arbor, MI: University of Michigan 646:(2). New York: Syndicate Magazines, Inc.: 3 126:Displays of the statement at Baskin-Robbins 703:"Telescopes: What the Buyer Needs to Know" 199: 197: 195: 893:"Paradise Lost Or, Baskin-Robbins Rated" 491:Skoog, Jr., Charles V. (21 April 1958). 683:Pearson's Photographics (27 May 1949). 613:"Air Conditioning for California Homes" 439:Students' Handbook: Sweet Briar College 350:Plymouth Cordage, Co. (December 1913). 147: 800:Murphy, J. Palmer (16 December 1951). 7: 802:"Television Service Can Be Reliable" 521:Lehman Sprayshield Company (1938). 271:"On the present economic situation" 246:Landow, George P. (27 July 2007). 188:. U.S. Government Printing Office. 14: 838:(9). Harvest Publishing, Co.: 34 524:Shower Bath Enclosures by Lehman 352:"Mississippi River Improvements" 273:. Ruskin Library. Archived from 23:common law of business balance, 863:. Avon, Mass: Platinum Press. 823:Mott, Elmer (September 1975). 777:The Quarry (9 December 1934). 269:Ruskin Library (23 May 2011). 1: 891:Falcone, Marc (3 July 1973). 690:. Oxford Michigan. p. 10 411:Permaflector Lighting Catalog 155:Augustine, Norman R. (1997). 33:Versions with variant wording 997:Garret, Jerry (3 May 2011). 937:(8): 467–476. Archived from 106:In an issue of the journal, 922:North, Gary (August 1974). 685:"A Great Poet Once Said..." 460:F.E.C. (8 February 1933). 210:The Yale Book of Quotations 1047: 857:Mariotti, John L. (2008). 701:McColman, Richard (n.d.). 577:Shore High School (1934). 462:"Progress of Kansas Press" 377:Anonymous. (August 1917). 27:"you get what you pay for" 779:"Brand---Quality---Price" 408:Pittsburgh Reflector Co. 310:10.1080/01457639208939784 298:Heat Transfer Engineering 108:Heat Transfer Engineering 130:For many years, various 594:Lamb, George N (1947). 539:"Don't You be the Goat" 59:Yale Book of Quotations 46:Questions of authorship 1031:Economics catchphrases 963:Philip, Bruce (2011). 832:Weeds, Trees, and Turf 659:"Advertisers' Number" 383:Northwestern Druggist 248:"A Ruskin Quotation?" 64:Chicago Daily Tribune 758:Bluestein's (1950). 739:Bluestein's (1949). 720:Bluestein's (1948). 560:Lamb, Geo N (1940). 466:Kansas Industrialist 379:"Ain't it the Truth" 325:"Construction Costs" 101:Lancaster University 95:associated with the 87:In a posting of the 82:Victorian literature 80:and a specialist on 89:Ruskin Library News 70:The Washington Post 25:often expressed as 1005:. Yucca Valley, CA 783:The Michigan Daily 709:on 3 February 2003 250:. VictorianWeb.org 825:"Good 'n' Cheap!" 688:The Oxford Leader 597:The Mahogany Book 356:Plymouth Products 168:978-1-56347-240-4 135:ice cream parlors 1038: 1015: 1014: 1012: 1010: 994: 988: 987: 985: 983: 960: 954: 953: 951: 949: 943: 928: 919: 913: 912: 910: 908: 888: 882: 881: 879: 877: 854: 848: 847: 845: 843: 829: 821: 819: 817: 798: 796: 794: 775: 773: 771: 756: 754: 752: 737: 735: 733: 718: 716: 714: 699: 697: 695: 681: 679: 677: 663: 655: 653: 651: 632: 630: 628: 609: 607: 605: 592: 590: 588: 575: 573: 571: 558: 556: 554: 536: 534: 532: 518: 512: 511: 509: 507: 497: 488: 482: 481: 479: 477: 457: 451: 450: 448: 446: 430: 424: 423: 421: 419: 405: 399: 398: 396: 394: 374: 368: 367: 365: 363: 347: 341: 340: 338: 336: 320: 314: 313: 293: 287: 286: 284: 282: 266: 260: 259: 257: 255: 243: 232: 231: 229: 227: 201: 190: 189: 179: 173: 172: 158:Augustine's Laws 152: 78:Brown University 1046: 1045: 1041: 1040: 1039: 1037: 1036: 1035: 1021: 1020: 1019: 1018: 1008: 1006: 996: 995: 991: 981: 979: 977: 962: 961: 957: 947: 945: 944:on 29 July 2013 941: 926: 921: 920: 916: 906: 904: 890: 889: 885: 875: 873: 871: 856: 855: 851: 841: 839: 827: 822: 815: 813: 799: 792: 790: 776: 769: 767: 757: 750: 748: 738: 731: 729: 719: 712: 710: 700: 693: 691: 682: 675: 673: 661: 656: 649: 647: 636:"Advertisement" 633: 626: 624: 610: 603: 601: 593: 586: 584: 576: 569: 567: 559: 552: 550: 537: 530: 528: 520: 519: 515: 505: 503: 495: 490: 489: 485: 475: 473: 459: 458: 454: 444: 442: 435:"Advertisement" 432: 431: 427: 417: 415: 407: 406: 402: 392: 390: 376: 375: 371: 361: 359: 349: 348: 344: 334: 332: 322: 321: 317: 295: 294: 290: 280: 278: 277:on 15 June 2013 268: 267: 263: 253: 251: 245: 244: 235: 225: 223: 221: 205:Fred R. Shapiro 203: 202: 193: 181: 180: 176: 169: 154: 153: 149: 144: 128: 116: 48: 35: 17: 12: 11: 5: 1044: 1042: 1034: 1033: 1023: 1022: 1017: 1016: 1003:Hi-Desert Star 989: 975: 955: 914: 883: 869: 849: 513: 483: 452: 425: 400: 369: 342: 315: 288: 261: 233: 219: 191: 174: 167: 146: 145: 143: 140: 132:Baskin Robbins 127: 124: 115: 112: 97:Ruskin Library 47: 44: 34: 31: 15: 13: 10: 9: 6: 4: 3: 2: 1043: 1032: 1029: 1028: 1026: 1004: 1000: 993: 990: 978: 976:9780771070068 972: 968: 967: 959: 956: 940: 936: 932: 925: 918: 915: 902: 898: 894: 887: 884: 872: 870:9781605508535 866: 862: 861: 853: 850: 837: 833: 826: 811: 807: 806:The Chronicle 803: 788: 784: 780: 765: 761: 746: 742: 727: 723: 708: 704: 689: 686: 671: 667: 660: 645: 641: 637: 622: 618: 614: 599: 598: 582: 581: 565: 564: 548: 544: 540: 526: 525: 517: 514: 501: 494: 487: 484: 471: 467: 463: 456: 453: 440: 436: 429: 426: 413: 412: 404: 401: 388: 384: 380: 373: 370: 357: 353: 346: 343: 330: 326: 319: 316: 311: 307: 303: 299: 292: 289: 276: 272: 265: 262: 249: 242: 240: 238: 234: 222: 220:9780300107982 216: 212: 211: 206: 200: 198: 196: 192: 187: 186: 178: 175: 170: 164: 160: 159: 151: 148: 141: 139: 136: 133: 125: 123: 119: 113: 111: 109: 104: 102: 98: 94: 90: 85: 83: 79: 74: 72: 71: 66: 65: 60: 55: 53: 45: 43: 39: 32: 30: 28: 24: 19: 1007:. 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Index

John Ruskin
Chicago Daily Tribune
The Washington Post
Brown University
Victorian literature
blog
Ruskin Library
Lancaster University
Baskin Robbins
ice cream parlors
Augustine's Laws
ISBN
978-1-56347-240-4
Quality Control: Hearing Before the Task Force on Selected Defense Procurement Matters of the Committee on Armed Services, United States Senate, Ninety-eighth Congress, Second Session, October 18, 1984



Fred R. Shapiro
The Yale Book of Quotations
ISBN
9780300107982



"A Ruskin Quotation?"
"On the present economic situation"
the original
doi
10.1080/01457639208939784
"Construction Costs"

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