Hayek on the wisdom of prices
This paper re-examines Hayek's insights into the problem of knowledge in markets, and argues that his analysis remains pertinent but has serious flaws. His central thesis—that the market price system is essential for communicating information and coordinating transactions wherever knowledge is disp...
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| Hlavní autor: | |
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| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Erasmus Institute for Philosophy and Economics
2013-05-01
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| Edice: | Erasmus Journal for Philosophy and Economics |
| Témata: | |
| On-line přístup: | https://ejpe.org/journal/article/view/120 |
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