But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.


The Republic of Science, Its Political and Economic Theory (ed. 1962)

Michael Polanyi Quotes

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it ...

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it ...

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it ...

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it ...