Michael Polanyi

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.
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.
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These are some quotes by Hungarian author Michael Polanyi Scientist, who lived between March 11, 1891 and February 22, 1976.