Friedrich August von Hayek: We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

-- Friedrich August von Hayek


		Name: Friedrich August von Hayek Type: Economist Nationality: Austrian Birth: May 8, 1899 Death: March 23, 1992

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