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.

-- Michael Polanyi


		Name: Michael Polanyi Type: Scientist Nationality: Hungarian Birth: March 11, 1891 Death: February 22, 1976

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