“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
Kevin Williamson on why “We cannot make intelligent reforms without real prices, because we are blind without them.”
HT Michael Cannon.
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Modern economics has not really done its job in making it clear to the public that the price system is the indispensable condition not only of our wealth but of the survival of a large part of the population of the world. — F. A. Hayek
Modern economics has not really done its job in making it clear to the public that the price system is the indispensable condition not only of our wealth but of the survival of a large part of the population of the world.
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