von hayek Flashcards
1
Q
what was hayeks claim that countered lange and the partesians?
A
he claimed that prices are not merely rates of exchange between two goods but rather a mechanism for communicating information
introduction to the history of economic thought > von hayek > Flashcards
what was hayeks claim that countered lange and the partesians?
he claimed that prices are not merely rates of exchange between two goods but rather a mechanism for communicating information