Economia
"We must look at the price system as such a mechanism for the communicating information if we want to understand its real function ... It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, ..., in order to adjust their activities to changes which they may never know more than is reflected in the price movement. Of course, these adjustments are probably never "perfect" in the sense in which the economists conceives of them in his equilibrium analysis. But I fear that our theoretical habits of approaching the problem with more or less perfect knowledge on the part of almost everyone has made us somewhat blind to the true function of the price mechanism and led us to apply rather misleading standards in judging its efficiency." F. A. Hayek, "The Use of Knowledge in Society," AER (September 1945)
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- Efeitos Da Expansão Monetária
Quotation of the Day… by Don Boudreaux on December 7, 2012 in Complexity & Emergence, Hayek, Prices, State of Macro … is from page 202 of Gerald P. O’Driscoll’s and Sudha R. Shenoy’s incisive 1974 essay, “Inflation, Recession, and...
- Função Do Cálculo Monetário
Steven Horwitz explica: "... The ability to compare input costs is what enables producers to engage in what I call the forward- and backward-looking aspects of monetary calculation. Having money prices at their disposal allows producers to project...
- Realidade Econômica E A Teoria Econômica
Where Did Economics Go Wrong? Modern Economics as a Flight from Reality Peter J. Boettke George Mason University - Department of Economics Critical Review, Vol. 11, No. 1, pp. 11-64, Winter 1997 Abstract: F.A. Hayek's realistic...
- A Função Do Sistema De Preços
F. A. Hayek: Prices and Economic Order "... In 1936, the year in which (entirely coincidentally) John Maynard Keynes published The General Theory, I suddenly saw, as I prepared my presidential address to the London Economic Club, that my previous...
- Como Manipular A Estadística
Jim Jubak: "... Most criticism of the official inflation number, the Consumer Price Index, or CPI, has focused on the statistical flimflam used by the Bureau of Labor Statistics to calculate how fast prices are going up. Chief among these is a technique...
Economia
O sistema de preços
"We must look at the price system as such a mechanism for the communicating information if we want to understand its real function ... It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, ..., in order to adjust their activities to changes which they may never know more than is reflected in the price movement. Of course, these adjustments are probably never "perfect" in the sense in which the economists conceives of them in his equilibrium analysis. But I fear that our theoretical habits of approaching the problem with more or less perfect knowledge on the part of almost everyone has made us somewhat blind to the true function of the price mechanism and led us to apply rather misleading standards in judging its efficiency." F. A. Hayek, "The Use of Knowledge in Society," AER (September 1945)
Veja também
A função do sistema de preços
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- Efeitos Da Expansão Monetária
Quotation of the Day… by Don Boudreaux on December 7, 2012 in Complexity & Emergence, Hayek, Prices, State of Macro … is from page 202 of Gerald P. O’Driscoll’s and Sudha R. Shenoy’s incisive 1974 essay, “Inflation, Recession, and...
- Função Do Cálculo Monetário
Steven Horwitz explica: "... The ability to compare input costs is what enables producers to engage in what I call the forward- and backward-looking aspects of monetary calculation. Having money prices at their disposal allows producers to project...
- Realidade Econômica E A Teoria Econômica
Where Did Economics Go Wrong? Modern Economics as a Flight from Reality Peter J. Boettke George Mason University - Department of Economics Critical Review, Vol. 11, No. 1, pp. 11-64, Winter 1997 Abstract: F.A. Hayek's realistic...
- A Função Do Sistema De Preços
F. A. Hayek: Prices and Economic Order "... In 1936, the year in which (entirely coincidentally) John Maynard Keynes published The General Theory, I suddenly saw, as I prepared my presidential address to the London Economic Club, that my previous...
- Como Manipular A Estadística
Jim Jubak: "... Most criticism of the official inflation number, the Consumer Price Index, or CPI, has focused on the statistical flimflam used by the Bureau of Labor Statistics to calculate how fast prices are going up. Chief among these is a technique...