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are we not yet bound to analyse that compound result we call price rather than to accept it as a supreme and blind ruler of our actions?

April 26, 2017Actions analyse blind bound compound price ruler Supreme

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are we not yet bound to analyse that compound result we call price rather than to accept it as a supreme and blind ruler of our actions?

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[Fields, Factories and Workshops Tomorrow, p. 71] It is precisely these real costs, hidden by price, which need to be communicated to producers and consumers for them to make informed and rational decisions concerning their economic activity.