“this system of prices is not an organized institution or structure that was created by any single person’s design. It was simply a natural consequence of trade between people even before money in a barter economy.” – Hayek

A short article from FEE.org introducing the workings of the market price system by Jacob Dowell.

Links to the article and other great works to dig deeper into this topic of study:
How Prices Keep Us From Squandering Resources
Jacob Dowell’s page
Human Action on Mises.org
Robert Murphy’s Choice
Later Additions:
Economics in One Lesson – Henry Hazlitt
Basic Economics – Thomas Sowell

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