How Prices Keep Us From Squandering Resources

“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 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
Robert Murphy’s Choice
Later Additions:
Economics in One Lesson – Henry Hazlitt
Basic Economics – Thomas Sowell

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