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But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.
Michael Polanyi
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"But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money."
— Michael Polanyi #healthfitness #moneywealth

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But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money. — Michael Polanyi

About Michael Polanyi

Michael Polanyi was a Scientist from Hungary (1891–1976).

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Frequently Asked Questions

Who said "But the system of prices ruling the market not only transmits information in th…"?
This quote is attributed to Michael Polanyi, a Scientist from Hungary.
When did Michael Polanyi live?
Michael Polanyi lived from 1891 – 1976.
What is this quote about?
This quote touches on Health & Fitness, Money & Wealth. Browse more quotes on these themes from the categories page.