hmm probably all you need to know is in Hayek's The Use of Knowledge in Society (1945). available for free, ten pages or so
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Replying to @pammalamma
Genuinely curious what you get from it! I used to assign it to my class but that was a very different context.
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Replying to @pammalamma
Ah yes. There's a lot rolled into that statement. An example: maybe your paycheck doesn't change, but your employer scales other benefits (company cars, on site restaurants, schedule flexibility, bonuses, maternity, etc) over time
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Replying to @eigenrobot @pammalamma
basically lots of things happen in a transaction apart from money and goods changing hands, and I think he's gesturing at those
10:26 AM - 1 Jul 2020
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