There exists no third principle for the organisation of the...

There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.

Friedrich August von Hayek Quote About Principles, Groups, Economics: There Exists No Third Principle...

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