“There mere idea that the planning authority could ever possess a complete inventory of the amounts and qualities of all the different materials and instruments of production of which the manager of a particular plant will know or be able to find out makes the whole proposal a somewhat comic fiction. Once this is recognised it becomes obvious that what prices ought to be can never be determined without relying on competitive markets.”

—  Friedrich Hayek

1980s and later, "Two Pages of Fiction" (1982)

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Friedrich Hayek 79
Austrian and British economist and Nobel Prize for Economic… 1899–1992

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