Prices and Needs

  • John Meadowcroft


The epistemological function of market prices is central to the ethical case for the market made in this book: it is claimed that within an advanced economy, price signals facilitate economic coordination more successfully and communicate the needs of people more accurately than any other mechanism.


Market Price Market Economy Relative Prex Price Mechanism Market Process 
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Copyright information

© John Meadowcroft 2005

Authors and Affiliations

  • John Meadowcroft
    • 1
    • 2
  1. 1.Institute of Economic AffairsLondonUK
  2. 2.Hansard Scholars ProgrammeLondon School of Economics and Political ScienceLondonUK

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