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.


Income Expense Dine Librium Coord 


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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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