The time component of economic production became vital in Hayek's work in economic theory. Essentially, his economic work could be said to rest on the idea that the price system is a method for coordinating economic activity through time. (Alan O. Ebenstein)

The time component of economic production became vital in Hayek's work in economic theory. Essentially, his economic work could be said to rest on the idea that the price system is a method for coordinating economic activity through time.

Alan O. Ebenstein

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