HAYEK : PROFIT IS INFORMATION “By pursuing profit, we are as altruistic as we ca

HAYEK : PROFIT IS INFORMATION

“By pursuing profit, we are as altruistic as we can possibly be. Profit is the signal which tells us what we must do to serve people whom we do not know.” ~ F. A. Hayek

“…civilization begins when the individual in the pursuit of his ends can make use of more knowledge than he has himself acquired, and when he can transcend the boundaries of his ignorance, by profiting from knowledge he does not himself possess.” ~ F. A. Hayek

(reminder from a friend)