"The administration of scarce resources is influenced by the standards of civilisation and by the organisation and institutions of the society in which men live. The influence is a two-fold one. The wants which the resources serve to satisfy are produc of standards of civilisation historically developed in society. The ways in which scarce resources are procured, adapted to various purposes, distributed among different persons are all results of social organisation and social institutions. Forms of ownership, institutions like corporations and banks, technical knowledge acquired in institutes of research and transmitted by schools, regulation by government agencies, habits and moral standards all influence the ways of administering scarce resources."
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"The Scope and Method of Economics", The Review of Economic Studies, 1945 - 1946, Vol. 13, No. 1 (1945 - 1946)
https://en.wikiquote.org/wiki/Oskar_R._Lange
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Oskar R. Lange
Oskar Ryszard Lange (July 27, 1904 – October 2, 1965) was a Polish economist and diplomat. He was most known for advocating the use of market pricing tools in socialist systems and providing a model of market socialism.
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