"Optimizing responses of economic agents are simultaneously feasible only if the proper prices are already known to them. But these prices must somehow themselves be the result of the same responses."
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Academics from the United StatesNobel laureates from the United StatesMathematicians from the United StatesEconomists from the United StatesNobel laureates in Economics
Original Language: English
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Tjalling C. Koopmans, "Is the Theory of Competitive Equilibrium With It?," The American Economic Review, Vol. 64, No. 2, May 1974; p. 327
https://en.wikiquote.org/wiki/Tjalling_Koopmans
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Tjalling Koopmans
Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist, the joint winner with Leonid Kantorovich of the 1975 .
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