I recommend a related essay by Hayek, “Competition as a Discovery Procedure.”
To save folks from Googling it: https://mises.org/journals/qjae/pdf/qjae5_3_3.pdf (PDF file, 15 pages)
I recommend a related essay by Hayek, “Competition as a Discovery Procedure.”
To save folks from Googling it: https://mises.org/journals/qjae/pdf/qjae5_3_3.pdf (PDF file, 15 pages)