-Hayek´s theory, on how changing prices provide data useful for people to define their plans is a significant milestone in economics, led him to win the Nobel Prize.
-In his theory, fighting recession with expansionary policies was believed to lead to too many investment plans that could not actually be maintained, limiting a needed process of adjustment and setting up possibilities for future inflation.
-Hayek stated as a fallacy of the dogma of perfect competition the idea that producers can know as a fact the shape of the consumers demand curve because that´s a variable to be discovered.
