Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant.
~Fredrich Hayek in The Constitution of Liberty
Thursday, February 3, 2011
Price Paradox
A new segment where I document prices I do not understand. This one comes from my local superstore:
1/2 Gallon of milk, $1.65 (x2 = $3.30) Gallon of milk, $3.98 Why would anyone buy the gallon?
Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant.
~Fredrich Hayek in The Constitution of Liberty
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