--- title: "Meaning & Key Takeaway of: But the system of prices ruling the…" description: "\"But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it a..." image: "https://sms4smile.com/quotes/i/be8/michael-polanyi-17316_action_but-the-system-of-prices-ruling-the-mark_2827275.jpg" --- # But the system of prices ruling the market not only… ![“But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.” quote by Michael Polanyi](https://sms4smile.com/quotes/i/be8/michael-polanyi-17316_action_but-the-system-of-prices-ruling-the-mark_2827275.jpg) [Download](https://sms4smile.com/quotes/i/be8/michael-polanyi-17316_action_but-the-system-of-prices-ruling-the-mark_2827275.jpg) [Open image](https://sms4smile.com/quotes/i/be8/michael-polanyi-17316_action_but-the-system-of-prices-ruling-the-mark_2827275.jpg) > “But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.” [Michael Polanyi](https://sms4smile.com/quotes/author/michael-polanyi/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Prices convey information and create incentives for economic efficiency, shaping market behavior. **In simple terms:** Prices inform and motivate efficient spending. Key Takeaway Use price signals wisely. Themes economics incentives information Mood analytical critical Type economical educational When to use this quote - business strategy - public policy - personal budgeting - investment decisions Key Concepts market theory behavioral economics Questions to Reflect On - How do price signals affect your choices? - What are limits of price incentives? A Different Perspective Assumes rational actors; may ignore inequality. ★ ★ ★ ★ ★ No ratings yet [Action](https://sms4smile.com/quotes/about/action/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Exercise](https://sms4smile.com/quotes/about/exercise/) [Incentives](https://sms4smile.com/quotes/about/incentives/) [Investing](https://sms4smile.com/quotes/about/investing/) [Light](https://sms4smile.com/quotes/about/light/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [I want to do more and more; it provides me with an incentive.](https://sms4smile.com/quotes/edin-dzeko/i-want-to-do-more-and-more-it-provides-me-with-an-incentive/) [Edin Dzeko](https://sms4smile.com/quotes/author/edin-dzeko/) > [“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…](https://sms4smile.com/quotes/pierre-bourdieu/everything-economic-science-posits-as-given-that-is-the-range-of/) [Pierre Bourdieu](https://sms4smile.com/quotes/author/pierre-bourdieu/) > [In the mid-'60s in Berkeley, the theory of measure spaces of economic agents became one of my main interests.](https://sms4smile.com/quotes/gerard-debreu/in-the-mid-60s-in-berkeley-the-theory-of-measure-spaces-of-economic/) Gerard Debreu > [When you rely on incentives, you undermine virtues. 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