“At the heart of economics is a scientific mystery: How is it that
the pricing system accomplishes the world’s work without
anyone being in charge?
. . . None of us could have invented it, and its operation
depends in no way on anyone’s comprehension or
understanding of it . . .
The pricing system—how is order produced from freedom of
choice?—is a scientific mystery as deep, fundamental and
inspiring as that of the expanding universe or the forces that
1982. “Microeconomic systems as an experimental science.”
American Economic Review, Vol. 72, No. 4: 923-955.