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Societies for the History of Economics

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Subject:
HES: QUERY -- Pareto quotation
From:
[log in to unmask] (Michael Perelman)
Date:
Fri Mar 31 17:19:07 2006
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----------------- HES POSTING ----------------- 
Is anybody familar with a citation from Pareto? 
 
"A farmer can easily calculate whether at the market prices it is more advantageous to use
a horse or a tractor, but neither he nor any one in the world can determine the effect (of
the farmer's decision) on the prices of horses and tractors."
  
Michael Perelman 
 
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