There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.
"Law, Legislation and Liberty". Book by Friedrich Hayek, Ch. 18 : The Containment of Power and the Dethronement of Politics, 1973.
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