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Cattle cycle causes beef-price cycles--cattle cycle, beef price cycle, beef prices (999 words) |
 | Prices were projected to continue toward the cycle top, but the Sept. 11, 2001, terrorist attacks decimated the high-value beef market as people stopped flying. |
| The proof is in the price of bred heifers in 2005 and early 2006. |
| Prices are projected to continue responding to the increased feeder numbers for the rest of the current decade. |
| Friedrich von Hayek and the Price System (1465 words) |
| By using prices (values) in which all the relevant information is concentrated; and by adjusting the quantities one by one, he can appropriately rearrange his dispositions without having to solve the whole puzzle ab initio, or without needing at any stage to survey it at once in all its ramifications. |
| Fundamentally, in a system where the knowledge of the relevant facts is dispersed among many people, prices can act to coordinate the separate actions of different people in the same way as subjective values help the individual to coordinate the parts of his plan. |
| The price system is just one of those formations which man has learned to use (though he is still very far from having learned to make the best use of it) after he had stumbled upon it without understanding it. |
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