Changes

Economic problems arise as a consequence of change. The price system is an efficient mechanism (in the market) for communicating information and inducing change (Hayek 1945). However, firms also adapt to change (Barnard 1938), and concious, deliberate, and purposeful cooperation is realized through formal organization (firms). When the price is a sufficient statistic, then the market excels. The sort of adaptation that are supported through price signals are autonomous (<math>A\,</math>) changes. However, some disturbances require coordinated (in later papers refered to as cooperative) responses, lest the components operate at cross purposes. These are <math>C\,</math> changes. Problems in addressing <math>C\,</math> changes include: