What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough.
当我们试图构建合理的经济秩序时,我们想要解决的问题是什么?根据我们熟悉的某些假设,答案其实很简单。

If we possess all the relevant information,
如果我们掌握了所有相关信息

if we can start out from a given system of preferences, and
如果我们可以从既定的偏好体系出发,而且

if we command complete knowledge of available means, the problem which remains is purely one of logic. That is, the answer to the question of what is the best use of the available means is implicit in our assumptions. The conditions which the solution of this optimum problem must satisfy have been fully worked out and can be stated best in mathematical form: put at their briefest, they are that the marginal rates of substitution between any two commodities or factors must be the same in all their different uses. [From “The Use of Knowledge in Society”]
如果我们对可用的手段了如指掌,那么剩下的问题就纯粹是逻辑问题了。也就是说,我们的假设中已经隐含了如何最好地利用现有手段这一问题的答案。解决这个最佳问题所必须满足的条件已经被充分研究出来,并可以用数学的形式加以表述:最简单地说,就是任何两种商品或要素之间的边际替代率在它们的所有不同用途上都必须是相同的。[摘自《知识在社会中的运用]