Interestingly, here is where Hayek rejected the maximization of utility as the standard equilibrium. [fact]

    Interestingly, here is where Hayek rejected the maximization of utility as the standard equilibrium. [fact]
  

Interestingly, here is where Hayek rejected the maximization of utility as the standard equilibrium concept in neoclassical economic theory. Markets don’t maximize happiness, rather, “the use of the market mechanism brings more of the dispersed knowledge of society into play than by any other [method]” (Studies in Philosophy, Politics and Economics, p. 174).
Philip Mirowski, Never Let a Serious Crisis …, loc. 1926