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]” (1967, 174).
Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 2195