The Use of Knowledge in Society
Friedrich Hayek
Lu par LibriVox Volunteers
An article written from a scholarly point of view in 1945 which critically examines the concept of a planned economy while highlighting the efficiencies of a decentralized market structure (as propounded by Ludwig von Mises and the Austrian School of Economics). Hayek, famous for stating von Mises' complex theories in more understandable terms, highlights in this short paper the important role of "localized information" in a decentralized economic structure, which is unavailable to central planners, comparing their purely theoretical arguments against real "free market" statistics that have been proven over time and practice to produce better results. (Summary by msfry/progressingamerica) (0 hr 38 min)
Chapitres
| Introduction | 5:25 | Lu par Stacey Malcolm |
| The Use of Knowledge in Society | 6:22 | Lu par MaryT |
| Uncommon Knowledge | 5:12 | Lu par Ted Lienhart |
| The Planner's Dilemma | 6:45 | Lu par gont |
| Useful Individual Knowledge | 4:26 | Lu par antonyjc66 |
| "Miracle" of the Price System | 10:27 | Lu par Ted Lienhart |