TweetOver at EconLog, Kevin Corcoran has an excellent post refuting a naive-person’s assertion that central planners can acquire all the knowledge they need to successfully ‘plan’ an economy simply by asking people, questionnaire-style, what they want. But there’s an additional point to be made in response to this naive-person’s assertion. The additional point is this:…
The Ultimate Knowledge Problem
The Ultimate Knowledge Problem
20 Oct 2023 Leave a comment
in Austrian economics, F.A. Hayek Tags: economics of central planning
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