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Hayek on the essential dispersion of market knowledge |
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| Authors: | Condic Samuel B Morefield Roger |
| Institution: | 1.Cameron School of Business, University of St. Thomas, 3800 Montrose Blvd, Houston, TX, 77006, USA ; |
| Abstract: | The Review of Austrian Economics - A key insight in Hayek’s thought is the importance of so-called “local knowledge” in economic activity. In The Fatal Conceit, he states that... |
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