Timeline
Lifetime:
1899 -
1992
Passed: ≈
32 years ago
Title
Writer
Country/Nationality
Friedrich Hayek
Books by Friedrich Hayek
Use of Knowledge in Society
Philosophy
Political Science
Non-Fiction
Essays
Efficiency
Knowledge
Capitalism
Socialism
Economics
Competition
Planning
Free market
Market
Information
Decentralization
Central planning
In "Use of Knowledge in Society," Friedrich Hayek argues against the feasibility and efficiency of a centrally planned economy. He emphasizes the inherent limitations of central planning in accessing and utilizing the dispersed knowledge present with...