Timeline

Lifetime: 1899 - 1992 Passed: ≈ 32 years ago

Title

Writer

Country/Nationality

Friedrich Hayek

Books by Friedrich Hayek

Use of Knowledge in Society Cover image

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...