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I'm also a big fan of Hayek's "The Use of Knowledge in Society" which explains how a capitalist system, rather than being "unplanned" as its critics often claim
by jacoblyles 17y ago
I'm also a big fan of Hayek's "The Use of Knowledge in Society" which explains how a capitalist system, rather than being "unplanned" as its critics often claim, actually uses decentralized planning that makes more efficient use of knowledge at all levels of society.
http://www.econlib.org/library/Essays/hykKnw1.html http://www.econlib.org/library/Essays/hykKnw1.html