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Hayek's "The Use of Knowledge in Society" contains the most important and fundamental insight about markets. It's an essay worth a read every couple years.
by ChicagoBoy11 7y ago
Hayek's "The Use of Knowledge in Society" contains the most important and fundamental insight about markets. It's an essay worth a read every couple years.
- Matticus_Rex 7y agoIf you're reading this and seeing "Hayek" and thinking "nah, that's conservative/libertarian propaganda," reconsider for your own sake. This essay isn't political, and some of the insights have been largely accepted by virtually all economists. The essay also inspired Wikipedia and is constantly cited by innovators as having been massively influential on their thinking.