3 ms·
The Wikipedia article on this mentions that Wikipedia was partly inspired by it, which makes sense in that it very much values local, decentralized knowledge an
by kreyenborgi 2y ago
The Wikipedia article on this mentions that Wikipedia was partly inspired by it, which makes sense in that it very much values local, decentralized knowledge and dismisses the possibility of an all-seeing oracle (which even the sum of Wikipedia is not, cf edit wars).
Compare and contrast the repost today of The Singularity - would Hayek believe that a computer (with the goal of being an Economy Maximizer) would even theoretically be able to have enough knowledge to implement economic equilibrium (and maintain that equilibrium over time)?