“Hayek on Tacit Knowledge” by Fuat Oguz. Abstract:

This paper discusses the place of ‘tacit knowledge’ in Hayek’s writings. How did Hayek understand tacit knowledge? How did his understanding change through time? I address these questions and follow the change in Hayek’s works from skills and techniques of thought in the 1930s to the use . . . → Read More: ARTICLE — HAYEK ON TACIT KNOWLEDGE

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I think that permanence and stability are the cardinal virtues of the legal rules that make private innovation and public progress possible. To my mind there is no doubt that a legal regime that embraced private property and freedom of contract is the only one that in practice can offer that permanence and stability .. In reaching this conclusion, I have been heavily influenced by the work of Friedrich Hayek. — Richard Epstein

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