Distributed Knowledge & The Medical Economy

Jennifer Rubin discovers both Hayek’s knowledge problem and Hayek’s distributed knowledge and discovery procedure solution.  Did she read John Stossel or The Constitution of Liberty?

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Much of my research work since the 1950s has been focused on issued in welfare economics viewed from an informational perspective. The ideas of Hayek (whose classes at the London School of Economics I attended) have played a major role in influencing my thinking. — Leonid Hurwicz

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