February 29, 2004

Hayek. After reading James Scott's worthwhile Seeing Like a State: Why Certain Schemes to Improve the Human Condition Have Failed Henry Farrell at Crooked Timber finds an opening for an attack on "free" markets from what he calls a "Hayekian" perspective -- invoking such themes as tacit knowledge and local rules, and contrasting these with abstract universal standards. Farrell is completely open about his limited experience with Hayek's complex work on these matters, and I'd second the notion that his speculations would be much improved with solid reference to Hayek's actual thinking on such things.

Worth checking out -- the comments section features an cogent discussion of local knowledge and rules competition from Hayek-L'er Chirag Kasbekar.

Posted by Greg Ransom | TrackBack