The Use of Knowledge in Society
F. A. Hayek — The Use of Knowledge in Society (1945)F. A. Hayek · 1945 · ArticleTheorySource attached · not independently reviewedCLM-1158 · as of 2026-10-30 · about: Socialist calculation debate · Author: Polity Atlas editorial team
“Hayek (1945) argued that the central economic problem is using knowledge of particular circumstances of time and place that is dispersed among many people and never given to a single mind, and that the price system communicates this knowledge.”
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