9 min listen
CryptoQuikRead_251 - Use of Knowledge in Society [Part 2 - F. A. Hayek]
FromBitcoin Audible
ratings:
Length:
53 minutes
Released:
May 22, 2019
Format:
Podcast episode
Description
The brilliance of the price system is in coordinating the values, deeply limited knowledge and scarce resources precisely to their highest value need without having to understand or be aware of every single change in supply, alternatives, and uses of those resources among the economic participants. It is specifically because we only receive the most important piece of information, its new value in relation to other things (the price), that we can so quickly align ourselves with the new state of the world. Don't miss the conclusion of Hayek's work, "The Use of Knowledge in Society."
Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org.
https://fee.org/articles/the-use-of-knowledge-in-society/#0
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Visit the full piece, and the collection of other great work, economic analysis, news, & more over at fee.org.
https://fee.org/articles/the-use-of-knowledge-in-society/#0
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Released:
May 22, 2019
Format:
Podcast episode
Titles in the series (100)
CryptoQuikRead_012 - Wyoming House Unanimously Approves Two Pro-Blockchain Bills by Bitcoin Audible