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How Markets Use Knowledge
Posted By Russ Roberts On September 20, 2011 @ 4:23 pm In Complexity & Emergence | Comments Disabled
If you are teaching Microeconomics or Principles this semester, please feel free to share this visual essay of mine  with your students. It is my attempt to convey the lesson of Hayek’s Use of Knowledge in Society  using supply and demand.
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URL to article: http://cafehayek.com/2011/09/how-markets-use-knowledge.html
URLs in this post:
 share this visual essay of mine: http://www.invisibleheart.com/HowMarketsUseKnowledge.pdf
 Use of Knowledge in Society: http://www.econlib.org/library/Essays/hykKnw1.html
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