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'The Use of Knowledge in Society'. American Economic Review, Vol. 35, No. 4, Sept., 1945, pp. 519-530.


Verlag: 1945, 1945
Gebraucht Zustand: Very Good Hardcover
Verkäufer Ted Kottler, Bookseller (Redondo Beach, CA, USA)

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Entire Vol. 35 for the year 1945 offered, with the original wrappers for each issue bound in. Buckram. 'The Use of Knowledge in Society is a scholarly article written by economist Friedrich Hayek, first published in the September 1945 issue of The American Economic Review. Written (along with The Meaning of Competition) as a rebuttal to fellow economist Oskar R. Lange and his endorsement of a planned economy, it was included among the twelve essays in Hayek's 1948 compendium Individualism and Economic Order. . . . 'The Use of Knowledge in Society' met with a poor reception from fellow economists because of the contemporary political climate and its perception as being overly trivial in its critiques. Partly as a result of this disappointing outcome, Hayek had by the end of the 1940s ceased to target his literature at the established economic community. Twenty years later these ideas had become more tolerable; today several are accepted as basic economic tenets. Specifically, the essay's central argument that market price fluctuations promote efficient distribution of resources is embraced by most modern economists. In 2011 'The Use of Knowledge in Society' was selected as one of the top 20 articles published in the American Economic Review during its first 100 years' (en [dot] wikipedia [dot] org/wiki/The_Use_of_Knowledge_in_Society). Buchnummer des Verkäufers 23350

Bibliografische Details

Titel: 'The Use of Knowledge in Society'. American ...

Verlag: 1945

Erscheinungsdatum: 1945

Einband: Hardcover

Zustand: Very Good

Zustand des Schutzumschlags: No Jacket

Auflage: 1st Edition


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