In invoking the need for stringent economic regulations, their proponents regularly bring up the case that without these regulations the dumb consumer would fall prey to food poisoning, faulty production and all other sorts of calamities and disasters. In effect, they are saying that the consumer is far too stupid to have the capacity to…

One proposal that periodically resurfaces in debates on managing endangered species is so-called “privatization.” Predictably, it has emerged once again in the context of Cecil the Lion’s death at the hands of a rich safari-hunting dentist. Of course proposals for “privatization” generally come from the Right, and what they mean by it is reorganizing some…

Nel suo saggio classico, “The Use of Knowledge in Society” (L’Uso della Conoscenza nella Società, es), F. A. Hayek parla del concetto di conoscenza distribuita. Ogni individuo ha una conoscenza unica che deriva dalle sue esperienze e dalle sue preferenze, conoscenza a cui altri, per quanto informati, non possono accedere. Scrive Hayek: Dire che la…

You hear a knock at your door. It’s your friend Steve. While it’s physically impossible, Steve seems to bound through the door before you even open it. “Excited” is an understatement: he’s psyched, and you couldn’t reach his level even if you tried. Around two, you and Steve made plans to go out tonight. You…

Initial thoughts on “Informing the News” I recently picked up a copy of Harvard journalism professor Thomas E. Patterson’s latest book, “Informing the News: The Need for Knowledge-Based Journalism.” One of the things that immediately interested me about the work was its thesis, that the cure for journalism’s current “crisis of confidence,” as Patterson refers…

In his classic essay, “The Use of Knowledge in Society,” F.A. Hayek explains the concept of distributed knowledge. Every individual has unique knowledge shaped by their experiences and preferences, knowledge that may not be accessible to others, no matter how well educated they may be. Hayek writes: “Today it is almost heresy to suggest that…

C4SS has teamed up with the Distro of the Libertarian Left. The Distro produces and distribute zines and booklets on anarchism, market anarchist theory, counter-economics, and other movements for liberation. For every copy of Nathan Goodman‘s “The Knowledge Problem of Privilege” that you purchase through the Distro, C4SS will receive a percentage. Support C4SS with Nathan Goodman‘s “The Knowledge Problem of Privilege“. $1.00 for…