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…

C4SS Feed 44 presents Roderick Long‘s “History of an Idea” read by Jeff Riggenbach and edited by Nick Ford. So long as the confusion between free markets and plutocracy persists – so long as libertarians allow their laudable attraction to free markets to fool them into defending plutocracy, and so long as those on the left allow their…

C4SS Feed 44 presents Roderick Long‘s “History of an Idea” read by Jeff Riggenbach and edited by Nick Ford. … Everyone knows about economies of scale; after all, that’s why we have firms in the first place. What Rothbard’s analysis shows is that there are also diseconomies of scale, and that these grow more severe as vertical integration…

C4SS Feed 44 presents “Economic Calculation in the Corporate Commonwealth” from the book Markets Not Capitalism, written by Kevin Carson, read by Stephanie Murphy and edited by Nick Ford. Try as he might, Mises could not exempt the capitalist corporation from the problem of bureaucracy. One cannot define bureaucracy out of existence, or overcome the problem of distributed knowledge,…

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 Media presents Ken MacLeod‘s “The Star Fraction – Introduction to the American Edition”, read by James Tuttle and edited by Nick Ford.

This calculation argument can be applied not only to a state-planned economy, but also to the internal planning of the large corporation.

Ken MacLeod: What if capitalism is unstable, and socialism is impossible?

Or, How An Argument Against the Workability of Authoritarian Socialism Became An Argument Against the Workability of Authoritarian Capitalism