The Use of Knowledge in Society

Friedrich Hayek1945paper

Selected reading: Dispersed knowledge, externalities and market power.

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How to study this source

  • What gives something value?

    commentaryDispersed knowledge, externalities and market power

    Ask what dispersed information a price coordinates and what the example assumes about the market.

Ideas and questions

Read background definitions when a term blocks the argument. Then return to the source and reconstruct its claim in your own words.

Read alongside, read against

  • Principles of Economics

    Carl Menger. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • Value and Capital

    John Hicks. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • Microeconomic Theory

    Mas-Colell, Whinston · Green. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • Misbehaving

    Richard Thaler. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.

  • The Theory of Industrial Organization

    Jean Tirole. Compare assumptions, evidence and scope with the source above. These are editorial companions, not necessarily direct responses.