072: Friedrich A. Hayek - That Entrepreneurial Knowledge is Situational and Commonsensical, Not Scientific
In this essay, I present a personal essay based on the work of Hayek, most notably concerning his thoughts and discussion on how knowledge cannot be scientifically calculated for use within a centrally planned organisation, which is argued in his own essays 'The Use of Knowledge in Society' (1968) and 'Competition as a Discovery Procedure' (1984). Check out the show notes page to this episode at economicrockstar.com/hayek where you can receive a transcript of the essay as well as the links to all of the references mentioned during the episode.
