The Use of Knowledge in Society
1945 scholarly article by economist Friedrich Hayek / From Wikipedia, the free encyclopedia
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"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.[1]
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.[2] The article is considered one of the most important in the field of modern economics.[3]