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Friedrich August von Hayek, “The Use of Knowledge in Society” [1945]

Edition used:

“The Use of Knowledge in Society,” American Economic Review, XXXV, No. 4; September, 1945, pp. 519–30.

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About this Title:

One of Hayek’s most important contributions to economic theory is his demonstration of the part prices play in disseminating widely diffused knowledge about consumer demand and the availablility of economic resources in order to make rational economic calculation possible.

Copyright information:

This essay is published with permission of the copyright holders the American Economic Review.

Fair use statement:

This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

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