Knowledge is not merely information, but a multi-dimensional mass of analysis and interpretation of information. Economists such as Kenneth Arrow and Donald Wittman who try to “flatten” knowledge by equating it with information tend to ignore the wisdom of ordinary people in favor of the supposed experts who would lord over them.

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Other Independent Review articles by Daniel B. Klein
    Winter 2018   The Joys of Yiddish and Economics
    Fall 2012   Most Economists Welcome Ideological Openness
    Fall 2012   The Improprieties of the Pretense of Knowledge
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