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.
Knowledge Flat-talk
A Conceit of Supposed Experts and a Seduction to All
By Daniel B. Klein
This
article
appeared in
the Summer 2010 issue of The Independent Review.
EconomistsEconomyFree Market EconomicsGovernment and PoliticsLaw and LibertyPhilosophy and ReligionPolitical TheoryPublic Choice
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