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.
Daniel B. Klein is a Research Fellow at the Independent Institute and Professor of Economics at George Mason University.
EconomistsEconomyFree Market EconomicsGovernment and PoliticsLaw and LibertyPhilosophy and ReligionPolitical TheoryPublic Choice
Other Independent Review articles by Daniel B. Klein
Spring 2023 Instilling Duties above Instilling Rights: Two Features of Adam Smith’s Talk of Justice and Liberty
Summer 2020 Adam Smith’s Rebuke of the Slave Trade, 1759
Winter 2017/18 The Joys of Yiddish and Economics
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