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Estudios Públicos: N° 50, 1993. COMPETITION AS A DISCOVERY PROCESS Friedrich A. Von Hayek (author)
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This is one of the classical essays of Friederich A. von Hayek. Perhaps the one that has had the greatest influence on subsequent thought. Essentially, the idea is that the knowledge necessary for economic development is not something that is given beforehand but rather is discovered in the framework of free competition. The market is, therefore, a mechanism of extraction and transmission of information that cannot be substituted by planning as without it, it would simply not be available.
Estudios Publicos is reprinting this essay as a posthumous homage to Friderich A. von Hayek.
More in
Estudios Públicos :: Index by Subject :: Culture and Society :: Science and Philosophy Estudios Públicos :: Index by Subject :: Social Doctrines :: Liberalism Estudios Públicos :: Index by Subject :: Economy :: Economic Policy and Theory Estudios Públicos :: Index by Number :: Estudios Públicos Nº 41-50 :: Estudios Públicos Nº 50
The material in this site can be only reproduced in accordance with Article 38 of the Chilean Law 17.336 on Copyright. Copyright Centro de Estudios Públicos © Santiago, Chile, 2011.

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CENTRO DE ESTUDIOS PÚBLICOS
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The material in this site can be only reproduced in accordance with Article 38 of the Chilean Law 17.336 on Copyright. Copyright Centro de Estudios Públicos © Santiago, Chile, 2011.
Permitida su reproducción en conformidad al artículo 38 de la Ley 17.336 sobre Propiedad Intelectual. Derechos reservados Centro de Estudios Públicos © Santiago, Chile, 2011.
 All content on this website are the responsibility of their respective authors and do not necessarily reflect the views of its publisher and the Center for Public Studies.
Todos los contenidos de este sitio web son responsabilidad de sus respectivos autores, y no reflejan necesariamente la opinión de su editor ni del Centro de Estudios Públicos.
 Editor de contenidos: Lucas Sierra I. - Editor gráfico: David Parra A.