Reading The Use of Knowledge in Society | Alexandria
Read The Use of Knowledge in Society by Friedrich Hayek. Discovering that central planners can never match the efficiency of free markets - even with unlimited data and computing power - shatters our faith in top-down control. Hayek's radical insight shows why local knowledge, dispersed across millions of individuals, will always outperform expert systems. This counterintuitive truth explains everything from failed economic policies to the limits of AI.