The Implications of Hayek's Knowledge Problem

2014 ◽  
Author(s):  
Nicolas Cachanosky
Keyword(s):  
Transactions ◽  
2007 ◽  
Vol 4 (2) ◽  
pp. 1-7
Author(s):  
Chris Webster
Keyword(s):  

2001 ◽  
Vol 2 (4) ◽  
pp. 445-465 ◽  
Author(s):  
Ernst Helmstädter

AbstractFriedrich A. Hayek’s notion of division of knowledge arouses new interest in an economy for which knowledge represents the most important resource. Hayek’s problem was how to use the knowledge scattered in society efficiently. In Hayek’s solution the prices emerging by competition play the crucial role. They indicate to the individual agents what they can do expediently for their own advantage and also for society, even though they dispose only of limited (implicit) knowledge. But which conditions must be fulfilled in order that the agents are prepared to engage in an interactive process of division of knowledge? - New Institutional Economics does not yet answer this question. It is only interested in questions of interactions in view of a division of labor. Its central notion of transaction is not appropriate for the analysis of the interactive process of division of knowledge, where sharing of knowledge matters. The contribution of the article mainly consists in the attempt to provide a New Institutional Economics basis to the division of knowledge problem. ß


Psihologija ◽  
2005 ◽  
Vol 38 (3) ◽  
pp. 225-237
Author(s):  
Jelena Pesic

This paper deals with various reasons for treating the problematisation of textbook discourse as an important aspect of its educational design. These reasons are derived from: the nature of learning process, the nature of scientific knowledge and both motivational and cognitive saint achieved through a problematisation of learning material. Implications drawn from these considerations, along with textbook genre possibilities and constrains, lead us to define some basic strategies of textbook discourse problematisation. They refer to: way of presenting knowledge (problem structuring of text, presenting the history of knowledge and different perspectives); use of specific questions and tasks; metacognitive support of the learning process and specific type of textbook language (dialogical problem focused, language of thinking).


2019 ◽  
pp. 27-56
Author(s):  
Jason Potts

Explains the nature of the innovation problem as an economic problem in the context of economic trade and long-run growth. Distinguishes between a market failure definition of the innovation problem as an allocation problems and the innovation problem as a collective action problem of coordination and discovery. Defines the innovation commons as the zeroth phase of the innovation trajectory. Introduces the concept of discovery failure and discovery costs. This locates the argument of the book in the broader context of Schumpeterian, evolutionary, and Austrian “mainline economics” with a contextualization of the innovation problem simultaneously as both a knowledge problem and a coordination problem, and therefore as a governance problem solved with institutions.


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