...: the knowledge of the particular circumstances of time and place. It is with respect to this that practically every individual has some advantage over...on it are left to him or are made with his active co-operation. We need to remember only how much we have to learn in any occupation after we have completed...

...the fact that a good deal of information in a society is not publicly known. For he observes that, 'practically every individual has some advantage over...on it are left to him or are made with his active cooperation' (Hayek 1945, pp. 521-3). If Nozick talks of voluntary transfers and leaves the matter...

...of the Soviet-type economy: "practically every individual has some advantage over all others in that he possesses unique information of which beneficial...on it are left to him or are made with his active cooperation" (pp. 521-522). The utilization of highly idiosyncratic individual information for economic...

...idiosyncracy as followsi4: . . . practically every individual has some advantage over all others in that he possesses unique information of which beneficial...on it are left to him or are made with his active cooperation. We need to remember only how much we have to learn in any occupation after we have completed...

...in that he possesses unique information of which beneficial use might be made, but which can be used only if the decisions depending on it are left to him or are made with his active cooperation. We need to remember only how much we have to learn in any occupation after we have completed...

...separate individuals possess. Practically every individual has some advantage over all others in that he possesses unique information of which beneficial use might be made, but which can be used only if the decisions depending on it are left to him or are made with his active...

...latter kind of knowledge is often seriously underestimated. He writes (Hayek, 1945 and 1980, p 80) that "practically every individual has some advantage over...on it are left to him or are made with his active cooperation." 4. There are many works dealing with federalism and its various aspects. Amain reference...

...knowledge available," according to Hayek. But, he added, with respect to other kinds of knowledge, "practically every individual has some advantage over...on it are left to him or are made with his active cooperation."39 With knowledge conceived of as both fragmented and widely dispersed, systemic coordination...

...rules: the knowledge of the particular circumstances of time and place. It is with respect to this that practically every individual has some advantage over...which use can be made only if the decisions depending upon it are left to him or are made with his active cooperation. We need to remember only how much...

...rules: the knowledge of the particular circumstances of time and space. lt is with respect to this that practically every individual has some advantage over...be made, but of which use can be made only if the decision depending on it are left to him or are made with his active co-operation. (Hayek 1971, p....