All Posts Tagged With: "local knowledge"
Disaster Response Restores Confidence in Government?
In a memorable episode of the cult-classic cartoon series “The Tick,” the title character is seen in the local café regaling fellow superheroes with his latest adventure, in which he single-handedly stopped an alien plot that would have sucked the earth into a black hole. Skeptical, one of the other heroes responds, “Can you prove [...]
4Jan2012 | Tyler Watts | 0 comments | ContinuedThe Militarization of Compassion
This article first appeared at TheFreemanOnline.org. John Stuart Mill wrote in his Principles of Political Economy that “what has so often excited wonder” in observers is “the great rapidity with which countries recover from a state of devastation; the disappearance, in a short time, of all traces of the mischiefs done by earthquakes, floods, hurricanes, [...]
22Jun2011 | Peter J. Boettke | 4 comments | ContinuedMaps and Power
The modern world (meaning since the later eighteenth century) is different in several profound ways from earlier times. One of the most important of these is the nature and power of government. Modern States can do things beyond the reach of earlier ones, however large or aggressive. This expanded capacity is a feature of modern [...]
23Mar2011 | Stephen Davies | 0 comments | ContinuedAddressing Local Knowledge
Friedrich Hayek argued that “local knowledge” or “particular knowledge of time and place,” such as rules of thumb or skills learned by doing, is more important than the kind of knowledge that can be written down and objectively conveyed.
3Aug2010 | Sandy Ikeda | 4 comments | ContinuedPrivate Neighborhoods and the Transformation of Local Government
By Robert H. Nelson Reviewed by Sandy Ikeda
1Jan2007 | Sandy Ikeda | 1 comment | ContinuedWhy the Poor Need Property Rights
Early in the morning the streets below my flat would become a beehive of activity. Small stands were scattered everywhere, cramming every available inch of sidewalk. Small bundles of bananas, packets of tomatoes, or potatoes were for sale. Newspaper vendors grabbed the busy corners. Hawkers with every imaginable product had set up business. As the [...]
1Oct2002 | James Peron | 0 comments | ContinuedThe Perverse Popularity of Command and Control
Most government attempts to protect the environment involve imposing detailed regulations on how, and how much, pollution must be reduced. This command-and-control approach does reduce pollution, but as I explained last month, it does so at high cost.
1Sep2001 | Dwight R. Lee | 3 comments | ContinuedThe High Cost of Command and Control
We may not all agree on how much pollution to reduce, but we certainly should agree to reduce it as cheaply as possible. Since cleaning up at least cost is exactly the same as maximizing the cleanup for any given cost, cost minimization should appeal even to those who dislike thinking about the cost of protecting the environment.
1Aug2001 | Dwight R. Lee | 0 comments | ContinuedReducing the Cost of Reducing Pollution
As we discussed last month, the efficient amount of pollution is not likely to please many. The problem is that everyone in an area has to consume the same amount of environmental quality while the value of that quality and the price paid for it vary from person to person. Some will want less than [...]
1Jul2001 | Dwight R. Lee | 0 comments | ContinuedLaw, Custom, and the Commons
Dr. Simmons heads the political science department of Utah State University and is a senior associate of PERC (Political Economy Research Center) in Bozeman, Montana. Free and unregulated access to scarce resources has long been recognized as a serious problem. Two thousand years ago Aristotle wrote: “What belongs in common to the most people is [...]
1Feb1997 | Randy T. Simmons | 0 comments | Continued-
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