{"version":"1.0","type":"link","title":"Local knowledge problem - Newikis","description":"In economics, the local knowledge problem is the argument that the information required for rational economic planning is distributed among individual actors and thus unavoidably exists outside the knowledge of a central authority. Economist Friedrich Hayek said that \"practically every individual…","provider_name":"Newikis","provider_url":"https://newikis.com","cache_age":86400}