"The Use of Knowledge in Society" is a scholarly article written by Austrian-British academic economist Friedrich Hayek, first published in the September 1945 issue of The American Economic Review.[1]
Written (along with The Meaning of Competition) as a rebuttal to fellow economist Oskar R. Lange and his endorsement of a planned economy, it was included among the twelve essays in Hayek's 1948 compendium Individualism and Economic Order.[2] The article is considered one of the most important in the field of modern economics.[3]
- ^ Friedrich Hayek (September 1945). "The Use of Knowledge in Society" (PDF). The American Economic Review. 35 (4): 519–530. JSTOR 1809376.
- ^ Hayek, F. A. (1996). Individualism and Economic Order. Chicago: University of Chicago Press. ISBN 0226320936.
- ^ Potts, Jason (2019). Innovation Commons: The Origin of Economic Growth. Oxford University Press. p. 114. ISBN 978-0190937522.