"Because of (1) differences in the problem situations that individuals face and (2) ...

2026-02-24 07:14:55 CET

"Because of (1) differences in the problem situations that individuals face and (2) the very nature of the communication process, there exists no presumption that knowledge will be uniformly distributed: it will always be divided. Even in equilibrium, then, not everyone will know the same things." - Gerald P. O'Driscoll Jr. and Mario J. Rizzo, ***The Economics of Time and Ignorance*** (1996). p. 41. 2nd ed.

#Agorism #Agorist #AnCap #Libertarian #Antistate #AustrianEconomics #Coase #Hayek #Knowledge #Data #Information #Prices #Costs #Quotestr

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