Knowledge and Coordination: A Liberal Interpretation PDF
Preview Knowledge and Coordination: A Liberal Interpretation
Knowledge and Coordination 00_Klein_FM.indd i 11/21/2011 8:48:06 PM This page intentionally left blank Knowledge and Coordination A Liberal Interpretation (cid:2)(cid:3)(cid:2) Daniel B. Klein 1 00_Klein_FM.indd iii 11/21/2011 8:48:06 PM 3 Oxford University Press, Inc., publishes works that further Oxford University’s objective of excellence in research, scholarship, and education. Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offi ces in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Th ailand Turkey Ukraine Vietnam Copyright © 2012 by Oxford University Press, Inc. Published by Oxford University Press, Inc. 198 Madison Avenue, New York, New York 10016 www.oup.com Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data Klein, Daniel B. Knowledge and coordination: a liberal interpretation / Daniel B. Klein. p. cm. Includes bibliographical references and index. ISBN 978–0–19–979412–6 (cloth : alk. paper) 1. Liberalism. 2. Economics. I. Title. HB95.K53 2011 330.1–dc22 2011003596 1 3 5 7 9 8 6 4 2 Printed in the United States of America on acid-free paper 00_Klein_FM.indd iv 11/21/2011 8:48:06 PM To Beckski 00_Klein_FM.indd v 11/21/2011 8:48:06 PM This page intentionally left blank Somewhere in Holland there lived a learned man, he was an orientalist and was married. One day he did not come to the midday meal, although he was called. His wife waits long- ingly, looking at the food, and the longer this lasts the less she can explain his failure to appear. Finally she resolves to go over to his room and exhort him to come. Th ere he sits alone in his work-room, there is nobody with him. He is absorbed in his oriental studies. I can picture it to myself. She has bent over him, laid her arm about his shoulders, peered down at the book, thereupon looked at him and said, “Dear friend, why do you not come over to eat?” Th e learned man perhaps has hardly had time to take account of what was said, but looking at his wife he presumably replied, “Well, my girl, there can be no ques- tion of dinner, here is a vocalization I have never seen before. I have often seen the pas- sage quoted, but never like this, and yet my edition is an excellent Dutch edition. Look at this dot here! It is enough to drive one mad.” I can imagine that his wife looked at him, half-smiling, half-deprecating that such a little dot should disturb the domestic order, and the report recounts that she replied, “Is that anything to take so much to heart? It is not worth wasting one’s breath on it.” No sooner said than done. She blows, and behold the vocalization disappears, for this remarkable dot was a grain of snuff . Joyfully the scholar hastens to the dinner table, joyful at the fact that the vocalization had disap- peared, still more joyful in his wife. Søren Kierkegaard (1978: 126) 00_Klein_FM.indd vii 11/21/2011 8:48:06 PM This page intentionally left blank CONTENTS Preface xi Acknowledgments xv Some Smith-Hayek Homiletics 1. Rinkonomics: A Window on Spontaneous Order 3 2. Discovery Factors of Economic Freedom 10 About Th is Book 3. From a Raft in the Currents of Liberal Economics 25 Th e Two Coordinations 4. Concatenate Coordination and Mutual Coordination 37 5. Joy and the Matrix of Concatenate and Mutual 55 6. Light Shed by the Two Coordinations 72 Asymmetric Interpretation 7. Discovery and the Deepself 81 8. Experiment on Entrepreneurial Discovery 114 9. Let’s Be Pluralist on Entrepreneurship 131 10. Knowledge Flat-talk: A Conceit of Supposed Experts and a Seduction to All 144 Studies in Spontaneous Order 11. Urban Transit: Planning and the Two Coordinations 159 12. Th e Integrity of You and Your Trading Partners: Th e Demand for and Supply of Assurance 177 13. Outstripped by Unknowns: Intervention and the Pace of Technology 199 ( ix ) 00_Klein_FM.indd ix 11/21/2011 8:48:07 PM
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