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: Instapundit.com

VIRGINIA POSTREL ON GIFT-GIVING AND THE KNOWLEDGE PROBLEM: ?The problem of buying good presents for?

By Glenn Reynolds

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VIRGINIA POSTREL ON GIFT-GIVING AND THE KNOWLEDGE PROBLEM: “The problem of buying good presents for other people, even people you supposedly know well, illustrates that old familiar Hayekian concept, the knowledge problem. If you can’t even give your loved ones the right presents, how likely is it that a central authority could make the right decisions for everyone?”


Full post as published by Instapundit.com on December 05, 2009 (boomark / email).

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