sexta-feira, setembro 17, 2004
Hayek Smiled: Why Blogging Works
Artigo na Tech Central Station
If Nobel Prize winning economist F.A. Hayek had been watching last week as bloggers spontaneously responded to fraudulent documents aired by the program "60 Minutes", he would've grinned in humble satisfaction. Hayek's work centered on the effectiveness of spontaneous, decentralized organization, which is precisely what occurred on PowerlineBlog on September 9th. Regardless of the political consequences of the Killian Memo controversy, Hayek's work has been vindicated and his critics undermined.
Hayek's work focused on how it is that complicated and reliable systems of cooperation come about without any centralized direction. When they do, they outperform systems of "command", systems that rely on central direction. Hayek was an economist and so his primary object of study was the market and how, seemingly counterintuitively, it can work without commands; and why it outperforms large scale centralized economies like the Soviet Union. It doesn't take a directive from Washington to get Apple Computers to make more iPods. Why? Because the market tells Apple how many will sell.
Hayek theorized that markets worked better primarily because of their ability to facilitate the use of 'on the spot' knowledge, knowledge that is very unique to a particular person or place. Steve Jobs knows more about making iPods than George Bush. Everyone has something he knows more about than just about anyone else, even if that something is as basic as his own car. A command system requires the person with the knowledge to wait on the guy without it. A market system gives the person with knowledge the freedom and power to act on it.
posted by Miguel Noronha 9:35 da manhã
Comments: Enviar um comentário