Essays On Social And Economic Issues

It seems to me that many of the current disputes with regard to both economic theory and economic policy have their common origin in a misconception about the nature of the economic problem of society.This misconception in turn is due to an erroneous transfer to social phenomena of the habits of thought we have developed in dealing with the phenomena of nature.

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Why is fashion for both men and women associated with their identity?

How can hitting a computer be compared to hitting a person?

It is about this question that all the dispute about “economic planning” centers.

This is not a dispute about whether planning is to be done or not.

It will at once be evident that on this point the position will be different with respect to different kinds of knowledge; and the answer to our question will therefore largely turn on the relative importance of the different kinds of knowledge; those more likely to be at the disposal of particular individuals and those which we should with greater confidence expect to find in the possession of an authority made up of suitably chosen experts.

Essays On Marriage - Essays On Social And Economic Issues

If it is today so widely assumed that the latter will be in a better position, this is because one kind of knowledge, namely, scientific knowledge, occupies now so prominent a place in public imagination that we tend to forget that it is not the only kind that is relevant.The computer remains being a material thing and does not stand on the same level with a friend and as we all know morality concerns only rational persons and not things; and a thing will not ever substitute a person.What is the problem we wish to solve when we try to construct a rational economic order? What is the problem we wish to solve when we try to construct a rational economic order?The reason for this is that the “data” from which the economic calculus starts are never for the whole society “given” to a single mind which could work out the implications and can never be so given.The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.Many of the points I wish to make are indeed conclusions toward which diverse paths of reasoning have unexpectedly converged.But, as I now see these problems, this is no accident.In ordinary language we describe by the word “planning” the complex of interrelated decisions about the allocation of our available resources.All economic activity is in this sense planning; and in any society in which many people collaborate, this planning, whoever does it, will in some measure have to be based on knowledge which, in the first instance, is not given to the planner but to somebody else, which somehow will have to be conveyed to the planner.What is the main tool every man uses to stand out from the crowd?How does clothing become a part of the self-realization of people?

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