Wikipedia has become a staple in each of our lives. No matter what information we may be in search of, Wikipedia either provides what we are looking for or offers a great launching off point to further research. And while most of us routinely use the site to aid us on our quest for knowledge, few know that the site was born out of a deep respect for the work of economist, F.A. Hayek.
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80 search results for: knowledge problem
Certainly, founders are pivotal people at startups. As their companies grow, however, their importance to the enterprise dwindles. Some entrepreneurs see their companies through for decades; others don’t. Ensure that your founder’s exit — should that event occur — doesn’t take the company along with it.
Digital eye exams offered through companies like Opternative and subscription-based services like Hubble are helping to decentralize vision coverage, making it more affordable and accessible to everyone, whether they have insurance or not.
Rising inequality in terms of wealth is a sign of shrinking lifestyle inequality between the rich and poor. Think about it. Entrepreneurs generally amass great wealth by virtue of mass-producing the goods and services previously only enjoyed by the rich.
Super-connecting is the new metaphor of entrepreneurship. The entrepreneur today is an orchestrator, a super-connector of knowledge, technology, collaborators and capital. All of these inputs are available in real time as a result of today’s technologies.
Last month the world celebrated the birthday of the hashtag. As a writer, I am always looking for interesting and current topics to tackle. But this particular topic seemed completely insignificant to me. The symbol itself has existed for years. Why should I care about the anniversary of its repurposed use? But upon further investigation, […]
While the last article addressed the concept of the knowledge problem and how Wales had specifically set out to solve this problem. But in addition to making information accessible to all those who seek it, Wales also incorporated another aspect of Hayekian economics when he created Wikipedia: spontaneous order.
Hayek saw grand plans as a perfect vehicle for the fatal conceit, and argued that highly mobile and creative human beings may have a better approach when left to their own devices. As he points out, ordinary people tend to solve the problems they confront, to figure things out, and invent efficient new ways of doing things
The mass distribution of ideas and the massive increase in human knowledge can be attributed to the invention of the printing press. This was the catalyst for human flourishing after a thousand years of despotism, anarchy, and mysticism. Johannes Gutenberg’s invention launched the Age of Reason and the unleashing of the human mind.
The Swedish country parson, Anders Chydenius, is a relatively unknown giant among Enlightenment philosophers, economists, and inventors. His ideas written in the 1765 pamphlet, The National Gain, fueled the Swedish economic miracle from 1850-1950, and predated Adam Smith’s Wealth of Nations. Thanks to Chydenius, Sweden was the first country in the world to adopt freedom of the press, 25 years before America’s 1st Amendment, cementing economic freedom and political freedom as the co-dependent variables for human flourishing.
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