Uh-Oh! (Examination Missteps Department)
I do not think that this essay paragraph is an accurate precis of Friedrich Hayek (1945), "The Use of Knowledge in Society," American Economic Review:
On the flip side, we have Hayek, who believed in collectivization. He believed that to help with the economic gap, the government should hand out rations and resources. This process, he claimed, would be expedited by the price mechanism, which would openly share all information so as to increae productivity and reduce waste. In other words, he wanted a communist regime to battle poverty and social and economic disparity...
The rest of the essay is very good, however. I'm giving it an A nevertheless.
And you might, I suppose, argue that the main point of TUoKiS is that libertarian capitalism is a much more effective and just Free Society of Associated Producers than any other possibility...
