#ReadWithMe: Power Without Knowledge 4: Knowledge and Interpretation

Source: EconLog
by Kevin Corcoran

“One (seemingly) obvious solution to inadequate voter information is something like a market approach – an epistemic division of labor accompanied by a marketplace for enlightenment. Can this process ameliorate the knowledge problems faced by a technocracy? Friedman is skeptical. Here I focus on two problems he raises. One is the problem of too much rather than too little information. The other is the problem with radical rather than rational ignorance.” (01/17/23)