About
This site is educational material on two papers, eighty years of economics apart and one question together: who should decide — the centre, or the edge?
The American Economic Review. The knowledge problem and the case for prices as a coordination mechanism — the epistemic core of the Socialist Calculation Debate. The producer, Hayek writes, need only “watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials” (Hayek 1945, §VI, p. 527).
Prepared for the NBER volume on the Economics of Transformative AI. A property-rights framework in which AI shifts the optimal locus of control by codifying tacit knowledge and expanding central processing capacity.
The site’s visual language — dials for condensed information, fog for the local knowledge the
centre cannot see — is recorded in specs/0001-visual-language.md.