Cynical Nation

The Volokh Conspiracy has a roundup of posts on Hayek. It's fascinating stuff, but I'll admit that some of it is over my head. A lot of it has to do with whether the recent phenomena of blogs and open-source software could properly be considered Hayekian information-processing mechanisms. The debate seems to center on the centralization and decentralization of knowledge, and whether centralized systems emerge as a consequence of intentional as opposed to unintentional decentralized decision making.

I guess I need to think about that one some more. Meanwhile, I remain convinced that Hayek's greatest contribution to Western civilization was her role in Desperado. Smokin'.