Klein on Knowledge and Coordination

Dan Klein of George Mason University talks with EconTalk host Russ Roberts about the ideas in Klein's new book, Knowledge and Coordination. Klein argues that allegory is a powerful way to think about outcomes of emergent order. He goes deeply into the concept of the invisible hand and creates a novel way to evaluate processes that not under any one's control. Klein then suggests novel ways of evaluating economic outcomes outside of the traditional metrics and techniques. Along the way, Klein emphasizes the role of uncertainty and imperfection in the entrepreneurial process.

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Klein on Knowledge and Coordination is an episode from EconTalk Archives, 2011 by Library of Economics and Liberty.

This episode is 1:05:08 long.

This episode was published on Dec 19, 2011.

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