I know of very few places where so many Hayek scholars reside. I thought that you might offer a critique of the following: The most widely accepted current justification for the market system is the ability of business to organize information necessary for an efficient system of production. Frederick Hayek was the most influential exponent of this analysis, proposing that individual entrepreneurs developed expertise in knowing all that there was to know about their particular business. Government planners with the responsibility of organizing an entire economy could never accumulate the necessary information for such a task. Certainly no planner could ever match the collective distributed knowledge of the entrepreneurs. Hayek never explained how global corporations the outputs of which matched that of a small or medium-sized economy were capable of organizing the requisite information, but the planning department of such a government would not be up to the task. If, however, distributed knowledge is the key to efficient organization, then one might ask why not extend the principle further to take full advantage of the knowledge distributed among the workers. Michael Perelman