Klein, Daniel B., Knowledge and coordination: A liberal interpretation

Klein, Daniel B., Knowledge and coordination: A liberal interpretation Rev Austrian Econ (2015) 28:213–216 DOI 10.1007/s11138-013-0247-3 Klein, Daniel B., Knowledge and coordination: A liberal interpretation New York, NY: Oxford University Press, 2012. xvii + 351pages. USD 49.95 (hardback) Lynne Kiesling Published online: 6 November 2013 Springer Science+Business Media New York 2013 When I travel to London, I notice how driving conventions affect pedestrian behavior in such a cosmopolitan city – there, pedestrians tend to swerve to avoid running into each other more than in other places. In the United Kingdom driving laws impose a left- side convention that usually translates to walking, just as right-side driving translates to right-side walking in other countries. Pedestrians with different left-side/right-side walking conventions converge in London, and yet they manage to walk without physical harm or altercations, although the patterns that London pedestrians make will differ from those in a city like Chicago or, say, Bristol, where the domestic walking convention will be more dominant and lead to a different pattern with less weaving. This prosaic example illustrates profound aspects of how individuals thrive and prosper while living together in society and striving to achieve their own goals. Daniel B. Klein’s Knowledge and Coordination focuses on these aspects, arguing that formal economic http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Klein, Daniel B., Knowledge and coordination: A liberal interpretation

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Copyright © 2013 by Springer Science+Business Media New York
Economics / Management Science; Public Finance & Economics; Political Science, general; Methodology and the History of Economic Thought
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