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    Carmelics

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    Hayek contends that no central authority possesses the di... — Carmelics
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    Challenges→A full development of desert-based distributive principles requires specification and defense of which activities count as socially productive.

    Hayek contends that no central authority possesses the distributed knowledge required to reliably identify which activities produce social value across complex markets.

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    Key Terms

    knowledge(Distinguished from mere true belief, which may be the product of indoctrination and need not exercise deliberative capacities.)
    Justified true belief — true belief that has been arrived at through the exercise of deliberative capacities, including comparison of and deliberation among alternatives.

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    A full development of desert-based distributive principles requires specificatio...

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