The Use of Knowledge in Society.

Why this matters here

Hayek’s 1945 essay argues that much economically relevant knowledge is dispersed and local, so coordination cannot rest on a single planner’s overview alone. Coupling invokes that dispersed-knowledge problem when organizations multiply procedures to preserve coherence after ownership and consequence have fragmented. Hayek’s claim is about knowledge and markets; the book asks when coordination load expands as compensation for unclear ownership rather than as support for it.