He analyzes the advantages and disadvantages of different decision-making units
in various situations: centralized versus democratic units, general versus
specific knowledge, the kinds of incentives and feedback, formal versus informal
arrangements (flexibility versus security) in economics, law, and politics. He
extends Hayek's ideas and provides down-to-earth examples, facts, and analysis.
There are insights on every page. All decisions are trade-offs. He devastates the
Supreme Court. Unfortunately, he falls down at the end by accepting Defense
Department propaganda after 350 pages spent de-bunking the propaganda of the
Year Read: 1986
Libertarian Essays by Roy Halliday
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