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Hayek’s Warning: The Social Engineer’s Pretense of Knowledge

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Forty years ago, on December 11, 1974, Austrian economist, Friedrich A. Hayek, formally received that year’s Nobel Prize in Economics at the official ceremonies in Stockholm, Sweden. He delivered a lecture called, “The Pretense of Knowledge,” which forcefully challenged all those who believe that government has the wisdom or ability to successfully plan the economic affairs of society. His primary ...

The Origins and Intentions of Copyright

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In a victory for media Goliaths, the Supreme Court recently ruled that TV-streaming service Aereo “perform ... copyrighted works publicly” and therefore violated copyright law. The ghost of Grokster haunts us. Napster rolls in its grave. Copyright’s muscular hands have once again strangled innovation. What is the purpose of copyright law? Conventional wisdom asserts that it protects the rights of ...