I have been reading Sauvik Chakraverti‘s writings since 2002 but more from 2005. His writings are simple like a man’s mind without fear and fret.
It will be interesting to read still and I produce the whole article below:
There is, however, a much larger question. What is knowledge. and how is it be spread? Hayek’s theory of knowledge says that knowledge can be codifiable and well as uncodifiable You cannot learn to ride a cycle, climb a coconut tree, swim a river, or even cook a meal by reading a book. The market brings to service all the diverse bits of knowledge we all possess. I do not know how to make cheese, but the market allows me to access the knowledge of someone else. Planners cannot collect all the knowledge they need. They thus exercise power without knowledge.
Today, we must examine whether Hayek is the philosopher
The world thus knows of Chinese food.
Indian mechanics are very good. My Bullet 500 is serviced by a young boy who probably doesn’t know how to read and write very well. With free trade, his knowledge would increase. If there had been free trade from 1947, multipoint fuel injection would be old hat to unlettered Indian mechanics. Similarly, restaurant cooks would know of various cuisines if there were free migration. The idea that knowledge is something that can be transmitted by state action is completely false. Journalists must realise that, behind the M dal-Sen school of socialist thought, there lurks a nasty contempt for human faculties. They both consider us to be idiots. And their God is the State. It is a fundamental truth of Economics that all human beings are naturally gifted with the ability to trade. If one watches children at play, one can see them exchanging toys and food gainfully amongst each other: give me some chips and have a sip of my coke Trade has always been the foundation of prosperity. If people are free to trade (for which freely tradable money is essential) they will create prosperity. The state has only to supply the essential public goods: urban and rural roads (highways can be private) and law and order (which includes traffic regulation).
With free trade and free migration a knowledge explosion will occur. Magazines, books and journals would burgeon. Journalism would prosper. Amartya Sen is Gunnar Myrdal in thin disguise. The statism and the cynical contempt for human faculties which Sen and Myrdal have theorised must be pulverised.
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