The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in a concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. Copyright

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Journal Economic Inquiry
Ferris, J.S. (1982). Information and search: an alternative approach to the theory of minimum wages. Economic Inquiry, 20(4), 490–510. doi:10.1111/j.1465-7295.1982.tb00363.x