Chapter

Two Methods of Social Ordering

Randy E. Barnett

in The Structure of Liberty

Published in print February 2000 | ISBN: 9780198297291
Published online November 2003 | e-ISBN: 9780191598777 | DOI: http://dx.doi.org/10.1093/0198297297.003.0003
Two Methods of Social Ordering

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Personal and local knowledge can be harnessed by either centralized or decentralized decision‐making processes. Centralized decision‐making works insofar as the decision maker has access to the relevant personal and local knowledge. Since such access is limited, such decision‐making must be limited as well. Decentralizing jurisdiction to individuals and associations who have access to the relevant knowledge permits them to act on the basis of their personal and local knowledge. Requiring that transfers of jurisdiction be consensual, it addresses the ability of individuals and associations to incorporate into their decisions, the personal and local knowledge of others by making possible a meaningful system of resource prices.

Keywords: consent; decentralized jurisdiction; decision‐making; local knowledge; personal knowledge; problem of knowledge; resource prices; social order

Chapter.  10743 words. 

Subjects: Political Theory

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