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Hayek on the Use of Knowledge in Society

34,744 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

87%
  • 4:28 / 5:08

Speech Rate:

  • 188 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

consider

/kənˈsidər/

verb

think carefully about.

outside
adjective adverb noun preposition

situated on or near outside. situated beyond boundaries of place. Area around or near something, such as a building. situated beyond boundaries of.

flagship

/ˈflaɡˌSHip/

noun

ship in fleet which carries commanding admiral.

dispersed

/dəˈspərs/

adjective verb

Distributed or spread over a considerable area. To separate and spread out in different directions.

actually

/ˈak(t)SH(o͞o)əlē/

adverb

as truth or facts.

stresses

/stres/

noun other verb

state of mental or emotional strain or tension resulting from adverse or demanding circumstances. State of mental tensions, worries due to problems. give particular emphasis or importance to point.

integrated

/ˈin(t)əˌɡrādəd/

adjective verb

desegregated. To combine together; make into one thing.

businessmen

/ˈbiznisˌman/

noun other

man who works in business or commerce. Men who work in business.

separate
adjective noun verb

forming or viewed as unit apart or by itself. individual items of clothing suitable for wearing in different combinations. To move things away from each other.

economics

/ˌekəˈnämiks/

noun other

branch of knowledge concerned with production, consumption. Studies of trade, industry and money.

published

/ˈpəbliSHt/

adjective verb

(of book etc.) prepared and issued for public sale. To release information to the general public.

knowledge

/ˈnäləj/

noun

Information, understanding, or skill.

contradictory

/ˌkäntrəˈdikt(ə)rē/

adjective noun

(Of evidence) showing the opposite. contradictory proposition.

language

/ˈlaNGɡwij/

noun

Words or signs used to communicate messages.

concentrated

/ˈkänsənˌtrādəd/

adjective verb

wholly directed to one thing. To pay great attention to a task; focus.

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