Michigan’s industrial mix is not the result of decisions made in - TopicsExpress

Michigan’s industrial mix is not the result of decisions made in Lansing. It is the result of millions of people using their skills and knowledge in the most effective way they know how to better serve each other and themselves. This is not a new idea. In The Use of Knowledge In Society, Nobel laureate Friedrich Hayek explains that economic planning does not happen at the top, but rather by each person in the economy. A person’s own knowledge of time and place forms the economy more than a government’s industrial policies. michigancapitolconfidential/20868

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