-Keynes debate, the book introduces the main themes of Hayek’s thought. These include the division of knowledge, the importance of … with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem … that economic decision makers face and how alternative institutional arrangements either hinder or assist them in …

technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where … that important knowledge spillovers might be between, rather than within industries, consistent with the theories of Jacobs …