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There is one basic explanation for this. As the libertarian economist Friedrich von Hayek once pointed out, the bulk of information generated in any economy is local in nature. If this local information has to be processed through a centralized hier- archy--whether government ministry or even overly large corporate bureaucracy--it will inevitably be delayed, distorted and manipulated in ways that would not happen in a more decentralized economic-decision-making system. The U.S.S.R. used to have an office called the State Committee on Prices, where a few hundred bureaucrats would sit around setting every price in the Soviet...

Author: /time Magazine | Title: Will Socialism Make a Comeback? | 5/22/2000 | See Source »

...Angeles Lakers win the NBA championship this year, their fans will have two people to thank: Phil Jackson and Friedrich Nietzsche...

Author: /time Magazine | Title: The Philosopher Coach | 3/20/2000 | See Source »

...asked forgiveness for the Holocaust 3. Follower of Lenin or Stalin? 4. New Reform Party chairman Pat 5. Russia is restoring its ties with this group 6. Ab __ (from the beginning) 7. He bolted his party 8. Gridder turned pol 9. "The __" (what Bush calls the Texas legislature) 10. Friedrich, the likely new head of Germany's C.D.U. 13. Wispy clouds 19. According to 21. Punch-in-the-gut reaction 22. Detached, in mus. 23. Drug smuggler's unit 24. Not "fer" 25. Cast out 28. Partner of Howard and Howard 29. A util. 30. He preceded Bush...

Author: /time Magazine | Title: News Quiz Crossword Mar. 6, 2000 | 3/6/2000 | See Source »

...course, youth itself does not prevent students from taking ideas seriously. On one hand, there are the seniors reclining in Sanders' balcony, pondering Kant's thoughts on a free market for women's eggs, and then there is the 20 year-old Friedrich Schelling writing to Hegel. "We must take philosophy further! Kant has destroyed everything; but how is everyone to notice? You would have to crush it to bits before their eyes to make it tangible to them!" Or the 19 year-old Marx who, upon reading Hegel, wrote to his father, "There are moments in one's life...

Author: By Hugh P. Liebert, | Title: Core Classes Lack Depth | 12/21/1999 | See Source »

Hanssen, who taught in both the Department of Germanic Languages and Literature and the Department of Literature this year, has offered courses on wide spectrum of topics including German feminist thought, German national identity, and Friedrich Nietzsche...

Author: By M. DOUGLAS Omalley, CRIMSON STAFF WRITER | Title: Associate Professor Hanssen Denied Tenure | 5/24/1999 | See Source »

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