Lost in Transcription

Following rules, such as the rules of language, of the market, or of just conduct, is more about "knowing how" than "knowing that." This is a lesson taught by many important thinkers, among them, Gilbert Ryle, F.A. Hayek, and Ludwig Wittgenstein. On many matters, we know more than we can say. Yet we are tempted to identify knowing with saying. It's a temptation best resisted. This has implications for the struggle for the free society.

The rest of this week's TGIF, "Lost in Transcription," is at the Foundation for Economic Education website.