Dispersed Knowledge

In economics, dispersed knowledge, also known as partial knowledge, is information that is dispersed throughout the marketplace, and is not in the hands of any single agent.

Read more about Dispersed Knowledge:  Overview, Economists, Example

Famous quotes containing the word knowledge:

    Well I am certainly wiser than this man. It is only too likely that neither of us has any knowledge to boast of; but he thinks that he knows something which he does not know, whereas I am quite conscious of my ignorance. At any rate it seems that I am wiser than he is to this small extent, that I do not think that I know what I do not know.
    Socrates (469–399 B.C.)