4) The Austrian economics perspective pays attention to knowledge and the subjective foundation of economic value. Use the articles/findings by Hayek and Koppl to explain the Austrian view of knowledge and subjectivism. Then read the attached London Telegraph article ""The crowd knows best Why are contestants in 'Who Wants to be a Millionaire?' more likely to receive a correct answer from the audience than from telephoning an 'expert'?" Compare (and contrast) the "wisdom of crowds" described in the article to the Austrian view of knowledge.

ARTICLE"

https://docs.google.com/document/d/1fF7aNuBL1s6SZbQ-931oiD8zIQQIerNm321tWyXCBoc/edit?usp=sharing