HES: RE: DISC--Question on Distributed Knowledge

[Mason Gaffney]

Michael Perelman asks why not extend the Hayek knowledge principle to take
advantage of the knowledge of workers, when global corporations are so big.
He leaves out the intermediate solution of small business, where the
entrepreneur is also a worker. E.F. Schumacher of course is famous for
*Small is Beautiful*, and Veblen hinted at the same ideas in *Absentee
Ownership*. The movement for "appropriate" and "intermediate" and "soft"
technology flared up in the 1961-75 Camelot, but burned out quickly (or was
it doused out?). 

Can anyone point me to a modern economist who is ably rationalizing the case
for small business today?

Mason Gaffney