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My Big Fat Diffuse Local Knowledge

by AdrianFohr

In this scene, the patriarch of the Greek family uses Windex to south afflicted skin.  If it works, then we would assume that using Windex is cheaper than using generic skin cream.  If it works then the patriarch has found a way to add value to the market.  He doesn't even need to know why Windex works better than generic skin cream.

This is exactly what, Hayek describes in one of the most insightful essays about markets ever to have been written.

 

http://www.econlib.org/library/Essays/hykKnw1.html

By Big Fat Diffuse Local Knowledge

This clip comes from My Big Fat Greek Wedding. The story is one about a woman who marries a man; and, the wedding serves as a cultural exchange for the two families.

from My Big Fat Greek Wedding (2002)
Creator: Joel Zwick
Distributor: IFC Films
Posted by AdrianFohr
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