Adam smith and friedrich hayek saw the liberty principle as focal and accorded it strong presumption but their wisdom invokes how little we can know this book re examines the elements of economic liberalism it interprets hayeks notion of spontaneous order from the aestheticized perspective of a smithian spectator real or imagined the book addresses issues that economists have had . Download citation knowledge and coordination a liberal interpretation adam smith and friedrich hayek saw the liberty principle as focal and accorded it strong presumption but their wisdom . Knowledge and coordination instructs us to declare such allegory knowledge and coordination is an authoritative take on how by confessing the looseness of its judgments and the by and large status of its claims laissez faire liberalism makes its economic doctrines more robust and its presumption of liberty more viable. This text was the basis for a presentation of the book knowledge and coordination a liberal interpretation oxford university press 2012 the lecture discusses the richness of knowledge the distinction between concatenate and mutual coordination and the relation of these to a liberal outlook that the author associates with adam smith