Then as now, the answer is that humility in economics requires an admission that knowledge is widely distributed through markets, not captured in curricula.

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One goal of a system of public education ought to be to make that level playing field a structural reality, distributing access to knowledge and information as widely as possible.

FORBES: The Mutual Knowledge Revolution

Altman and Podesta are smart men, experienced in government, and widely respected for their knowledge, but they were wrong and their comments went unchallenged.

FORBES: The Fiscal Cliff Is Built On A Mountain Of Ignorance

He said the introduction of two-stage A-levels meant pupils had lost their previous freedom, in the first years after GCSEs, to think and read more widely, in the knowledge that the next exams were still some time off.

BBC: Charles attacks 'shallow' education

The Department's arguments had been widely derided by those with knowledge of information law, and presumably it dropped its appeal after realising that it was hopeless to pursue this long-standing dispute any further.

BBC: Department for Education

Only 19 percent of respondents regularly use collaborative technologies to identify individuals with relevant knowledge and skills. 23 percent use collaborative technologies to preserve critical knowledge, while 27 percent use it to spread innovation more widely across their organization.

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Where there is knowledge, it is often kept within departmental "silos" or is too widely dispersed.

WSJ: How the EU Commission Polices Is Critical

The fact that the virus has spread as widely as it has only underscores the lack of basic information security knowledge in even major corporations.

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