Friday, July 17, 2015

Nobody Knows How to Make a Pencil

Here's Milton Friedman video on the important economic lessons contained in the 1958 classic essay ‘I, Pencil’. This is about the core of peaceful exchange without a central planner. -RW




(ht Mark Perry)
at 5:38:00 PM

1 comment:

  1. Freedom MomJuly 17, 2015 at 6:35 PM

    Google search terms to learn more about this - Spontaneous order, emergent order, spontaneous organization

    ReplyDelete

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