Monday, September 8, 2008

The Tradition of Spontaneous Order

If you recall, we used the path near the Criminal Justice room as an example of a useful "invention" that was the "product of human action, but not of human design." In economics we call that "spontaneous order." To get a better grasp on that concept - which is an extension of the invisible hand phenomenon discussed in the Stossel video today (remember how beef gets to New York from Texas) and in the "I, Pencil" story - check out Norman Barry's "The Tradition of Spontaneous Order."

Incidentally, this essay was originally published by the greatest organization in the world, the Institute for Humane Studies. IHS gives thousands in scholarships every year, sponsor internships in DC and elsewhere, and they put on absolutely AWESOME, week-long seminars that are totally free and will leave you smarter than everyone else you know. If you're at all interested in the ideas we talk about in class, and you want to learn A LOT more about them from people a lot smarter than I am, check out IHS seminars.

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