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Brooks Wilson's Economics Blog:

Thursday, April 7, 2011

I received an e-mail from with links to the embedded video and to and its site.  The video address a little understood characteristic of human society, spontaneous order which result in human action but are not of human design.  These orders can solve most economic and other societal problems without planned orders, which are also necessary.  Government officials often oversell the importance of their solution and fall prey to what Hayek called the “fatal conceit,” that government planners can organize society as if it were an assembly line or a military operation.  They should recall Hayek’s admonition, “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”Replace this text with...

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