I received an e-mail from LearnLiberty.org 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...
I am Brooks Wilson an Instructor of Economics at McLennan Community College in Waco, Texas, and I hold a Ph.D. in Agricultural Economics from the University of California at Davis.
I created this blog to allow my students, past and present, to learn economics above and beyond what they learn in class, and to meet others interested in economics.
I am grateful for every reader who could ignore my blog and read those maintained by great economists like Gary Becker, Richard Posner, James Hamilton, Menzie Chinn, Russ Roberts, Brad DeLong, and others.