Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order
EconTalk
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The Mystery of Bread Coordination
Bob Greene: How is it that there's enough flour in the city for all the bread that everybody wants? He says without centralized control, something like rain or sunshine shows up. The baker just trying to make good bread, stock his shelves and get a decent price, he says. Greene: It doesn't mean everybody has enough money to get the fanciest kind of bread they want. But most cities in the world, they're spread every day for everybody.
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