Roxanne Jones: "There's a naturalness to it, an organic nature to it, a bottom-up emergent aspect" She says there must be a czar of wheat and flour of trucks and bread and yeast. Why do we sleep so well at night? Because there's order all around us," she asks. The poem is titled 'It's a wonderful loaf'
Why is it that people in large cities like Paris or New York City people sleep peacefully, unworried about whether there will be enough bread or other necessities available for purchase the next morning? No one is in charge--no bread czar. No flour czar. And yet it seems to work remarkably well. Don Boudreaux of George Mason University and Michael Munger of Duke University join EconTalk host Russ Roberts to discuss emergent order and markets. The conversation includes a reading of Roberts's poem, "It's a Wonderful Loaf."