Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order
EconTalk
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The Role of Markets in Social Processes
William Paley's watchmaker analogy, which in 1802 he said was a proof of the existence of God. The people who are most sure that there's no such thing as a watchmaker in nature want one in social processes. We really don't understand very well how it is that markets are able to coordinate all of the different activities and wants and disagreements that people have. But that's the thing that that emergent property gives us.
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