Econ Talk is a weekly podcast from the Library of Economics and Liberty. This week, Russ Roberts talks with Mike Munger and Don Boudreaux about emergent order. The idea that if we want to accomplish something, we have to execute steps needed to make it happen. We'll also look at an animated poem based on these ideas.
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."