Mike Downey: The wonder that a lot of progressives have about the natural order of the natural world, they don't bring to the social world. He says we can indeed see people making conscious of choices about prices and product quality. But it's not is not designed and could not possibly be designed, as you point out in the poem,. he writes.
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."