Thursday, May 04, 2006
Spontaneous Order and Central Planning
Here is a very good article explaining spontaneous order and the problems of central planning. It is entitled Rinkonomics by Daniel B. Klein.
This is very useful for understanding the failures of urban planning and economic development. It is also interesting to see the parallels between transportation systems and the rinks that he describes. Now we just got to find a way to privatize the roads.
Interesting theme at the bottom of the paper -- like the golden rule of mutualities.
This is very useful for understanding the failures of urban planning and economic development. It is also interesting to see the parallels between transportation systems and the rinks that he describes. Now we just got to find a way to privatize the roads.
Interesting theme at the bottom of the paper -- like the golden rule of mutualities.
