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Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order
Episode 581

Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order

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."

EconTalk · EconTalk: Russ Roberts

June 12, 20171h 13m

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Show Notes

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."

Topics

spontaneous ordereconomicsmichael mungereconlibtop downcoordinationdon boudreauxemergencecompetitive marketsfriedrich hayekcitiesbottom up