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I, Fuel Pump

Posted By Don Boudreaux On August 30, 2010 @ 4:17 pm In Complexity & Emergence,Cooperation,Standard of Living,The Economy,Trade | Comments Disabled

Here’s overwhelming – and fun – evidence that markets work [1].  I wonder if this author, James May (who seems to grasp, at least intuitively, sound economics), has ever read Leonard Read’s exquisite essay “I, Pencil [2].” (HT Dan Moore)

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[1] Here’s overwhelming – and fun – evidence that markets work: http://www.topgear.com/uk/james-may/james-engineering-2010-07-09?utm_source=twitter&utm_medium=twitter&utm_campaign=twitter

[2] Leonard Read’s exquisite essay “I, Pencil: http://www.econlib.org/library/Essays/rdPncl.html

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