Quotation of the Day…

by Don Boudreaux on June 23, 2014

in Adam Smith, Competition, Complexity & Emergence, Creative destruction

… is from page 66 of the late Stephen Jay Gould’s 1980 collection, The Panda’s Thumb; specifically, it’s from Gould’s December 1979 Natural History essay “Darwin’s Middle Road” – an essay in which Gould argues that Adam Smith’s explanation of the operation of the invisible hand in markets was a chief spark for Charles Darwin’s theory of natural selection:

In fact, I believe that the theory of natural selection should be viewed as an extended analogy – whether conscious or unconscious on Darwin’s part I do not know – to the laissez faire economics of Adam Smith.

Nearly ten years ago I wrote more about this essay by Gould.

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