Dan Klein of George Mason University talks with EconTalk host Russ Roberts about the marvel of economic coordination that takes place without a coordinator--the sequence of complex tasks done by individuals often separated by immense distances who unknowingly contribute to everyday products and services we enjoy. Klein also discusses what he calls "the people's romance"--the idea that the highest form of human cooperation is through government action.
This podcast is an accessible and thoughtful introduction to the work of Adam Smith and FA Hayek and provides a set of resources that might be of interest to those interested in comparative institutional arrangements.
The Liberty Fund has an annual conference on each of these thinkers.
Monday, December 13, 2010
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