Interesting NY Times article by John Tierney - I just finished Paul Seabright's book - The Company of Strangers and Tieney's replication of the Julian Simon "experiement" is a wonderful illustration of the emergence of problem solving among strangers.
Seabright's book is a wonderfully accessible and informed integration of the work of Hayek, Simon, Mancur and Vernon Smith - although he does not cite the first or last.
The chapter dealing with the economics of water is a masterful application of the economic way of thinking and, I would argue, must reading along with Capitalism and Freedom.
Take the Clear Pill on Inflation
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