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Well, the text makes visible an invisible machine, built by all but planned by none. I don’t think the author wanted to write a reference work on all aspects o
by unknown_apostle 10y ago
Well, the text makes visible an invisible machine, built by all but planned by none.
I don’t think the author wanted to write a reference work on all aspects of its subject :-)
Here’s what I personally get out of its perspective: contentment and inspiration. It provides glory to the seemingly mundane tasks of everyday economic life. Comparing prices, finding customers and suppliers, solving small problems, settling disputes. This is what the invisible machine is composed of.
It also shields my mind, like a lode star that guides me away from many popular beliefs about what “needs to be done to boost GDP”.
- mannykannot 10y agoWell, You did call it one of the great economics texts... I agree that the topic is an important one (I have told a similar story about nuts and bolts), but its presentation here ends up in simplistic dogma that ignores several realities of industrial economies. I am not sure that a mind shield is a good thing.
- unknown_apostle 10y agoYes, in the context of getting high school kids acquainted with the emergent nature of economic order. The shield/lode star thing: let's not go full politics. I'm not narrow minded... Let's just leave it at that :-)
- mannykannot 10y agoWe can agree to disagree :-) In a libertarian utopia, no-one should be required to read anything.