George Will on who commands the millions of people involved in making a pencil, Pencils and Politics and the idea of spontaneous order.
Producing this simple, mundane device is, Ruth says, "an achievement on the order of a jazz quartet improvising a tune when the band members are in separate cities." An unimpressed student says, "So a lot of people work on a pencil. What's the big deal?" Ruth responds: Who commands the millions of people involved in making a pencil? Who is in charge? Where is the pencil czar?
Her point is that markets allow order to emerge without anyone imposing it. The "poetry of the possible" is that things are organized without an organizer.
--
Goods and services, like languages, result from innumerable human actions—but not from any human design. "We," says Ruth, "create them with our actions, but not intentionally. They are tapestries we weave unknowingly." They are "emergent phenomena," the results of human action but not of human design.
Update. A most famous essay, I Pencil by Leonard Read with an introduction my Milton Friedman who wrote:
"I, Pencil" is a typical Leonard Read product: imaginative, simple yet subtle, breathing the love of freedom that imbued everything Leonard wrote or did. As in the rest of his work, he was not trying to tell people what to do or how to conduct themselves. He was simply trying to enhance individuals' understanding of themselves and of the system they live in.
Posted by Jill Fallon at September 16, 2008 5:22 PM | Permalink