People have a hard time accepting free market economics for the same reason they have a hard time accepting evolution: it is counterintuitive. Life looks intelligently designed, so our natural inclination is to infer that there must be an intelligent designer — a God. Similarly, the economy looks designed, so our natural inclination is to infer that we need a designer — a Government.
January 05, 2006
Two counterintuitive ideas
Michael Shermer, editor of Skeptic, has written this in Edge (found via Cafe Hayek):
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Good analogy. But, does that mean free market economies also don't need economists?
ReplyDeleteNot working for the government...
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