ECON 200 Study Guide - Quiz Guide: Tyler Cowen, Spontaneous Order, Jonathan Swift
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Skating in a roller rink is an example of spontaneous order. No one plans or directs the overall order. In this example the social good can only be achieved by spontaneous order. Local conditions your opportunities, constraints, and aspirations best known by you. Economics we want to discourage collisions, we want to encourage voluntary exchange. If someone tried to plan the economy, it would be a disaster. Social patterns in the economy are complex; decentral planning is necessary. Whe(cid:374) go(cid:448)er(cid:374)(cid:373)e(cid:374)t says (cid:449)hat you (cid:272)a(cid:374)"t do (cid:449)ith your (cid:373)o(cid:374)ey/property/ takes ~35% of ear(cid:374)i(cid:374)gs, they tread on your liberty affairs less spontaneous and more centrally directed. In society, we are each focused on our own situation, but we exist together spontaneous order. Economics does not make the window of spontaneous order visible, but it helps us see the principles at work. Vision is the art of seeing things invisible jonathan swift. The human side of trade by russ roberts:
