Article 2V358 What Charles Darwin Owes Adam Smith

What Charles Darwin Owes Adam Smith

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As Leonard Read pointed out, each time that the pencil is purchased, tens of thousands of different people collaborate to supply the wood, the graphite, the knowledge, and the energy, without any one of them knowing how to make a pencil. Says Smith, if you like, "This came about by bottom-up emergence, not top-down dirigism." In both cases, nobody's in charge, and crucially, nobody needs to understand what's being done.

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