I picked this up through a post by blogger, Bob Krumm at bobkrumm.com. (Warning, he blogs on political issues so if you don't want to read about politics, avoid the link.) His pithy comment is "Conceivably millions of people have a hand in the making of a pencil. And yet, without any central control whatsoever, somehow, that old reliable #2 is always available wherever I choose to shop."
In a manner similar to Adam Smith's classic take-apart of the production of matches, I, Pencil is a great rendition of how the invisible hand works in economics. The "I, Pencil" article is here.
Sunday, October 28, 2012
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Woke Terror
I recently heard a new phrase that stuck in my head like a dart in a dart board - Woke Terror . In our world a formerly innocent remark...
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I recently heard a new phrase that stuck in my head like a dart in a dart board - Woke Terror . In our world a formerly innocent remark... -
I wish I had the time - or maybe I'm just not smart enough - to disassemble conventional wisdom like some people can. But then, maybe I...
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Steve Jobs passed away in October of 2011 and it now appears that Apple-The-Magnificent passed with him. Apple's stock has been in...