This week's reading ought to be familiar to veteran SWEET scholars. Once again were back to Hayek's ideas on spontaneous organization of markets. The key insight I find from his distinction between two types of order - taxis and kosmos - is that systems like markets need not arise from the direction of any intelligent design, it can simply arise as an unintended consequence of our natural actions.
I wont waste time regurgitating previous posts on the subject so let me just pose a question:
Why do you think it took economists until Hayek to finally articulate the same, seemingly obvious, conclusion that biologists have had a consensus on since Darwin?