Monday, July 19, 2010

Rational Optimism - Matt Ridley on

How humans' ability to conceptualize and capitalize on gains from trade leads to economic and societal progress:

Ridley references one of my favorite economics lessons from Uncle Milty - The Story of the Pencil - though he fails to cite Milton Friedman on the idea... Found that rather disappointing.

(Thanks to Paul Kedrosky's blog post for pointing out this video presentation.)

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