Spontaneous Order

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I, Pencil

Free To Choose Network event 1980

trending_up Free Market hub Spontaneous Order people Division of Labor analytics Economics swipe_right Invisible Hand

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"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."

— Hayek, Friedrich

menu_book Law, Legislation and Liberty

psychology Knowledge hub Spontaneous Order account_tree Central Planning warning Fatal Conceit

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"Money has not been generated by law. In its origin it is a social, and not a state institution. Sanction by the authority of the state is a notion alien to it."

— Menger, Carl

menu_book On the Origin of Money

currency_exchange Monetary Theory hub Spontaneous Order monetization_on Sound Money menu_book Austrian Economics

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I, Pencil: My Family Tree as Told to Leonard E. Read

person Read, Leonard

event 1958

A classic essay illustrating the concept of spontaneous order through the story of a pencil's creation, demonstrating how no single person possesse...

hub Spontaneous Order trending_up Free Market people Division of Labor psychology Knowledge

On the Origin of Money

person Menger, Carl

event 1892

Menger's influential essay explaining how money emerged spontaneously from barter as the most marketable commodity, without need for government dec...