Thought for the day
- Economist and political philosopher Friedrich Hayek says: "A spontaneous
order is a system which has developed not through the central direction
or patronage of one or a few individuals but through the unintended
consequences of the decisions of myriad individuals each pursuing their
own interests through voluntary exchange, cooperation, and trial and
error. This process of spontaneous evolution is not restricted to
explaining the growth of the economic order but can also account for the
development of language, money, culture, law, social conventions and
even morals and ethics. Although the spontaneous order develops through
individuals pursuing their own interest, the individuals still behave by
following commonly held rules rather than by acting in a random fashion,
and these rules are themselves the product of evolution."
I just wanted you to know.