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The Price System: End of Chapter Problem This chapter emphasized the ability of an orderly system to emerge without someone explicitly designing the entire system.
The Price System: End of Chapter Problem
This chapter emphasized the ability of an orderly system to emerge without someone explicitly designing the entire system. How does the evolution of language illustrate a type of spontaneous order?
Like markets...
everyone is being forced to speak the same language.
language is the result of involuntary and directed cooperation.
a central planner wrote out all the rules for any given language.
no one wrote out all the rules for any given language beforehand.
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