Rational Optimism – Matt Ridley on TED.com

Posted on July 19, 2010

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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.)