Libby Purves

Discovers the wisdom of the crowds.

You see what I mean? From gloomy contemplation of the way that corporate greed, recklessness and circumstance conspire against the innocent, this contemplation of punters\’ hunches can provide a free and entertaining version of fashionable polling, “crowdsourcing” and focus-grouping. I may now consult it weekly (I just checked up on the next Met Commissioner. Hmm, some surprises there). And yes, I know that gambling ruins lives, and no, I never bet myself. Too mean and timid. But watching those who do is strangely informative. Especially when a book closes suddenly.

Now if we can just nugde her along a little bit more and point out that this is why markets work in placing a price upon things, that this how how we get spontaneous order…in fact, wouldn\’t it be interesting if we could actually get everyone to understand these basic points?

1 thought on “Libby Purves”

  1. “…this is why markets work in placing a price upon things, that this how how we get spontaneous order…in fact, wouldn’t it be interesting if we could actually get everyone to understand these basic points?”

    I kind of agree with you about getting everyone to understand the basic idea, but I fear the effect might be the same as the effect Martin Luther had on 16th century Germany when he got lots of people to understand how corrupt the catholic church was. Still it would be pretty cool if the mob were to storm parliament and destroy the symbols of statist lies.

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