Samriddhi, The Prosperity Foundation announces “Expressing ideas for a Free Society – A Creative Competition” . A chance to win a total of Rs. 60,000 by learning about five of the greatest freedom champions and expressing their central ideas creatively.
Here are some resources that will help you prepare for the competition;
The Invisible Hand
The concept of ‘The Invisible Hand’ was first introduced in: The Theory of Moral Sentiments, written in 1759. The association of the term with markets is more visible in the book “The Wealth of Nations”.
- Adam Smith: A Primer
- The theory of Moral sentiments (full book) : Read or Download
- An Inquiry into the Nature and Causes of the Wealth of Nations: Read or Download
- Russ Robert’s audio on The Invisible Hand:
- Youtube Video on The Invisible Hand:
- I pencil essay by Leonard Read. Video of the essay.
Spontaneous Order, also known as ‘self-organization’ or ’emergent order’ means an order that emerges on its own and without somebody’s grand design. E.g. language. Hayek argued that market economics is spontaneous order.
- Here is an entry on Hayek and spontaneous order in the Stanford Encyclopedia of Philosophy
- His his landmark article The Use of Knowledge in Society helps us understand why spontaneous order.
- Here is a more academic take on Hayek’s idea of spontaneous order.
- Here is an article from Steven Horwitz that explains the tradition of spontaneous order from Smith to Menger to Hayek.
- The Tradition of Spontaneous Order: A Bibliographical Essay by Norman Barry
- John Stossel on Spontaneous Order
- More here.
Capitalism & Ayn Rand
Bastiat & ‘What is see and what is not seen’
French classical liberal theorist, political economist, and member of the French assembly explains opportunity cost and debunks several myths about economics, policies and law in this short and easy to understand writing.
Milton Friedman & School Choice
Famous for his “Free to Choose” series, Nobel Prize Winning Economist Milton Friedman is also known as a great proponent of school choice, which can help provide quality education to the masses.
- Here is view on School Choice.
- Here is a piece from The Freeman on School Choice.
- A more relevant context of school choice from neighboring India and frequently asked questions.
- More here.