Gleick Responds...

...to my post on the Pacific Institute's recent report. [Ironically, I am accused of thinking that water markets are perfect. If only!] Read his response and my reply here.

Readers interested in the command and control perspective of politicians and regulators versus spontaneous order perspective of economists (me!) should take a look at this post on Hayek, Knowledge and Prices.

Hayek's 1945 The Use of Knowledge in Society [PDF] is perhaps the only paper one ever need read to understand why markets are awesome and central planners doomed.