‘Go to the ant, thou sluggard’
Thursday, July 12th, 2007(Title: Proverbs 6:6)
How do ants build vast underground cities without a chief engineer? How do bees build a hive and make honey without a leader? How do swarms of migrating birds or schools of fish seem to move as one organism? An article in the current National Geographic, “Swarm Behavior”, offers insights into the question of how the simple actions of individuals add up to the complex behavior of a group — but this 2007 author reveals an economic blind spot about what Adam Smith understood as early as 1776. (more…)