Tag: Matt Ridley

  • The catallaxy of Industry 4.0

    The catallaxy of Industry 4.0

    Consider the following prediction by Matt Ridley, in his 2010 book The Rational Optimist: I forecast that the twenty-first century will show a continuing expansion of catallaxy — Hayek’s word for spontaneous order created by exchange and specialisation. Intelligence will become more and more collective; innovation and order will become more and more bottom-up; work…