Market Failure: The Back of the Invisible Hand

The myth: The mysterious “invisible hand” of the free market will “make everyone better off.” Practical experience tells us otherwise… June 20, 2007 (crisispapers.org ) – The concept of "the invisible hand," cherished by self-designated "conservatives," has its origin in Adam Smith’s Wealth of Nations. [The individual] neither intends to promote the public interest, nor … Continue reading Market Failure: The Back of the Invisible Hand
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