Skip to content
The Odessa

ELAM: About that invisible hand

ELAM: About that invisible hand
Photo: Odessa American (oaoa.com) · view original

Going far beyond the original intent of Adam Smith’s invisible hand metaphor, twentieth-century economists popularized the use of the term to refer to a more general and abstract conclusion that truly free markets are self-regulating systems that always tend to create economically optimal outcome...

Sources and story details