Difference between revisions of "Invisible Hand"
From Critiques Of Libertarianism
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[[Category:Libertarian Propaganda Terms]] | [[Category:Libertarian Propaganda Terms]] | ||
− | [[Category:Market Fundamentalism]] | + | [[Category:Common Fallacies Of Economics|100]] |
+ | [[Category:Market Fundamentalism|200]] | ||
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− | {{DES | des = One analogy used by [[Adam Smith]] has been inflated into a full-blown economic mythology. If there is an "invisible hand", it drives concentration of wealth and power instead of economic equilibrium. | show=}} | + | {{DES | des = One analogy used by [[Adam Smith]] has been inflated into a full-blown economic mythology. If there is an "invisible hand", it drives concentration of wealth and power instead of economic equilibrium. There is also a corresponding "[[Invisible Foot|invisible foot]]" that leads to production of harmful externalities. | show=}} |
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