Wednesday, October 18, 2006

Wicked Error from Wikipedia?

Wikipedia is an interesting concept – I contributed something on it years ago - and I should take some trouble to offer some more pieces on Adam Smith. Look at what Shane Schick, presumably familiar with Wikipedia, writes in Buisness.ca (Canadian Technology News) under the title: ‘‘It takes two to Wiki: Citizendum may offer the double-check that Wikepedia lacks’ (17 October):

Until recently, Wikipedia’s philosophy seemed not far removed from economist “Adam Smith. Just as Smith believed the “invisible hand” of the market would keep the forces of supply and demand.’


Comment
The fact that Adam Smith did not believe, nor did he assert, that he ‘believed the “invisible hand” of the market would keep the forces of supply and demand’.

Where does Shane Schick get such notions from? Hopefully, not Wikipedia – I will check to see what Wikipedia says – because its credibility would become questionable.

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