Sunday, July 08, 2007

Silly Sunday Stories on Adam Smith

This is from New York Public Radio:

The Invisible Hand

In 1776, writer Adam Smith came up with a theory: when lots of buyers and lots of sellers get together, the resulting "market price" that emerges through all that buying and selling is in fact the work of an "invisible hand." He meant god. We think he really meant "emergence

Too daft for a comment…


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