Thursday, April 04, 2013

Loony Tunes no. 80

Adrian Salbuchi, a political analyst, author, speaker and radio/TV commentator in Argentina posts on “RT questions more HERE 
All economic and social woes are explained away as resulting from the “laws of the economy” and the “invisible hand of the market”.  Economists’ theorizing mumbo-jumbo never tells you is that the “invisible hand” is moved by a muscular “arm” that is directed by a perverse brain…”
Stefan Silber writes on “Himanism and Violence” in US HERE 
Mandeville declared: private vices become public virtues. Adam Smith changed this into the invisible hand of the market: the evil is the good. The evil, the exploitation, is only seemingly evil. The invisible hand of the market transforms it into a contribution to the general interest so it becomes the good.”
GK: Unmitigated nonsense about Adam Smith – I blame modern economists for misrepresenting Adam Smith (I have no qualms about Bernard Mandeville description; Smith describes his philosophy as “licentious”).
Tom MccArthy in Bristol24-7 HERE 
“The report highlights the need for a supportive pat on the back from the government if the invisible hand is proving to be not just invisible but also insensible.”
Cari Hachmann is a writer and photographer for the Portland ObserverHERE 
Fox's Stossel Overplays His Invisible Hand
Jill Fitzsimmons HERE 

Indira babbellapati writes a poem HERE, prompting P. L. Thomas writing Public and scholarly writing at Furman University:
One tactic common among choice advocates is to associate the Invisible Hand of the market with Lady Justice”


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