Prices Rule in Markets!
Sandra Vogel on PC Advisor tells readers about the visible instrument of the market HERE
“Best Chrome Extensions: Invisible Hand”
“Invisible hand is a shopping tool that compares prices across a range of different sources to find the lowest price for you. It specialises in flights, hotels and car rental with coverage of hundreds of airlines and thousands of hotels. …
However, a brilliant feature is that Invisible Hand will automatically pop up when you're shopping online to alert you if you can get the same product cheaper elsewhere.”
CommentMarkets always work through visible prices. They cannot work without visible prices. Writing a program to select the cheapest prices from data entered does not alter that fact. Calling the program the “invisible hand” does not add anything to the function of prices, nor does its absence change anything about the role of visible prices. It is purely a fad to make the PC Advisor appear trendy in modern terms and Sandra cleverer than may be the case.