LOONY TUNES no. 111
1
“Adam Smith hit a lot of big shots with an invisible hand in his face.”
2
Alula Berhe Kidani posts on Sudan Vision Daily (2March) HERE
“After formal political independence, Adam Smith’s famous ‘invisible hand’ simply did not govern African agricultural production and trade.”
3
Valentin Schipfer posts (2 March) HERE
“The Invisible Hand of the City Srikes Back”
“It seems as if an invisible hand of the city enthusiastically seeks to not let any square centimeter equal each other – similar to the uncoordinated interaction between citizens of my above examples but on a different scale.”
4
“Krugman summarizes that old illusion thusly: “The law of supply and demand, they say, determines the level of wages, and the invisible hand of the market will punish anyone who tries to defy this law.”
“Not so.”
5
Helen Razer in Daily Review (3 March) Review of new House of Cards” HERE
“And, all the while, millions of Australians are goosed by the Invisible Hand.”
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