Friday, February 05, 2016

Loony Tunes no. 127

1
Posted (27 January) on Social Media Week HERE 
“THE INVISIBLE HAND & IT’S VISIBLE EFFECTS IN THE WORKPLACE"
“Even though we may not be able to see the “Invisible Hand,” there have been very visible effects on the workplace in terms of how we interact with technology, our clients, and our coworkers.”
Comment
What a muddle!
2
Kim Reynolds posts (1 February) on Motor Trend
HERE 
“Quicker than you’ll say Adam Smith, the automotive market’s invisible hand is about to hand a big chunk of its power to planet-spanning governmental edicts.”
3
Wayne Jett posts in TruNews (3 Feb) HERE 
“Wayne Jett: Strong Dollar Fools Gold”
Wayne Jett is the managing principal of Classical Capital’s economic analysis and publishing. … In 1999 and 2000, he wrote a  book called  A General Theory of Acquisitivity to explain that Adam Smith’s “invisible hand” is actually a natural mechanism designed into each person, which efficiently allocates scarce resources to individuals able to use them most productively.
Comment

Wayne Jett is a fantasist. If each person is "designed" to "use ... scarce resources ... most productively" how is it that some succeed and many don't?

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