Thursday, September 29, 2011

Looney tunes no 1*

1 EDWARD TENNER - a historian of technology and culture. He was a founding advisor of Smithsonian's Lemelson Center and holds a Ph.D in European history writes HERE:

The sociologist Charles Tilly coined a related phrase for history's strange linkages, the Invisible Elbow.”

2 Before, After And "Appreciation" At (Or At Least For) The Heublein at ...
By socketadmin (HERE):

So, I am not an expert on these matters, but something tells me that stairway is not to code, unless the invisible hand/guard rail has been perfected.”

3 Thomas Watson writes in Canadian Buiness (HERE)

“Journalists vs. high-frequency traders”

“Supporters insist the volume of trades that HFT shops provide generates a steady flow of awesome liquidity, giving Adam Smith's invisible hand a bionic upgrade by making it better, stronger and faster like Steve Austin in the Six Million Dollar Man (look it up here, kids).” (27 September)

4 Rob Lyons on Spiked writes (HERE):

Making a Balls-up of the economy’

“By avoiding that harsh reality and borrowing more and more, past UK governments have effectively plonked the country’s economic short-and-curlies in the invisible hand of the market – which is now rather agonisingly taking on the shape of a fist.
” (26 Sept)


Believers in the modern (post-1948) myth of Adam Smith’s so-called ‘invisible hand of the market’ are welcome to explain these examples of the imagination.

(*) An irregular and irreverent series of nonsense about the invisible hand in today's media.



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