Friday, November 08, 2013

Silly Question

 (latest of 3732 answers to 721 questions he/she has posted):
“How does the Invisible Hand of the Market allocate resources?
a) Efficiently but not necessarily fairly
b) Efficiently and fairly
c) Fairly but not necessarily efficiently
d) Neither efficiently nor fairly.”
The short long answer is: none of the above – the "invisible-hand" metaphor does not allocate resources. 


Post a Comment

<< Home