The Invisible Hand
by Adam Smith · first published 2013
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…to 2500 years ago, roughly. Which I can now access in ways that simply weren't possible before. I can also hit new commentary on old stuff. Such as, say, the significance (or not) of Adam Smith's "invisible hand": This link shows the exploration of the concept: https://plus.google.com/104092656004159577193/posts/FbXJLzny... If you want the meat of it, Gavin Kennedy's done the scholarship: "Adam Smith and…
on “Down The Rabbit Hole We Go: Mind-Expanding Documentaries” ↗…reading Smith ... decades after he was assigned reading in my intro economics uni courses: "Adam Smith's Lost Legacy: Or why you should read Wealth of Nations, that it's not what you think, and how the "invisible hand" is entirely a 20th century propaganda disinformation campaign" - I didn't seek out Smith anticipating agreement - Smith isn't an advocate of laissez faire - Smith speaks of the "free market" only…
on “Adam Smith and Inequality (2014)” ↗> Almost all discussion of "Adam Smith's Invisible Hand" is absolutely, completely, utterly false, and a modern 20th century fabrication From memory, the words "Invisible Hand" was only ever mentioned once throughout Wealth of Nations. It was used in his…
on “Adam Smith and Inequality (2014)” ↗Thus, the problem with Adam Smith's Invisible Hand in the modern world. I salute you for sticking to your guns, but I think we all could have predicted that Sony wasn't going to suffer any significant consequences from that. There's 10 major brands…
on “Samsung TVs should be regularly virus-checked, the company says” ↗…been swiftly discredited within the last 30 years in the mainstream because it is not just ideological, it's just plain wrong. It is also a fun house mirror of those it credits to make the claims. The "Invisible Hand" of Adam Smith was a pejorative for a market that dominates the lives of people living under it, not a fantastical near utopia where men are entitled to the sweat of their brow.
on “U.S. sues Apple, accusing it of maintaining an iPhone monopoly” ↗