I just learned that, according to Harvard Business Review, the Invisible Hand has been shown to be no agent.
https://hbr.org/2012/04/there-is-no-invisible-hand
I think they only show that markets are not efficient as the metaphor implies. Surprise!
I just learned that, according to Harvard Business Review, the Invisible Hand has been shown to be no agent.
https://hbr.org/2012/04/there-is-no-invisible-hand
I think they only show that markets are not efficient as the metaphor implies. Surprise!