by Summary:
Mainstream economists today see themselves as the descendants of Adam Smith, and they regard their models as having operationalized Smith’s rhetoric about the “invisible hand” of the market. But in fact, they have done the opposite of what Smith imagined: whereas Smith conceived of the market mechanism leading to a socially beneficial outcome despite the ...
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Steve Keen considers the following as important:
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Mainstream economists today see themselves as the descendants of Adam Smith, and they regard their models as having operationalized Smith’s rhetoric about the “invisible hand” of the market. But in fact, they have done the opposite of what Smith imagined: whereas Smith conceived of the market mechanism leading to a socially beneficial outcome despite the ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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