Beliefs: the invisible and the visible hands of Adam Smith

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Article #2648

#2648

From: Fabrizio J Bonsignore
Date: Wed, 28 Jun 2006 14:31

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This is a short post only evocative of further ideas, but connected to
some if not most of he previous threads. So Smith postulated a
mechanism and he, or somebody else pidtured it as an invisible hand,
ordering the market... But the market doesnt let itself be ordered so
easily! It self organizes, and yet there are distortions. So to
economists the invisible hand is a very visible hand indeed! Then, were
is the invisible hand? Th e thesis is simple: besides the highly
absract and homogeneous workings of the invisible hand, there is
another, maybe more than one, mechanisms ordering wide nhumbers of
actors. The invisible visible hand next to a really invisible hand...
or what others would call mafia. This can be realted as side by side
constructions over a more basic and abstract organizing principle....

Fabrizio J Bonsignore now Danilo J Bonsignore

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From: "Fabrizio J Bonsignore" <djbonsignore@hotmail.com>
Newsgroups: sci.econ,sci.physics,ny.politics,seattle.general,dc.general
Subject: Beliefs: the invisible and the visible hands of Adam Smith
Date: 28 Jun 2006 07:31:34 -0700
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