Re: Beliefs: the invisible and the visible hands of Adam Smith

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Article #2649

#2649

From: Sam Wormley
Date: Wed, 28 Jun 2006 14:56

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Fabrizio J Bonsignore wrote:
> 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
> 


   *Plonk*

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Subject: Re: Beliefs: the invisible and the visible hands of Adam Smith
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