Tag: values

The Invisible Hand and Its Scar

Thumb on the Scale of Justice

If you’ve studied economics or the business pages, you’ve probably heard of the Invisible Hand. Adam Smith introduced the metaphor in The Wealth of Nations two hundred and fifty years ago. It’s been elaborated on and developed into a basic justification of unfettered free market economy. The Invisible Hand The invisible hand is a metaphor…

Soft Sciences, Hard Sciences

Soft sciences deal with human behavior and have value judgments in them. Hard sciences strive to understand the physical world and its phenomena.