Category: Economic Theory

Discussion of various points of free markets. See Government Economic Policy for US Government’s significant role.

Invisible Hand

The Invisible Hand (from jeff-for-progress.blogspot.com). Scrooge McDuck-looking character hoisted aloft on the Invisible Hand, looking down at 5 identical factories with tall chimneys spewing smoke in their industrious pursuits

Freedom of opportunity and equal pay for equal work should not be sacrificed because the Invisible Hand of market forces might operate better if those societal goals were ignored.