Tag: Free Market

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

When media analysts claim that the free market and the Invisible Hand always arrives at the best answer, try to recall the need for competitive markets and their constrained scope.