The Nearly Invisible Invisible Hand

Tags: Calculation and Knowledge, Monetary Theory, Other Schools of Thought

07/30/2014 Journal of Libertarian Studies Rex L. Cottle Myles S. Wallace

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Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists. A case in point involves government efforts to control prices.

Volume 5, Number 3 (1981)

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Cottle, Rex L., and Myles S. Wallace. “The Nearly Invisible Invisible Hand.” Journal of Libertarian Studies 5, No. 3 (1981): 341–343.

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Rex L. Cottle

The Nearly Invisible Invisible Hand

07/30/2014 Journal of Libertarian Studies Rex L. Cottle Myles S. Wallace

Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists. A case in point involves government efforts to control prices. Volume...

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