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Rex L. Cottle

The Nearly Invisible Invisible Hand

Journal of Libertarian Studies

Author: Rex L. Cottle Myles S. Wallace

Online Publish Date: July 30, 2014

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

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

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