As Adam Smith, the man who gave us the concept of the invisible hand, wrote.
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That is, the invisible hand is a metaphor for a suboptimal outcome driven by non-economic considerations.
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Adam Smith is long considered the first philosopher to mention the invisible hand of the market.
The invisible hand of Adam Smith is advocated by the visible hand of Mr Singh.
In a competitive market, the quantity and the price would be set simultaneously by the invisible hand.
One of the best-kept secrets in economics is that there is no case for the invisible hand.
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Government policies shape markets, turn winners into losers and, unfortunately, can distort the invisible hand of the market.
Old-fashioned economists used to think that this sort of thing was what kept the Invisible Hand waggling lucratively away.
The invisible hand that I think that everyone should be worried about is the union busters in these areas.
Nothing pushes back like the invisible hand of Adam Smith, i.e.
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In short, the invisible hand of globalization will work to ensure a redistribution of cost advantages to the benefit of the ultimate consumers around the world.
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Adam Smith suggested the invisible hand in an otherwise obscure passage in his Inquiry Into the Nature and Causes of the Wealth of Nations in 1776.
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But since the Tories plan to give free schools more money for teaching poor children, staying the invisible hand by excluding operators like GEMS seems particularly perverse.
Obviously, Japan will need to rebuild and either way it will recover, but she will do so more quickly by letting the invisible hand point her forward.
The more freely prices may move and the more certain the scale, the better the invisible hand can conduct a harmonious improvement in living standards for all.
We should not assume that the interests of advertisers and users of street furniture, or streets, will be brought together by the invisible hand of local government.
In fact, disaster response provides an excellent example of how the invisible hand of the market works to alleviate suffering and bring quick relief to those in need.
You might think that the invisible hand of market competition would have solved these problems, that the prospect of higher income from improved practices would have encouraged change.
The invisible hand of the market fumbles, leading resources astray.
In a testament to the power of the invisible hand, the rough-and-tumble success of the Chinese bus lines is attracting new competitors, and the industry is becoming less dodgy in the process.
The argument about to what extent EA is responsible for these changes to games, and how much the invisible hand of the market is to blame, will be fought over for a long time to come.
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If there is a single lesson to take away from these indictments, it is that we must always remember that human nature dictates that the invisible hand that moves markets and economies gets every nudge it can, by any means fair and foul, from anyone who can contrive to gain power over it.
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" Mr. Coase's transaction costs "find no place in the mathematical models that the followers of Adam Smith developed to explain the superiority of the market's invisible hand to the controlling hand of bosses.
But they are interested in details that the invisible-hand people often find too disgusting to contemplate.
" Referring to the invisible "Hand, " Meyer said that once the character is painted on a building, "you're a goner.
But you have overlooked the invisible yet heavy hand of the Egyptian military establishment, which has controlled the succession of power since Egypt gained its independence in 1952.
Since UPS began shuttling parcels from Seattle department stores with a Model T Ford and a few motorcycles in the early 1900s, it has become an almost invisible hand in the U.S. economy (see chart).
The most popular of these quirky relationships is the Super Bowl indicator, which basically says it's not Adam Smith's Invisible Hand moving the market, but Vince Lombardi's.
With luck, this message will be written clearly by the electorate's invisible hand on Election Day.
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