Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The "Invisible Hand" was a phrase coined by a Scottish economist who lived in the 1700's, Adam Smith. Do you think he had any concept of US based global computer corporations the size of IBM, MS, or Apple?

Free markets are not the only source of Invisible Hand. There's a growing mountain of actual evidence that regulations also often come with Invisible Hands that are larger than the hands of free markets. Take the environment [1], for example. There's no amount of Invisible Hand that offsets pollution that kills people. The Porter Hypothesis [2] is the name of the invisible hand inside the debate on environmental policy.

[1] https://www.epa.gov/sites/production/files/2017-08/documents...

[2] https://en.m.wikipedia.org/wiki/Porter_hypothesis



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: