The URL below gives a great demonstration of the invisible hand (of death). And of course, I'd argue that society benefits.
http://www.reuters.com/
Thursday, October 20, 2011
Competition, Part 1 GAME ON WAYNE!!!!!
Adam Smith brought us the concept of the 'invisible hand', in that if individuals are allowed to pursue their own self-interests, society will benefit. That concept included the assumption of competition between suppliers, and competition between demanders.
The URL below gives a great demonstration of the invisible hand (of death). And of course, I'd argue that society benefits.
http://www.reuters.com/
The URL below gives a great demonstration of the invisible hand (of death). And of course, I'd argue that society benefits.
http://www.reuters.com/
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?