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Later to be debunked by Karl Marx. Invisible Hand my ass.
by cutler 2y ago
Later to be debunked by Karl Marx. Invisible Hand my ass.
- GenerativeAl 2y ago[dead]
- randomcarbloke 2y agohardly, they both put stock to some extent in the LTV although it wasn't named when Adam Smith remarked on how intrinsic value is derived. Though in practice we can see all around us the disbursement of the invisible hand in the allocation and distribution of resources, his misstep was failing to recognize and fully explore the theory of marginality despite touching on it.