Economics and psychology Sep 12, 2009
The authors explain that just as Adam Smiths invisible hand is the keynote of classical economics, Keynes animal spirits are the keynote to a different view of the economy a view that explains the underlying instabilities of capitalism. Keynes view of the governments role in the economy was very much like what we are told in parenting advice books. (The Star Online, Malaysia -- Business)
The many faces of patriots Sep 12, 2009
"Surely it is nurtured by an invisible hand.". In Litchfield Park, the Wigwam Golf Resort and Spa hosted its inaugural Patriot Day breakfast for military, fire, law-enforcement and other emergency personnel. (AZCentral -- News)
Clive Peeters eases back towards normalcy Sep 9, 2009
Smith's treatise, published in 1776 and commonly referred to as Wealth of Nations, was a great leap forward in economic thinking, and introduced the idea of the ''invisible hand'' of commerce that underpins market capitalism. As part of the festival, Sanctum and Fenestra plan to ''realise Smith's ideal of a true and unfettered market on a small patch of turf in Brunswick'', which they are calling ''Wall Street on Barkly. (Sydney Morning Herald -- Business)
Balance the budget, now Sep 2, 2009
Joey wrote on Sep 1, 2009 2:32 PM:" You guys are so scared of anything that I'm surprised you write anything at all for the threat your shadow might tell the person next you and then the government. *plays scary music at the word government*Can someone please tell me how the government has hurt them personally? Did the government touch you in the no-no spot? C'mon, these are the men and women we elect (in landslides in ND) to go to Washington D.C. and protect our interests and our values. And... (Bismarck Tribune, ND)
Chances of health compromise erodes Sep 1, 2009
deconstructor wrote on Aug 31, 2009 11:56 PM:" You have some good arguments there, Seniorlady. Yes, I read about those contributions. And, yes, the doctors will not take less. But, that is why I think a forced play on the part of the government may be the only thing that may work. In the month of Sept. President Obama will get tough again and push the "govenment option" through. My concern is that the invisible hand of economics does not work in the area of healthcare and it is time to let the... (Columbia Daily Herald, TN)
Comment on this article Aug 28, 2009
Offsetting the Invisible Hand ... It is the modern adaptation of the "invisible hand" dictum of Adam Smith, only now the magic of the market proclaimed is not just to aggregate wealth but to lead self-interested pollution reduction as well ... While there may be offset projects and there will be trading volume, based on available information, the "invisible hand" of the market, on which policy makers are counting, will be paralyzed by the ongoing complexity and uncertainty which the system... (Energy Pulse, CO)
Stocks Up Slightly as Home Sales Jump Aug 27, 2009
NEW YORK, Aug. 26, 2009. Increasingly Cautious Mood has Gripped Market After Stocks Soared More than 45% since Early March. (CBS News)
The Invisible Hand of the Corporate... Aug 27, 2009
The Invisible Hand of the Corporate Culture. The Invisible Hand of the Corporate Culture ... The Invisible Hand of the Corporate Culture. (Suite101.com)
Japan's elite misses emotional deficit Aug 26, 2009
The invisible hand of the market is guided by ethical concerns. A party that could articulate that sentiment would give voice to the interests of Japan's women and the devalued and underemployed men whose numbers are proliferating. (Asia Times Online)
Any sense of collective responsibility evaporates in Washington Aug 26, 2009
The other major concerns are health care rationing and the invisible hand of faceless bureaucrats telling your doctor when it s time for you to expire. In truth, there will be no death panels, only endless printed regulations written in legalese Paragraph one to 300 with subparagraphs 500 to 625 will tell the physician what he can or can t do to prolong your life without endangering compensation for his or her trouble. (Sioux City Journal, IO)
What the Growing Deficit Really Means Aug 26, 2009
After all, GOP are all about the 'invisible hand' and 'free markets', including free international markets. They are the zero tariff group, NOT the DNC. I expect import tariffs to increase, under Obama. (CBS News)
Here comes more government health care Aug 24, 2009
And if your infection is spread to someone who can t survive the flu and dies as a result of your selfishness, that s just the Invisible Hand of the marketplace doin it s thang ... And if your infection is spread to someone who cant survive the flu and dies as a result of your selfishness, thats just the Invisible Hand of the marketplace doin its thang. (Atlanta Journal-Constitution -- Opinion)
Looking For Mister Right Aug 24, 2009
American Spectator declares that your local car-repossession specialist, by staying within snatching distance of your wheels, renders them securable to a lender, and therefore exemplifies the power of the market's invisible hand that Adam Smith saw as so central to this nation's wealth. (Wow, that's a stretch. (New York Post -- Business)
Bipartisan Support Only With Co-Op Aug 24, 2009
Adam Smith's "invisible hand" is the Republican's version of the death panel ... I've become convinced that if a tree falls in the forest it makes no sound, and that if a poor kid dies of the 'invisible hand' neither does he ... Thats the advantage of the 'invisible hand', its also inaudible. (CBS News)
Oregon Rep. Fights Palin, Gingrich Attacks Aug 14, 2009
"My private health insurance just went up 40%. I guess they were "broke and running out of money". by ReallyMeanIt August 13, 2009 12:09 PM EDT Come on rev wright, give it a rest already. by speakinup22 August 13, 2009 1:13 PM EDT CBSName - I agree - healthcare is broken. It should not cost $190 for a ResMed CPAP Mask. But, having the government run the show will NOT make it efficient. What we need is for the public to be in the equation on having to pay for part of the service and products.... (CBS News -- US)
China's great wall to foreign green tech Aug 13, 2009
It will need the invisible hand of global competitiveness and the legal exchange of technical know-how (not a pirating of patents) to become more competitive. And to reduce the use of coal and oil more quickly, every country, especially China, needs to adapt the best technology at the best price. (Christian Science Monitor)
India's pockets of prosperity? Aug 1, 2009
If the market is allowed to work on its own, the "invisible hand" would probably force firms to pay higher prices directly to landowners, thus slowing down projects and reducing rates of investment return. There is certainly no silver bullet, but measures aimed at addressing landowner rights and equity may reduce some of the opposition to SEZs and thereby ensure their long-term sustainability for India. (Christian Science Monitor)
It's still best to protect rights of smashmouths Aug 1, 2009
It is the "invisible hand" of the free market which bestows such bounty, based upon factors like how many additional tons of medicated crevice powder are sprinkled out nationally and how that tracks with the ups and downs of the "dittohead" census. So far, that calculation appears to satisfy the smashmouths' advertisers. (The Pantagraph newspaper)
Study: Bank Bonuses Far Exceeded Profits Jul 31, 2009
The book "Common Sense" by Thomas Paine is the source of our guiding "invisible hand" that strokes our self interest as it become engorged by the excitment of its own pleasure. By this, mere humans pursue egotism with its erect stature--constantly seeking sharpness, acquisitiveness, and of course a HAPPY ENDING. 00004000. (CBS News)
Namibia: Firm Launches Cost-Saving Fuel Blend Jul 31, 2009
A wonderful example of old Adam Smith's invisible hand. Creative human beings, using their intelligence in an honest and forthright manner to benefit themselves, benefiting everyone in the long run. (allAfrica.com)
India and Pakistan ice-breaker? Jul 28, 2009
Many in India see the invisible hand of Washington in prodding the two countries forward. It is no coincidence that the talks, and apparent progress in relations, have taken place 24 hours before US Secretary of State Hillary Clinton arrives in India for her maiden visit since taking charge. (BBC News -- South Asia)
Health care legislation is dishonest Jul 27, 2009
cross1242 wrote on Jul 26, 2009 2:59 PM:" For a change of pace, Prof. Clayson said something this week with which I like. He said:Conservatives, progressives and liberals are entirely united in the belief that government-controlled health care is a fundamental issue that goes to the core of what type of people we are and who we hope to be.I completely agree.The problem is that the conservatives answer the question what type of people we are and who we hope to be is that we are... (Waterloo Courier, IO)
Check your rhetoric at the door Jul 27, 2009
This infuriates me to be lectured by an Invisible Hand and to be told what I can and cannot say at a public meeting. I think you've stepped outside the bounds on this one. (Coos Bay-North Bend The World, OR)
Controversy Unlimited: The Police And Us Jul 26, 2009
The current police administration is headed in the right direction without doubt and barring any invisible hand playing dzulor ke police with them, the society is bound to derive maximum benefit from their improved services. They may not even need to administer chemical interrogators to suspects or potential informants, for their new outlook is enough to attract confessions without any inducements. (Ghana Web, Ghana)
Regulating human nature Jul 21, 2009
If true, the EMH implies that regulation is largely unnecessary because markets allocate resources and risks efficiently via the Invisible Hand. However, critics of the EMH argue that human behaviour is hardly rational, but is driven by animal spirits that generate market bubbles and busts, and regulation is essential for reining in misbehaviour. (FT.com -- Markets)
Newsweek: U.S. ignores an economic prophet Jul 20, 2009
While studying at MIT, he says he realized that if Smith's "invisible hand" always guided behavior correctly, the kind of unemployment and poverty he had witnessed in Gary shouldn't exist ... In the same speech he declared that the invisible hand "might not exist at all." The solution, Stiglitz says, is to move beyond ideology and to develop a balance between market-driven economieswhich he favorsand government oversight. (MSNBC -- Business)
We need to get back to business of business Jul 19, 2009
The "Invisible Hand of Capitalism" rewards success and punishes failure. The most efficient allocation of resources has always been the free-market system. (Lodi News Sentinel, CA)
* Where Smiths economics and Darwins naturalism collide Jul 16, 2009
Smith is celebrated for his invisible hand theory, which holds that when greedy people trade for their own advantage in unfettered private markets, they will often be led, as if by an invisible hand, to produce the greatest good for all. The invisible hand remains a powerful narrative, but after the recent economic wreckage, skepticism about it has grown ... My prediction is that it will eventually be supplanted by a version of Darwins more general narrative X one that grants the... (Taipei Times, Taiwan -- Sports)
Carbon Accounting: Currency of the Future? Jul 14, 2009
It put the invisible hand to work for the planet. If it holds true that people seek to maximize utility, rational actors will seek the lowest cost for energy and the most cost effective transportation solutions will flourish. (Energy Pulse, CO)
The next conservative thinkers Jul 12, 2009
Luigi Zingales Economic concerns dominate the news right now, and if conservatives stand for anything in the realm of economics, it s free markets - the idea that the invisible hand of the marketplace is far more efficient, liberating, and fair than the dead hand of public bureaucracy. The business of America is business, Calvin Coolidge famously declared, and the business of government was to get out of the way. (Boston Globe)
Democracys biggest ever IT project is 'Unique ID' Jul 10, 2009
While most young Iranians would like to believe that their revolution was fuelled by Twitter , the clerics who run the Islamic Republic would much rather blame it on the invisible hand of (what they call) The Great Satan aka the government of the US of A. The funny thing is that they both might be talking about precisely the same thing. Thirty years ago, even as the Ayatollah led the overthrow of the Shah, a young engineer at the US Department of Defenses Advanced Research... (India Times)
Death of a Company Man Jul 10, 2009
That belief first arose around the turn of the century as a challenge to the classical liberal belief in the power of free people and the invisible hand of the market coordinate most world events. In short order, the mindset gave this country the income tax, the FDA, and the Federal Reserve. (The American Conservative)
Evolution Guides Cooperative Turn-taking Jul 9, 2009
The conclusion is that there is an evolution-based invisible hand that guides our actions in this respect ... This form of cooperation, at least, is guided by an invisible hand , as happens so often in Darwin s theory of natural selection. (Science Daily)
US need new round of stimulus? Jul 8, 2009
Others are wary of the government's ability to find a way out of the recession and say it should have been left up to the economy's invisible hand. Economists have differing views. (Xinhuanet, China)
COMMENT: Lost Spirit Of Capitalism Jul 6, 2009
He draws attention to the fact that, while Smith showed the market economy's usefulness, his analysis went beyond leaving everything to the market's invisible hand. He viewed the usefulness of capital and markets within their own sphere and at the same time saw, contrary to the popular perception, the need for other institutions, such as sound mechanisms for financial regulations. (India Times, India)
U.S. has efficient health care model Jul 6, 2009
Stossel, like many others, still believes an "invisible hand" guides the insurance market, leading inevitably to the most economical and effective product. This ignores the reality that the medical insurance industry, like other industries that exert an unhealthy influence on Congress, is not acting in a truly free market economy. (Coos Bay-North Bend The World, OR)
Are We Capable Of Managing Our Own Affairs? Jul 4, 2009
Feature Article of Saturday, 4 July 2009. Feature Article of Saturday, 4 July 2009. (Ghana Web, Ghana)
* Chinas capitalism of compromise Jul 1, 2009
Chinese investment in Taiwanese companies, therefore, means that behind the veneer of private-sector investment likely lies the invisible hand of the state. For the moment, certain sectors such as telecommunications and defense remain off-limits to Chinese investment, but we can expect those restrictions to be lifted over time, both as a result of political pressure from China and from Taiwanese companies themselves. (Taipei Times, Taiwan -- Business)
`GOD OF STOCKS' Chooses China as the Winner Jul 1, 2009
The people I met thought of Wall Street as full of bankers who used the free markets invisible hand to pick Chinas pockets by swapping valuable goods for worthless U.S. dollars. How, one wanted to know, will the U.S. make amends after being exposed as a giant Ponzi scheme that bankrupted the world. (Bloomberg -- Columnists)
Prices of oil defy logic of supply and demand Jun 29, 2009
But the track records of governments that pursue the interventionist path shows they are usually less effective than the invisible hand ... But it would be a mistake to replace the invisible hand with the dead hand of intervention. (Business Report, South Africa)
* The business of seeding ethics in our corporations Jun 22, 2009
Adam Smiths invisible hand, they believe, ensures that the pursuit of our own interests in the free market will further the interests of all. In that tradition, the economist Milton Friedman wrote, in his 1962 book Capitalism and Freedom, There is one and only one social responsibility of business X to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without... (Taipei Times, Taiwan -- World)
Patching up a rotting hull will not keep world afloat Jun 21, 2009
Mainly because the fundamental question remains unanswered: without an "invisible hand" to regulate the anarchy of supply and demand, can the present system provide an answer. Labour says no. Business gives an emphatic yes and governments vacillate. (Business Report, South Africa)
Two societies: One for the left, one for everyone else Jun 20, 2009
wrote on Jun 19, 2009 1:59 PM:" Who cares if there is no bipartisanship? W. entered into office touting his being a compassionate conservative and the importance of ushering in bipartisanship. Look what happened? The most partisan 6 years weve had since Reagan. And what else happened? The whole respect of the country diminished. We entered into two wars (by the way, can we even mention Bush in a respectable conversation about politics? His administration literally lied to the American people... (Waterloo Courier, IO)
Is Iran Heading Toward A Military Coup? Jun 19, 2009
Instead they sat around designing ways to con mankind like Adam Smith and his 'invisible hand' to trick peoples out of their possesions and natural resources. This how our present day system is designed. (CBS News)
Is Steven Chu too much of a techno-geek? Jun 19, 2009
" At least one existing regulatory body -- the Office for Thrift Supervision -- will be abolished, and a major new watchdog -- a "consumer financial product safety commission" -- will be created. Capital and reserve requirements for financial institutions will be raised and derivatives will be more tightly regulated.The usual suspects on the right are already complaining about "over-regulation," but in the midst of the greatest economic crisis in the world since the Great Depression, they simply... (Salon)
Greenspan's Ghouls Stalk Obama Financial Plan Jun 19, 2009
In unveiling his regulatory plan Wednesday, Obama noted that there is always tension between those who favor the markets invisible hand and those who favor the guiding hand of government ... Yet in recent years, the invisible hand ruled. (Bloomberg -- Columnists)
What's the matter with San Francisco? Jun 18, 2009
There's always been a tension between those who place their faith in the invisible hand of the marketplace and those who place more trust in the guiding hand of the government. And that tension isn't a bad thing. (Salon)
More Cash Crops For Mother Ghana Jun 16, 2009
So, the authorities should encourage and provide the required "invisible hand" for the transformation, and embark on a research programme in order to have some proven results handy before they are pressed to provide them sooner or later. They should involve themselves on the ground now to determine the appropriate planting distance between the trees, maturity period, selection of high oil yielding species after knowing why some nuts produce more oil than others, why some trees produce more nuts... (Ghana Web, Ghana)
The Invisible Hand Jun 1, 2009
In his book , Smith wrote, "Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."... (Suite101.com)
The downward spiral of progress May 31, 2009
There are plenty of criticisms of American consumer capitalism and its guiding ideology, the notion that the Invisible Hand of the Market is as all-capable as the hand of God used to be (back when God was what people worshipped), only more helpful and efficient. It's not hard to spot cases where the market is inadequate to answer moral or ethical questions, such as how to pay to fix an 83-year-old retiree's broken hip. (Boston Globe)
Cuts Put Calif. Programs On Life Support May 31, 2009
No wonder why we've dug ourselves into so much sh_t and fell for this British Empire of Adam Smith and his stupid 'invisible hand' where worthless paper money has more intrinsice value then human lives. Good grief. (CBS News)
Hey kids, nature is the best classroom May 31, 2009
The invisible hand of the market could give a push in this direction, given the huge potential children hold. Nature-loving parents could put more efforts to pass on their traits to their offspring. (Xinhuanet, China)
Reasons to back tax reform May 24, 2009
(You wouldn't be referring to Adam Smith's "Invisible Hand" metaphor, would you ... " bobosghost wrote on May 23, 2009 8:18 PM:" Asterisk, yes that is right the invisible hand. (Logan Herald Journal, UT)
Psalm 105: The invisible hand of God May 24, 2009
Last Updated on Saturday, May 23, 2009 - 07:41:16 pm AKDT. News and Features for Wasilla, Alaska. (Wasilla Frontiersman, AK)
Letters to the Editor May 22, 2009
Clearly, Adam Smith's "invisible hand" of the market can do nothing to dissuade these bad telemarketers. They must be getting rich off our unfortunate, gullible neighbors. (San Francisco Chronicle -- Opinion)
Venture Brothers Season 3 DVD Revie... May 16, 2009
The flashback episode The Invisible Hand of Fate is probably the worst offender: How Billy Quizboy lost his hand and how Phantom Limb got his powers have already been discussed in Season 2, and the ambiguous resolution is arguably better than the definitive answer here, awesome OSI theme song be damned. Special Features. (Suite101.com)
Is Our Society Suffering From Economic Illiteracy? May 5, 2009
Adam Smith defined education as an "invisible hand" in the production line ... Marmite, which is full of vitamin B complex and made from "juni, has market in Europe and they are demanded in the form of "pkali" in West Africa. "Chihaa" also produces oil and has many other uses. Leaves of the baobab tree, which our people call "Topkaraa", and it is known in the sub region as "Kooka", has good market in Nigeria, Niger, Chad and some parts of Cameroon. Our topkaraa is superior to the ones... (Ghana Web, Ghana)
May Day, May Day May 2, 2009
The crisis's vicious downward cyclesfor example, layoffs causing lower consumer spending causing lower profits causing more layoffsdemonstrates "where ignoring Marx while trusting in Adam Smith's 'invisible hand' gets you." "Reformist politicians who think they can do away with the inherent class inequalities and recurrent crises of capitalist society are the real romantics of our day, themselves clinging to a naive utopian vision of what the world might be," the author argues. "If the... (Slate)
All hail brave new world of Web 2.0 May 2, 2009
Within economics the invisible hand only works in a peaceful, lawful society, and with strong, free competition. 1. (Sydney Morning Herald -- Business)
Conficker Awakens With Scareware and Spam Apr 29, 2009
Over the Internet, the invisible hand of the criminal market loosely joins the work of underground pharmaceutical operations replete with customer service centers, credit card cashing operations, and malware labs. "This is ruthlessly efficient capitalism," Peterson said, adding that the going rates for this service are $0. (SmallBusinessComputing)
* [ HARDCOVER: US ]: Humans, your animals animal Apr 19, 2009
It makes sense that the invisible hand of evolution is at work, and yet I hadnt considered it. So what makes us human. (Taipei Times, Taiwan -- Sports)
Sasha Frere-Jones: The-Dream is everywhere. Apr 13, 2009
The many can be the one, and it may be that the invisible hand is more important than the faces out front. Nash and Stewart are currently two of the biggest hands in R. & B. and pop, and Nash is also making a reasonable run for it as a solo artist, The-Dream. (New Yorker)
Conservatism Has Much to Offer Black Americans Apr 13, 2009
Conservatism is much more than preaching "discipline" or making vague references to an "invisible hand." It is a robust philosophy of life that has played a major role in black history and in the black community today, and it is the source of policy prescriptions just as bold and potentially attractive to the black community as were the programs of the Great Society in the 1960s or of the Congressional Black Caucus today. Booker T. Washington (1856-1915) is the foremost exemplar of the black... (Human Events Online)
Local Government and Decentralised Ghana Apr 12, 2009
The struggle against neo-colonialism should not be misconstrued as a crusade against an external invisible hand remote-controlling our development processes but fundamentally about the religious embrace and retailing of universal conventions to address our development problems which are native in nature and logically allergic to imported solutions. My worry however is the frozen submissive attitudes to imported concepts. (Ghana Web, Ghana)
Michael Tortorich: Government meddling stifles economy Apr 11, 2009
Allow the invisible hand, known as spontaneous order in economic terminology, to work as it will. Consumers should have the freedom to choose with their wallets which businesses win and which ones lose. (Medfield Press, MA)
