Results 1 to 7 of 7

Thread: The Invisible Hand

  1. #1
    what about .. eyebrows God's Avatar
    Join Date
    Apr 2005
    Location
    among the people
    Posts
    49,771

    Default The Invisible Hand

    Stupid theory, or stupidest theory?

  2. #2
    Pokemon Champion Mario The Black Knight's Avatar
    Join Date
    Jan 2006
    Location
    Philly
    Posts
    20,994

    Default

    Explain so I can cast my judgement

  3. #3
    what about .. eyebrows God's Avatar
    Join Date
    Apr 2005
    Location
    among the people
    Posts
    49,771

    Default

    basically the idea that the free market left alone will end up doing good for the world
    http://en.wikipedia.org/wiki/Invisible_hand

  4. #4
    cogito ergo doleo Keke Le Cat's Avatar
    Join Date
    Apr 2008
    Location
    Hilbert Space
    Posts
    11,174

    Default

    That's total (for lack of a better term) bullshit.

    Did that guy never examine the economy of the american south pre-civil war?

    Something like 2% of the population owned 95% of the land or somesuch, 70% were indentured servants, what about the other 20 something percent? They were poor white trash. They rented from the 2% of rich people, lived worse than the slaves which was pretty damn bad and no invisible hand took care of their wealth. When malaria struck they died by the buckets full, no invisible hand took care of that either. Really the civil war did quite a lot for southern poor whites, freed them as well.

    Each individual maximizing revenue for himself maximizes revenue for himself. End of story.

    God damnit people learn from history or you will repeat it.

    1 1 2 3 5 8 13 21 34 55 89 144 233 377 610 987 1597 2584 4181 6765

  5. #5
    Furry Authority RedCheetah's Avatar
    Join Date
    Dec 2004
    Posts
    3,190

    Default

    We all move the Great Chain, and the Great Chain moves us all.

    "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects." - Time Enough For Love, by Robert Heinlein

  6. #6
    what about .. eyebrows God's Avatar
    Join Date
    Apr 2005
    Location
    among the people
    Posts
    49,771

    Default


  7. #7
    Furry Authority RedCheetah's Avatar
    Join Date
    Dec 2004
    Posts
    3,190

    Default

    The motto of Rapture.
    "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects." - Time Enough For Love, by Robert Heinlein

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •