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When The Invisible Hand Guides Economic Activity? [Solved]
Adam Smith used the term “invisible hand” to say that a market economy can function on its own and appear that there is a guiding spirit or plan of resources. He argued that you didn’t need government to decide these things but simply allow people to make their own choices.
The Invisible Hand - Full Video
The
Power of the Market - Invisible Hand
Milton Friedman explains how an
Economic Methodology 6.2: F. A. Hayek and the Invisible Hand
This part of the discussion is about Hayek’s own interpretation of the
