Originally Posted By: Redeemer
I'll be sure to read that soon. At the very least, it should be somewhat informative. But I have to be honest, stuff like this:
Quote:
The reason that the invisible hand seems invisible so often is that it's not there. Markets are often not efficient.

does not make the interview sound very promising.

laugh Ah, don't worry, that refers to a central notion of the pioneer of political economy, Adam Smith.

It meant that the competition of freely acting participants
that are only following their very own interests in a free market
'somehow magically' leads to the wealth of the nation, the wealth of all.

Look for "invisible hand" f.i. in the wikipedia article about Adam Smith for further information.