So Invisible, It Isn't Even There

Pingree's Potato Patch
Studying the Economics of Detroit

Brad DeLong linked to an interesting article by Gavin Kennedy which argues (persuasively, I think), that Adam Smith's usage of the phrase "invisible hand" has little if anything to do with it's modern usage, typically as a almost-mystical characterization of the holy power of the market, doing the work of God and not to be tampered with just because liberal blasphemers happen to dislike the results. This should be good for a bit of amusement at a cocktail party someday...

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