#invisiblehand — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #invisiblehand, aggregated by home.social.
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⬆️ >> The foundational assumptions of perfect knowledge and perfect competition in free market economies are both missing.
#InvisibleHand is supposed to guide participants toward actions that maximize their individual benefits, and under conditions of perfect knowledge and perfect competition, that magically translates to collective societal benefits.
When #AI agents make those decisions, whose benefit do they have in "mind"? Corporate overlords'? AI does not have a mind.
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⬆️ >> The foundational assumptions of perfect knowledge and perfect competition in free market economies are both missing.
#InvisibleHand is supposed to guide participants toward actions that maximize their individual benefits, and under conditions of perfect knowledge and perfect competition, that magically translates to collective societal benefits.
When #AI agents make those decisions, whose benefit do they have in "mind"? Corporate overlords'? AI does not have a mind.
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⬆️ >> The foundational assumptions of perfect knowledge and perfect competition in free market economies are both missing.
#InvisibleHand is supposed to guide participants toward actions that maximize their individual benefits, and under conditions of perfect knowledge and perfect competition, that magically translates to collective societal benefits.
When #AI agents make those decisions, whose benefit do they have in "mind"? Corporate overlords'? AI does not have a mind.
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Who is the father of economics?
There is the obvious name, we add three more people to the list of contestants.
Notable thinkers on economics from history with ideas that still matter today.
Also, the father of economic's thought on the link between economics and music.
#economics #economictheory #invisiblehand #musiceconomics #specialization #comparativeadvantage #gifted #talent #effectiveness #efficiency #productivity #music #dance #poetry
https://www.supervizion.com/blog/father-of-economics-adam-smith/
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Who is the father of economics?
There is the obvious name, we add three more people to the list of contestants.
Notable thinkers on economics from history with ideas that still matter today.
Also, the father of economic's thought on the link between economics and music.
#economics #economictheory #invisiblehand #musiceconomics #specialization #comparativeadvantage #gifted #talent #effectiveness #efficiency #productivity #music #dance #poetry
https://www.supervizion.com/blog/father-of-economics-adam-smith/
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Who is the father of economics?
There is the obvious name, we add three more people to the list of contestants.
Notable thinkers on economics from history with ideas that still matter today.
Also, the father of economic's thought on the link between economics and music.
#economics #economictheory #invisiblehand #musiceconomics #specialization #comparativeadvantage #gifted #talent #effectiveness #efficiency #productivity #music #dance #poetry
https://www.supervizion.com/blog/father-of-economics-adam-smith/
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Who is the father of economics?
There is the obvious name, we add three more people to the list of contestants.
Notable thinkers on economics from history with ideas that still matter today.
Also, the father of economic's thought on the link between economics and music.
#economics #economictheory #invisiblehand #musiceconomics #specialization #comparativeadvantage #gifted #talent #effectiveness #efficiency #productivity #music #dance #poetry
https://www.supervizion.com/blog/father-of-economics-adam-smith/
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Who is the father of economics?
There is the obvious name, we add three more people to the list of contestants.
Notable thinkers on economics from history with ideas that still matter today.
Also, the father of economic's thought on the link between economics and music.
#economics #economictheory #invisiblehand #musiceconomics #specialization #comparativeadvantage #gifted #talent #effectiveness #efficiency #productivity #music #dance #poetry
https://www.supervizion.com/blog/father-of-economics-adam-smith/
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“Entities such as #society, the #economy and #climate are everywhere and nowhere. They are the product of many #factors and must be observed indirectly via #proxies. There’s a reason Adam Smith’s ‘ #invisiblehand’ was invisible.” www.lrb.co.uk/the-paper/v4...
Lorraine Daston · Everywhere a... -
“Entities such as #society, the #economy and #climate are everywhere and nowhere. They are the product of many #factors and must be observed indirectly via #proxies. There’s a reason Adam Smith’s ‘ #invisiblehand’ was invisible.” www.lrb.co.uk/the-paper/v4...
Lorraine Daston · Everywhere a... -
“Entities such as #society, the #economy and #climate are everywhere and nowhere. They are the product of many #factors and must be observed indirectly via #proxies. There’s a reason Adam Smith’s ‘ #invisiblehand’ was invisible.” www.lrb.co.uk/the-paper/v4...
Lorraine Daston · Everywhere a... -
“Entities such as #society, the #economy and #climate are everywhere and nowhere. They are the product of many #factors and must be observed indirectly via #proxies. There’s a reason Adam Smith’s ‘ #invisiblehand’ was invisible.” www.lrb.co.uk/the-paper/v4...
Lorraine Daston · Everywhere a... -
“Entities such as #society, the #economy and #climate are everywhere and nowhere. They are the product of many #factors and must be observed indirectly via #proxies. There’s a reason Adam Smith’s ‘ #invisiblehand’ was invisible.” www.lrb.co.uk/the-paper/v4...
Lorraine Daston · Everywhere a... -
https://www.forbes.com/sites/kensilverstein/2025/10/19/uruguays-renewable-charge-a-small-nation-a-big-lesson-for-the-world/ #fossielesubsidies #marktwerking #FossilLobby #invisiblehand #renewables #autonomie
“Once the country adjusted the playing field that had long favored oil and gas, renewables outperformed on every front: halving costs, creating 50,000 jobs, and protecting the economy from price shocks”. -
https://www.forbes.com/sites/kensilverstein/2025/10/19/uruguays-renewable-charge-a-small-nation-a-big-lesson-for-the-world/ #fossielesubsidies #marktwerking #FossilLobby #invisiblehand #renewables #autonomie
“Once the country adjusted the playing field that had long favored oil and gas, renewables outperformed on every front: halving costs, creating 50,000 jobs, and protecting the economy from price shocks”. -
https://www.forbes.com/sites/kensilverstein/2025/10/19/uruguays-renewable-charge-a-small-nation-a-big-lesson-for-the-world/ #fossielesubsidies #marktwerking #FossilLobby #invisiblehand #renewables #autonomie
“Once the country adjusted the playing field that had long favored oil and gas, renewables outperformed on every front: halving costs, creating 50,000 jobs, and protecting the economy from price shocks”. -
https://www.forbes.com/sites/kensilverstein/2025/10/19/uruguays-renewable-charge-a-small-nation-a-big-lesson-for-the-world/ #fossielesubsidies #marktwerking #FossilLobby #invisiblehand #renewables #autonomie
“Once the country adjusted the playing field that had long favored oil and gas, renewables outperformed on every front: halving costs, creating 50,000 jobs, and protecting the economy from price shocks”. -
https://www.forbes.com/sites/kensilverstein/2025/10/19/uruguays-renewable-charge-a-small-nation-a-big-lesson-for-the-world/ #fossielesubsidies #marktwerking #FossilLobby #invisiblehand #renewables #autonomie
“Once the country adjusted the playing field that had long favored oil and gas, renewables outperformed on every front: halving costs, creating 50,000 jobs, and protecting the economy from price shocks”. -
⬆️ @zeitgeisty
>> #Fed corrects our faults that #US #Economy cannot correct.
The #InvisibleHand needs visible intervention to fight #greed and #corruption.
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⬆️ @zeitgeisty
>> #Fed corrects our faults that #US #Economy cannot correct.
The #InvisibleHand needs visible intervention to fight #greed and #corruption.
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⬆️ @zeitgeisty
>> #Fed corrects our faults that #US #Economy cannot correct.
The #InvisibleHand needs visible intervention to fight #greed and #corruption.
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Here is something I wrote:
Time to read: ±15 minutes
https://pen.waltuh.cyou/autumn/the-paradox-of-ownership-in-the-digital-age
> The Paradox of Ownership in the Digital Age:
How DMCA and DRM Limit Access and Undermine Preservation Efforts---
#dmca #drm #copyright #ownership #piracy #copyleft #fairuse #economics #invisibleHand #solutions #civilDisobedience #archive #library #preservation #publicDomain #art #writing #research #digitalRights -
Here is something I wrote:
Time to read: ±15 minutes
https://pen.waltuh.cyou/autumn/the-paradox-of-ownership-in-the-digital-age
> The Paradox of Ownership in the Digital Age:
How DMCA and DRM Limit Access and Undermine Preservation Efforts---
#dmca #drm #copyright #ownership #piracy #copyleft #fairuse #economics #invisibleHand #solutions #civilDisobedience #archive #library #preservation #publicDomain #art #writing #research #digitalRights -
Here is something I wrote:
Time to read: ±15 minutes
https://pen.waltuh.cyou/autumn/the-paradox-of-ownership-in-the-digital-age
> The Paradox of Ownership in the Digital Age:
How DMCA and DRM Limit Access and Undermine Preservation Efforts---
#dmca #drm #copyright #ownership #piracy #copyleft #fairuse #economics #invisibleHand #solutions #civilDisobedience #archive #library #preservation #publicDomain #art #writing #research #digitalRights -
Here is something I wrote:
Time to read: ±15 minutes
https://pen.waltuh.cyou/autumn/the-paradox-of-ownership-in-the-digital-age
> The Paradox of Ownership in the Digital Age:
How DMCA and DRM Limit Access and Undermine Preservation Efforts---
#dmca #drm #copyright #ownership #piracy #copyleft #fairuse #economics #invisibleHand #solutions #civilDisobedience #archive #library #preservation #publicDomain #art #writing #research #digitalRights -
Here is something I wrote:
Time to read: ±15 minutes
https://pen.waltuh.cyou/autumn/the-paradox-of-ownership-in-the-digital-age
> The Paradox of Ownership in the Digital Age:
How DMCA and DRM Limit Access and Undermine Preservation Efforts---
#dmca #drm #copyright #ownership #piracy #copyleft #fairuse #economics #invisibleHand #solutions #civilDisobedience #archive #library #preservation #publicDomain #art #writing #research #digitalRights -
😬😓:
“Adam Smith Is Misinterpreted And His Influence Overstated”, The Economist (https://www.economist.com/christmas-specials/2025/12/18/adam-smith-is-misinterpreted-and-his-influence-overstated or https://archive.is/hQpRa).
#Economics #Capitalism #FreeMarkets #AdamSmith #TheWealthOfNations #Legacy #Books #InvisibleHand
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😬😓:
“Adam Smith Is Misinterpreted And His Influence Overstated”, The Economist (https://www.economist.com/christmas-specials/2025/12/18/adam-smith-is-misinterpreted-and-his-influence-overstated or https://archive.is/hQpRa).
#Economics #Capitalism #FreeMarkets #AdamSmith #TheWealthOfNations #Legacy #Books #InvisibleHand
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😬😓:
“Adam Smith Is Misinterpreted And His Influence Overstated”, The Economist (https://www.economist.com/christmas-specials/2025/12/18/adam-smith-is-misinterpreted-and-his-influence-overstated or https://archive.is/hQpRa).
#Economics #Capitalism #FreeMarkets #AdamSmith #TheWealthOfNations #Legacy #Books #InvisibleHand
-
😬😓:
“Adam Smith Is Misinterpreted And His Influence Overstated”, The Economist (https://www.economist.com/christmas-specials/2025/12/18/adam-smith-is-misinterpreted-and-his-influence-overstated or https://archive.is/hQpRa).
#Economics #Capitalism #FreeMarkets #AdamSmith #TheWealthOfNations #Legacy #Books #InvisibleHand
-
😬😓:
“Adam Smith Is Misinterpreted And His Influence Overstated”, The Economist (https://www.economist.com/christmas-specials/2025/12/18/adam-smith-is-misinterpreted-and-his-influence-overstated or https://archive.is/hQpRa).
#Economics #Capitalism #FreeMarkets #AdamSmith #TheWealthOfNations #Legacy #Books #InvisibleHand
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Left to it's own devices, the #InvisibleHand will always choose to pick your pocket rather #work an honest day.
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I’ll take Adam Smith s #invisiblehand any day over this fatfingered meddling.
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I’ll take Adam Smith s #invisiblehand any day over this fatfingered meddling.
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I’ll take Adam Smith s #invisiblehand any day over this fatfingered meddling.
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I’ll take Adam Smith s #invisiblehand any day over this fatfingered meddling.
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I’ll take Adam Smith s #invisiblehand any day over this fatfingered meddling.
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*Explain to me how that's different from the behavior of the stock market. #invisiblehand #neverbeenhuman #universallyworshipped
RE: https://bsky.app/profile/did:plc:mtm4yjoqpp2p6sfyu3ft7ipn/post/3lzxedew25k2n -
*Explain to me how that's different from the behavior of the stock market. #invisiblehand #neverbeenhuman #universallyworshipped
RE: https://bsky.app/profile/did:plc:mtm4yjoqpp2p6sfyu3ft7ipn/post/3lzxedew25k2n -
*Explain to me how that's different from the behavior of the stock market. #invisiblehand #neverbeenhuman #universallyworshipped
RE: https://bsky.app/profile/did:plc:mtm4yjoqpp2p6sfyu3ft7ipn/post/3lzxedew25k2n -
*Explain to me how that's different from the behavior of the stock market. #invisiblehand #neverbeenhuman #universallyworshipped
RE: https://bsky.app/profile/did:plc:mtm4yjoqpp2p6sfyu3ft7ipn/post/3lzxedew25k2n -
It's because the stock market is not the collective wisdom of sober economic evaluation that it is hyped to be.
Someone - I forget who - described it memorably, and far more accurately, as "the stock market is a mood ring for how rich people feel about the economy that day".
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It's because the stock market is not the collective wisdom of sober economic evaluation that it is hyped to be.
Someone - I forget who - described it memorably, and far more accurately, as "the stock market is a mood ring for how rich people feel about the economy that day".
-
It's because the stock market is not the collective wisdom of sober economic evaluation that it is hyped to be.
Someone - I forget who - described it memorably, and far more accurately, as "the stock market is a mood ring for how rich people feel about the economy that day".
-
It's because the stock market is not the collective wisdom of sober economic evaluation that it is hyped to be.
Someone - I forget who - described it memorably, and far more accurately, as "the stock market is a mood ring for how rich people feel about the economy that day".
-
It's because the stock market is not the collective wisdom of sober economic evaluation that it is hyped to be.
Someone - I forget who - described it memorably, and far more accurately, as "the stock market is a mood ring for how rich people feel about the economy that day".
-
Adam Smith was a great economist. But the invisible hand theory needs a government that is paying attention, not one that is being paid to look the other way.
South Australia is looking like a greater and greater state to live in, or at least model!
Bring on more states that act this way - now illegal to accept any political donations!
#politics #moneyinpolitics #economics #invisiblehand -
Adam Smith was a great economist. But the invisible hand theory needs a government that is paying attention, not one that is being paid to look the other way.
South Australia is looking like a greater and greater state to live in, or at least model!
Bring on more states that act this way - now illegal to accept any political donations!
#politics #moneyinpolitics #economics #invisiblehand -
Adam Smith was a great economist. But the invisible hand theory needs a government that is paying attention, not one that is being paid to look the other way.
South Australia is looking like a greater and greater state to live in, or at least model!
Bring on more states that act this way - now illegal to accept any political donations!
#politics #moneyinpolitics #economics #invisiblehand -
Adam Smith was a great economist. But the invisible hand theory needs a government that is paying attention, not one that is being paid to look the other way.
South Australia is looking like a greater and greater state to live in, or at least model!
Bring on more states that act this way - now illegal to accept any political donations!
#politics #moneyinpolitics #economics #invisiblehand -
Couldnt get a clear grip on your interests from your feed, so came here to say this too. Also markets ( #invisibleHand - theory of moral sentiments, and the wealth of nations) , #qualityControl, and #openBSD, I reckon. I'm delving these at the moment and it's super interesting. Also Enterprise Resource Planning software suites (specifically #ERP5 but it might prove too deep for my delving ability) and sometimes #cybernetics (which goes back to #mathematical #complexity and #communicationTheory ).
https://www.adamsmithworks.org/texts
#askMastodon #askMathstodon #math #maths #mathematics #adamSmith #Cicero #Shewart #Deming #Wiener #Shannon #ERP #ADHD
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Couldnt get a clear grip on your interests from your feed, so came here to say this too. Also markets ( #invisibleHand - theory of moral sentiments, and the wealth of nations) , #qualityControl, and #openBSD, I reckon. I'm delving these at the moment and it's super interesting. Also Enterprise Resource Planning software suites (specifically #ERP5 but it might prove too deep for my delving ability) and sometimes #cybernetics (which goes back to #mathematical #complexity and #communicationTheory ).
https://www.adamsmithworks.org/texts
#askMastodon #askMathstodon #math #maths #mathematics #adamSmith #Cicero #Shewart #Deming #Wiener #Shannon #ERP #ADHD
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Couldnt get a clear grip on your interests from your feed, so came here to say this too. Also markets ( #invisibleHand - theory of moral sentiments, and the wealth of nations) , #qualityControl, and #openBSD, I reckon. I'm delving these at the moment and it's super interesting. Also Enterprise Resource Planning software suites (specifically #ERP5 but it might prove too deep for my delving ability) and sometimes #cybernetics (which goes back to #mathematical #complexity and #communicationTheory ).
https://www.adamsmithworks.org/texts
#askMastodon #askMathstodon #math #maths #mathematics #adamSmith #Cicero #Shewart #Deming #Wiener #Shannon #ERP #ADHD
-
Couldnt get a clear grip on your interests from your feed, so came here to say this too. Also markets ( #invisibleHand - theory of moral sentiments, and the wealth of nations) , #qualityControl, and #openBSD, I reckon. I'm delving these at the moment and it's super interesting. Also Enterprise Resource Planning software suites (specifically #ERP5 but it might prove too deep for my delving ability) and sometimes #cybernetics (which goes back to #mathematical #complexity and #communicationTheory ).
https://www.adamsmithworks.org/texts
#askMastodon #askMathstodon #math #maths #mathematics #adamSmith #Cicero #Shewart #Deming #Wiener #Shannon #ERP #ADHD
-
Couldnt get a clear grip on your interests from your feed, so came here to say this too. Also markets ( #invisibleHand - theory of moral sentiments, and the wealth of nations) , #qualityControl, and #openBSD, I reckon. I'm delving these at the moment and it's super interesting. Also Enterprise Resource Planning software suites (specifically #ERP5 but it might prove too deep for my delving ability) and sometimes #cybernetics (which goes back to #mathematical #complexity and #communicationTheory ).
https://www.adamsmithworks.org/texts
#askMastodon #askMathstodon #math #maths #mathematics #adamSmith #Cicero #Shewart #Deming #Wiener #Shannon #ERP #ADHD
