#invisiblehand — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #invisiblehand, aggregated by home.social.
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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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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".