Tag Archives: Adam Smith

EYES ON INVISIBLE HANDS

The hand is quicker than the eye – especially when the hand is invisible and the eye is closed or blind. The heavy hands of wisdom and authority must guide the invisible hand of desire without limits, just as a parent stops a child from grabbing too many cookies before dinner and a shop-keeper stops a thief from grabbing cookies it is neither entitled to nor willing to pay for.

Some call this Regulation. I call it Common Sense. (Click Here for “Why Economists Failed to Predict the Financial Crisis from “Knowledge @ Wharton.”)