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Invisible Hand

Economists are Irrational!

Dr. Jim Taylor | Posted 12.16.2009 | Business

Read More: Mit, Invisible Hand, John Maynard Keynes, Milton Friedman, Economics, Berkeley, University of Chicago, Princeton, Behavioral Economics, Paul Krugman, Free Market, Adam Smith, Business News
Dr. Jim Taylor

Given what has happened to our economy in the last decade, it's hard to believe that any of the "freshwater," "efficient market" economists still have jobs, much less, credibility in how the economy actually works.

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Slapped by the Invisible Hand

Mike Papantonio | Posted 04.12.2009 | Business

Read More: Markets, Ring of Fire, Chelsey-Sullenberger, Mike Papantonio, Industry, Airline Industry, Deregulation, American Airlines, Invisible Hand, Air America Radio, Delta, Pilot, Business News
Mike Papantonio

As Sullenberger continues to speak out, he should make it clear that all the pilots and crews who are still operating in the deregulated airline industry are truly heroes.

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Our Moral Audit of the Budget

Jim Wallis | Posted 04.02.2009 | Politics

Read More: Market, White House, President, Social Justice, Debate, President Obama, Taxes, Washington, Proportion, Priorities, Poor, Wealth, Common Good, Social Responsibility, E.J. Dionne, Budgets, Justice, Capitalism, Faith, Health Care, Equality, Irs, Budget, Politics, Biblical, Community, Rich, Compassion, Federal Budget Proposal, Invisible Hand, Inequality, Economy, 100 Days, Obama Budget, Politics News
Jim Wallis

My prediction is that many in the faith community, especially those on the front lines of serving the poor, will rally around the principles and priorities of this budget.

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Whatever Happened To "The Magic Of The Marketplace" And "The Invisible Hand?"

Sandy Goodman | Posted 11.16.2008 | Business

Read More: Citigroup, Merrill Lynch, J.P. Morgan Chase, Ronald Reagan, Milton Friedman, George Will, Enron, Treasury Secretary Paulson, Invisible Hand, Alan Greenspan, Capitalism, President Bush, Government, Adam Smith, Economy, Business News
Sandy Goodman

Many Americans still believe in the myth of the always perfect free market, in the face of irrefutable, worldwide evidence that there are times when it completely fails.

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The Invisible Hand is Dead. Long Live (Smart) Regulation.

David Sloan Wilson | Posted 10.22.2008 | Politics

Read More: Politics, Economics, Economy, Self-Interest, Invisible Hand, Regulation, Rational Choice Theory, Collapse, Politics News
David Sloan Wilson

I hope that our economy recovers, but the time has come to declare its guiding metaphor dead. This is the metaphor of the invisible hand, which makes...

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