Rethinking The Free Market: Conclusions And Methods
Conclusions Peter Brown and Peter Timmerman argue that mainstream economics is an ‘orphaned discipline’. It is founded, they claim, on a “dated and unrevised metaphysical and prescientific vision" that is “incompatible with what we know about the universe and our place in it" (Brown and Timmerman, 2015). Looking at free-market theory in the context of the modern understanding of evolution, this assessment rings true. Please share this article - Go to very top of page, right hand side, for social media buttons. Adam Smith’s concept of the invisible hand was a plausible hypothesis whe...
Source: econintersect.com