ONLINE PRE-PUBLISHED: Rafi Amir-ud-Din & Asad Zaman (2015): Failures of the “Invisible Hand”, Forum for Social Economics,
DOI: 10.1080/07360932.2015.1019536
SSNR Version
ABSTRACT
Despite many failures of the invisible hand both empirically and theoretically, it continues to be vigorously asserted and widely believed. We document the failures and explain why it continues to be asserted despite these failures.
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