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- 2019-07-23 发布于浙江
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60 Second Adventures in Economics
Number one: The Invisible Hand
An economy is a tricky thing to control, and governments are always trying to figure out how to do it.
Back in 1776 economist Adam Smith shocked everyone by saying that what governments should actually do is just to leave people alone to buy and sell freely among themselves. He suggested that if they just leave self-interested traders to compete with one another, markets are guided to positive outcomes “as if by an invisible hand”. If someone charges less than you, customers will buy from them instead, as you have to lower the
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