(February 6, 2012 at 2:03 pm)RW_9 Wrote: Oh, for the love of fruit loops. The "invisible hand of the market" is a phrase used to describe the benefits of a free market by proponents of it. It has nothing to do with a god, it is meant to describe the supposed self-correcting nature of a free market.
Except that you are wrong, in that "self correcting nature" is a misnomer.
What you really mean to state, is the apparent value of any good is dependent, as a function, on supply and demand, to put it bluntly.
There is no "self correction" unless gravity is "self correcting"...
That said, if there is an invisible hand, someone should tell it to stop feeling everyone up.
Slave to the Patriarchy no more