What The Theory

The Invisible Hand


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Adam Smith spoke of the market operating as an invisible hand that guides the actions of producers and consumers to find each other and a reliable allocation of resources happening with each actor pursuing their ends

In this episode, we examine if that hand is benevolent or an iron hand that both gives and takes away and ultimately what logic that does it serve in the world. As we all know, like gravity, it is the invisible relations between things that have the greatest power.

This is part 2 of our exploration of Marxist ideas and critiques of modern life.

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What The TheoryBy Joel Muhumuza