A Quote by Milton Friedman
The invisible hand in politics operates in the opposite direction to the invisible hand in the market.
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The invisible hand of the market always moves faster and better than the heavy hand of government.
The net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.
The invisible hand is not perfect. Indeed, the invisible hand is a little bit arthritic ... I'm a believer in free markets, but I think we need to be less naïve. We need to accept that markets give us pretty good solutions, but occasionally they will lock in something inferior.
The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.
People who intend only to seek their own benefit are “led by an invisible hand to serve a public interest which was no part of” their intention. I say that there is a reverse invisible hand: People who intend to serve only the public interest are led by an invisible hand to serve private interests which was no part of their intention.
While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.
INVISIBLE BOY And here we see the invisible boy In his lovely invisible house, Feeding a piece of invisible cheese To a little invisible mouse. Oh, what a beautiful picture to see! Will you draw an invisible picture for me?
What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.
If invisible people eat invisible food does invisible wind blow invisible trees?
As against the "invisible hand" of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane.
The self-organizing and self-correcting imprint is on all aspects of reality. So not only was your body formed by this invisible hand, not only does your body continue to work by this invisible hand, but every aspect of your life - emotionally, physiologically, and spiritually - is also programmed to thrive, is also programmed for self-organization and self-correction.
The reason that the invisible hand often seems invisible is that it is often not there.
Unfortunately, people expect a Russian opposition politician to be a manic libertarian who thinks the oligarchs are great, who isn't interested in the problems of retirees and who believes the invisible hand of the market will resolve everything.
Conservatives may worship Adam Smith's 'invisible hand,' but for Obama, the helping hand comes in large measure from the public, not the private sector. To call this 'socialism' is to do violence to the word and to the concept. To call it 'un-American' is a smear.
The invisible hand never picks up the check.
It's hard for me to understand how poverty can be invisible to so many people, since I see it everywhere. Readers sometimes think this world is so different; on the one hand, they feel connected to the people I'm writing about, and on the other hand, they're saying their lives are a world away.
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