Boeing and the Failure of the Invisible Hand
The United States often touts itself as a capitalist economy, wherein each person operates according to their best interest. In theory, we are all mutually dependent, and people make money when they provide goods or services that are valued by other people – and for which they are willing to pay. Adam Smith, writing generations ago in Wealth of Nations, coined the term “Invisible Hand,” … Continue reading Boeing and the Failure of the Invisible Hand