Smith's Hidden Hand
Neo-classical economics holds that, left to themselves, markets will balance supply and demand relatively quickly. If equilibrium does not exist, it will exist in the future, provided obstacles to market functioning are cleared away. But this idea goes right back to the classical political economy of Adam Smith (and even earlier theorists).
Read more about this topic: Law Of Value
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“Nobody shoots at Santa Claus.”
—Alfred E. Smith (1873–1944)
“Look
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There is no interrogation in his eyes
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And the eyes watchful, waiting, perceiving indifferent.
O hidden under the dover’s wing, hidden in the turtle’s breast....”
—T.S. (Thomas Stearns)
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