How to Construct a New Invisible Hand: A Conversation with Peter Barnes

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A middle path between laissez faire and centralized planning.

In a previous essay, I announced a new concept of the invisible hand to replace the old and erroneous idea that the pursuit of self-interest robustly benefits the common good.

Dak 5eThe new version is based on examples of the invisible hand that exist in nature, such as cells that benefit multi-cellular organisms and social insects that benefit their colonies.

These lower-level units don’t have the…

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