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Conception of the Invisible Hand by Adam Smith

Conception of the “Invisible Hand” by Adam Smith relies on mechanisms like those as underpin: (1) William Stanley Jevons’ “sunspot” theory of business cycles. (2) the biological concept of Homeostasis. (3) socialists’ arguments for government intervention within markets. (4) fiscal policies advocated through John Maynard Keynes. (5) anarcho-syndicalism.

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